 |
 |
||||||||||
| Home | About Us | Payment Options | Customer Service | States | Tax Corner | ||||||
|
||||||||||||||||||||||||
 |
|
|
Subtract the amount of any distributions that you received from the Connecticut Higher Education Trust Fund (CHET) as a designated beneficiary to the extent includable in your federal adjusted gross income.
Note: Congress passed legislation excluding from federal gross income any distribution from a qualified State tuition program (such as CHET), to the extent that the distribution is used to pay for qualified higher education expenses (Pub. L. No. 107-16, ยง402). To the extent any distribution from CHET is excluded from federal gross income, the amount should not be reported as a subtraction modification here. A taxpayer that receives a distribution from CHET in 2002 and thereafter, should not use the subtraction modification on Schedule 1 of Form CT-1040 unless the distribution is included in federal adjusted gross income.
|
