What's new for credits?
Solar Energy Systems Phase-Out: The maximum Renewable Residential Energy Systems Credit for solar power systems installed in 2020 is $1600.
What's new for Subtractions from Income?
Qualified Retirement Plan Distribution: Any distribution from a qualified IRC Section 401 retirement plan that is included in your federal AGI in the year it was paid into the plan the amount was not included in your federal AGI and taxed by another state or US possession.
COVID-19 Grant and Loans included in AGI: You may subtract the amount of federally funded COVID-19 funds from grant or loans that were forgiven and received from the state or local government of Utah.
For more information regarding these changes, please click here.