Questions & Answers

How do I handle contributions to the Connecticut Higher Education Trust (CHET)?

What is the maximum contribution for the Connecticut Higher Education Trust (CHET)?
The maximum CHET contribution that may be subtracted is the lesser of:

  1. The amount of contributions to all CHET accounts during the taxable year; or
  2. $5,000 for each individual taxpayer (including individuals whose filing status on their Connecticut income tax return is Single, Head of Household, Married Filing Separately), or
  3. $10,000 for individuals whose filing status on their Connecticut income tax return is Married Filing Jointly or Qualifying Widow(er) with dependent child.

What if my Connecticut Higher Education Trust (CHET) contributions exceed the maximum for the year?
If your CHET contribution during the taxable year exceeds the maximum CHET contribution, the excess may be carried forward for the five succeeding taxable years provided the CHET contribution carried forward and subtracted from federal adjusted gross income of the succeeding taxable years does not exceed the maximum CHET contribution.

What if I contributed to more than one Connecticut Higher Education Trust (CHET) account?
If you made contributions to more than one account, you should enter only one account number.

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