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:
What if my Connecticut Higher Education Trust (CHET) contributions exceed the maximum for the year?
- The amount of contributions to all CHET accounts during the taxable year; or
$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
$10,000 for individuals whose filing status on their Connecticut income tax return is Married Filing Jointly or Qualifying Widow(er) with dependent child.
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.