UTAH ADDITIONS TO INCOME
Medical Care Savings Account
A MSA account holder should receive a form TC-675M, Statement of Withholding for Utah Medical Savings Account, from the account administrator each year contributions are made. Include the sum of lines 8 and 9 from form TC-675M to the extent the amount was deducted on your Utah return for a tax year before 2009, or was used in calculating the MSA credit on your Utah return after 2008. Keep form TC-675M with your records.
Utah Educational Savings Plan Unqualified Withdrawal (UESP)
If an amount is withdrawn from a Utah Educational Savings Plan by the taxpayer but not expended for qualified higher education costs, the withdrawn amount must be added-back to income if the amount withdrawn was deducted on your Utah return for a tax year before 2009, or was used in calculating the UESP credit on your Utah return after 2008. A UESP account holder should receive form TC-675H, Statement of Contributions and Disbursements for the Utah Educational Savings Plan, from UESP. Keep this form with your records. If you have any questions about UESP, call 801-321-7188 or 1-800-418-2551, or www.uesp.org.
Reimbursed Adoption Expenses
Include any adoption expense deducted on your Utah return for a tax year before 2009, and for which you received in the current year a reimbursement from your insurance company, a public welfare agency, a private charitable organization, or any other source.
Child's Income Excluded from Parent's Return
Parents who elect to report a child's interest and dividends on their federal return must add to their Utah income any child's income excluded from the parent's federal adjusted gross income. Use the following worksheet to calculate the add back.
1) Enter the lesser of federal form 8814, line 4 or line 5....$____________
2) Federal amount not taxed..........................................$________900_
3) Subtract line 2 from line 1. If less than zero, enter zero
Add this amount to Utah income..................................$____________
If you are adding back income that was excluded for more than one child, complete the calculation above separately for each child using their respective federal form 8814. Combine the amounts from line 3 above for each child and enter the total.
Municipal Bond Interest
Interest from certain bonds, notes and other evidences of indebtedness (commonly known as municipal bonds) issued by non-federal governmental entities outside Utah will be subject to Utah income tax if acquired on or after January 1, 2003. However, interest earned on non-Utah municipal bonds will not be subject to Utah tax if the state (or political subdivision) issuing the bonds does not impose an income tax on bonds issued by Utah. For more information, visit incometax.utah.gov/topics_municipalbonds.php.
Untaxed Income of a Resident Trust
Include any distribution received by a resident beneficiary of a resident trust of income that was taxed at the trust level for federal tax purposes, but was subtracted from state taxable income of the trust.
Untaxed Income of a Nonresident Trust
Include any distribution received by a resident beneficiary of a nonresident trust of undistributed distributable net income realized by the trust on or after January 1, 2004, if such income was taxed at the trust level for federal tax purposes, but was not taxed at the trust level by any state. Undistributed distributable net income is considered to be distributed from the most recently accumulated undistributed distributable net income.
Enter any qualified equitable adjustment needed to prevent receiving a double tax benefit. Attach an explanation of any equitable adjustment reported.