If you and or your spouse (if filing jointly) were born before or on December 31, 1952, you may claim a credit of up to $450. This Retirement Credit is limited by the total amount of your Modified Adjusted Gross Income, nontaxable interest income and any additions to income.
Is there an income limit on the Utah Retirement Credit?
The credit begins to phase out when your income exceeds:
- $16,000 for Married Filing Separate
- $32,000 for Married Filing Joint
- $25,000 for Single
- $32,000 for Head of Household or Qualifying Surviving Spouse
Note: You may not carry forward or back any Retirement Credit that is more than your tax liability.
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