If you were born before or on Dec 31, 1952 (and/or your spouse if filing jointly) you may take a credit of up to $450. This retirement credit is limited by the total amount of your Modified AGI, 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
- $25,000 for Single
- $32,000 for Married Filing Joint or Qualifying Widow(er)
- $32,000 Head of Household
You cannot carry this credit back or forward if it is more than your tax liability.
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