What are the Personal Exemption Rates for Connecticut State for the Tax Year 2008?
For the Tax Year 2008, Connecticut State offers the following personal exemptions that are actually combined with the standard deductions. These combined deductionss are as follows for the following filing status as shown below;
1. For Single Taxpayers - $12,750
2. For Married Taxpayers- $24,500
3. For Each Child - None
Furthermore, Connecticut State "phases out exemptions for higher income taxpayers until they are eliminated for households earning over $56,500."