Utah allows you to deduct any railroad retirement, disability income, unemployment income and sickness benefits received from the railroad board and reported on 1099-RRB. Effective after tax year 2020, it now allows qualified retirement plan distributions if they meet certain requirements.
Where do I enter this in the program?
To make this manual entry within the program, go to:
- State Section
- Subtractions from Income
- Subtractions from Income (again)
- Add New
- Enter amount and choose applicable retirement distribution from the drop-down menu
What else do I need to know?
Qualified Retirement Plan Distributions
Enter the amount from a qualified IRC Section 401 retirement plan distribution if included in your federal adjusted gross income, if when paid into the plan the amount was:
- taxed by another state or US possession; and
- was not included in your federal AGI
You can only exclude these amounts if they are included in your federal adjusted gross income.
You can review additional information about this Utah subtraction here.
See also Is my military pension/retirement income taxable to Utah?