Earned income credit in Utah
Varies
Does Utah Have an Earned Income Tax Credit?
Short answer: Yes: Utah offers the Utah Earned Income Tax Credit, 20% of the federal EITC, or your total Utah W-2 wages if that is less (nonrefundable). Nonrefundable, with no carryforward or carryback. You must claim the federal EITC and have Utah wages reported on a W-2. Claim on TC-40A with code AM.
Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Earned income credit in Utah
Varies
Individuals / Personal Taxes
Yes: Utah offers the Utah Earned Income Tax Credit, 20% of the federal EITC, or your total Utah W-2 wages if that is less (nonrefundable). Nonrefundable, with no carryforward or carryback. You must claim the federal EITC and have Utah wages reported on a W-2. Claim on TC-40A with code AM.
Business justification
Yes: Utah offers the Utah Earned Income Tax Credit, 20% of the federal EITC, or your total Utah W-2 wages if that is less (nonrefundable). Nonrefundable, with no carryforward or carryback. You must claim the federal EITC and have Utah wages reported on a W-2. Claim on TC-40A with code AM. Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Category
- Personal Tax Deductions