State Rep. Tom O’Dea’s (R-125) office announced Tuesday, Jan. 13, he has introduced legislation that would exempt Social Security and pension benefits from the state income tax. Those state residents who earn Social Security benefits and make more than $50,000 per year if single, and $60,000 if married, are currently taxed for 25% of their total receipts.
“You can point to a number of policies that have resulted in Connecticut routinely ranking among the states least desirable to retire in,” Mr. O’Dea said in a press release. “Our taxation of pensions and Social Security benefits certainly contributes materially to making retirement in Connecticut difficult. We should be making it easier for those who have worked here their whole lives and raised their families here to be able to retire here in comfort. Right now, we are penalizing people for trying to remain in Connecticut when they retire, and that needs to change.”