property taxes

Recent Posts

Connecticut’s attempt to safeguard federal deductions may draw IRS heat

WASHINGTON – Fairfield First Selectman Mike Tetreau hopes to take advantage of a new state law aimed at blunting the impact on his town’s residents of a new cap on certain federal tax deductions. But the bold step the state has taken may face push-back from the IRS. Continue Reading →

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CT joins other ‘blue’ states in looking to skirt new tax law

WASHINGTON – “Blue” states like Connecticut that say they were targeted in the GOP’s federal tax overhaul are looking for ways to protect their residents from the negative impact of the new cap on the deductibility of state and local taxes. Continue Reading →

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As Congress readies tax overhaul, an accountant explains its impact on Connecticut taxpayers

As a historic overhaul of the nation’s tax code nears the finish line, Connecticut taxpayers have deluged their accountants with questions over its impact on their households or businesses. In this Sunday conversation, Andrew Lattimer, a certified public accountant and tax specialist at the West Hartford office of BlumShapiro, explains how the new tax plan would affect Connecticut taxpayers. Continue Reading →

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Final tax bill improves outlook for CT homeowners, students

WASHINGTON — As House and Senate negotiators of a final tax bill worked to finish the plan Thursday, changes were made that could help Connecticut homeowners and students. A final bill would allow greater deductibililty of state and property taxers and restores some tax breaks for students lost in earlier versions of the bill. Continue Reading →

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CT CPA’s warn of dire impact of new federal tax plan

WASHINGTON — Connecticut’s accountants are frustrated that they can give clients only limited advice about a massive federal tax overhaul underway in Congress, but predict there will be more losers than winners among individual taxpayers in the state. Continue Reading →

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Senate tax bill would have big impact on CT homeowners, small businesses

WASHINGTON – The Senate decided to go its own way in overhauling the nation’s tax code, and it’s plan would have a different impact on Connecticut taxpayers than a similar House bill. One big change is that Connecticut homeowners would no longer be able to deduct their property taxes on their federal returns. Continue Reading →

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Overtime: General Assembly to return next week for budget vote

The leaders of the House and Senate Democratic majorities gave up Wednesday on adopting a new state budget before the legislature’s constitutional adjournment deadline of midnight, instead scheduling a special session for next week to finish its business for 2016. Continue Reading →

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