The following article details what refundable credits are available on your Utah state tax return.
Renewable Commercial Energy Systems Credit
The Renewable Energy Systems Tax Credit can be applied to both residential and commercial installations utilizing solar photovoltaic, solar thermal, wind, geothermal, hydro, and biomass technologies. The tax credit is divided into two types of incentives. The Investment Tax Credit (ITC) and the Production Tax Credit (PTC).
Special Needs Adoption Credit
You may claim a credit of up to $1,000 for the adoption of a special needs child for whom the adoption order was issued by a court of competent Jurisdiction in Utah. The credit cannot exceed the maximum $1,000 allowed regardless of the number of children that were adopted. To claim the credit, the child must be 5 years old or older, be under the age of 18 with a physical, emotional, or mental disability or be part of a sibling group.
Agricultural Off-highway Gas/Undyed Diesel Credit
If the fuel was taxed at the time it was bought and it was used to operate stationary farm engines and self-propelled farm machinery, you may claim a credit of 36.4 cents per gallon of fuel purchased.
Farm Operation Hand Tools Credit
You may claim this credit if you purchased hand tools that cost more than $250 and was used primarily and directly in a farming operation in Utah.
To make these manual entries within the program, go to:
- State Section
- Refundable Credits / Apportionable Refundable Credits
- Add New
- Enter amount and choose credit from the drop-down menu
Earned Income Credit
As of 2022, you can claim 15% of the amount of your federal earned income credit on your Utah return. This state credit is not available if you do not qualify for the federal tax credit.
For a more detailed explanation of these refundable credits, please click here.