Tag: Tax

Sweet child of mine: Tax credits for parents

Mother kissing her smiling young daughter during fall season.
Mother kissing her smiling young daughter during fall season.

The costs of raising a child, such as for child care, general costs of living and college tuition, can really add up and are often on the rise. But parents may find some relief at tax time with tax credits for education, child care and for simply having children.

Child tax credits

Many of the tax breaks for parents pertain to child care and education, but the easiest tax break of all is for simply having children. For tax years prior to 2018, the Child Tax Credit provides up to $1,000

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Budget Approved, Homeowners Tax Bill Up Less Than $20 A Month

EAST HAVEN, CT —The East Haven Town Council approved a budget that largely reflects the budget that Mayor Joseph A. Carfora presented during his May 6 State of the Town/Budget address.

Carfora said it represents a mill rate of 34.25, which means a less than $20 per month tax increase for the average homeowner. This year’s budget reflects a strong commitment to East Haven’s first responders – it contains additional positions in the Town’s police and fire departments, which have not had a staffing increases since the 1980s. In this budget, the town provides the Board of Education approximately $2,600,000

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