Utah Code 59-10-1044. Nonrefundable earned income tax credit
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(1) As used in this section:
Terms Used In Utah Code 59-10-1044
- claimant: means a resident or nonresident person that has state taxable income. See Utah Code 59-10-1002
- Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
- Individual: means a natural person and includes aliens and minors. See Utah Code 59-10-103
- tax credit: means a tax credit that a claimant, estate, or trust may:(3)(a) claim:(3)(a)(i) as provided by statute; and(3)(a)(ii) in an amount that does not exceed the claimant's, estate's, or trust's tax liability under this chapter for a taxable year; and(3)(b) carry forward or carry back:(3)(b)(i) if allowed by statute; and(3)(b)(ii) unless otherwise provided in statute, to the extent that the amount of the tax credit exceeds the claimant's, estate's, or trust's tax liability under this chapter for a taxable year. See Utah Code 59-10-1002
- Wages: means the same as that term is defined in Section 59-10-401. See Utah Code 59-10-103
(1)(a) “Federal earned income tax credit” means the federal earned income tax credit described in Section 32, Internal Revenue Code.(1)(b) “Qualifying claimant” means a resident or nonresident individual who:(1)(b)(i) qualifies for and claims the federal earned income tax credit for the current taxable year; and(1)(b)(ii) earns income in Utah that is reported on a W-2 form.(2) Subject to Section 59-10-1002.2, a qualifying claimant may claim a nonrefundable earned income tax credit equal to the lesser of:(2)(a) 20% of the amount of the federal earned income tax credit that the qualifying claimant was entitled to claim on a federal income tax return for the current taxable year; and(2)(b) the total Utah wages reported on the qualifying claimant’s W-2 form for the current taxable year.(3) A qualifying claimant may not carry forward or carry back the amount of the earned income tax credit that exceeds the qualifying claimant’s tax liability.