59-10-1042. Nonrefundable tax credit for social security benefits.

513 words·~2 min read·/ut/title-59/chapter-10/59-10-1042

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 1/1/2026

(1)As used in this section:

(a)"Head of household filing status" means the same as that term is defined in Section 59-10-1018 .

(b)"Joint filing status" means the same as that term is defined in Section 59-10-1018 .

(c)"Married filing separately status" means a married individual who:

(i)does not file a single federal individual income tax return jointly with that married individual's spouse for the taxable year; and

(ii)files a single federal individual income tax return for the taxable year.

(d)"Modified adjusted gross income" means the sum of the following for a claimant or, if the claimant's return under this chapter is allowed a joint filing status, the claimant and the claimant's spouse:

(i)adjusted gross income for the taxable year for which a tax credit is claimed under this section;

(ii)any interest income that is not included in adjusted gross income for the taxable year described in Subsection (1)(d)(i) ; and

(iii)any addition to adjusted gross income required by Section 59-10-114 for the taxable year described in Subsection (1)(d)(i) .

(e)"Single filing status" means a single individual who files a single federal individual income tax return for the taxable year.

(f)"Social security benefit" means an amount received by a claimant as a monthly benefit in accordance with the Social Security Act, 42 U.S.C. Sec. 401 et seq.

(2)Except as provided in Section 59-10-1002.2 and Subsections

(3)and

(4), each claimant on a return that receives a social security benefit may claim a nonrefundable tax credit against taxes otherwise due under this part equal to the product of:

(a)the percentage listed in Subsection 59-10-104(2) ; and

(b)the claimant's social security benefit that is included in the claimant's state taxable income for the taxable year.

(3)A claimant may not:

(a)carry forward or carry back the amount of a tax credit under this section that exceeds the claimant's tax liability for the taxable year; or

(b)claim a tax credit under this section for a taxable year if a tax credit under Section 59-10-1019 is claimed on the claimant's return for the same taxable year.

(4)The tax credit allowed by Subsection

(2)claimed on a return filed under this part shall be reduced by $.025 for each dollar by which modified adjusted gross income for purposes of the return exceeds:

(a)for a return filed under this chapter that is allowed a married filing separately status, $45,000;

(b)for a return filed under this chapter that is allowed a single filing status, $54,000;

(c)for a return filed under this chapter that is allowed a head of household filing status, $90,000; or

(d)for a return filed under this chapter that is allowed a joint filing status, $90,000.

(5)In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , the commission may make rules governing the calculation and method for claiming the tax credit described in this section.

Amended by Chapter 182 , 2025 General Session