Utah has made the following changes to the tax laws for the 2019 tax year:
- Solar Energy Systems Phase-Out: The maximum Renewable Residential Energy Systems Credit for solar power systems installed in 2019 is $1600.
- FDIC Premium Deduction: The 2019 legislature passed SB 12, creating a subtraction from income for FDIC premiums that were not allowed to deduct on your 2018 and 2019 federal tax return. See page 17 of the TC-40 instructions.
- Residency and Domicile: Rules and Definitions have changed. See page 3 of TC-40 instructions.