Utah § 59-10-1042 - Nonrefundable tax credit for social security benefits.
Full text of Utah Utah Code § 59-10-1042 — Nonrefundable tax credit for social security benefits., with citation guidance and answers to common questions.
§ 59-10-1042. Nonrefundable tax credit for social security benefits.
Effective 1/1/2026 59-10-1042.
Nonrefundable tax credit for social security benefits.
(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.
Frequently Asked Questions About Utah § 59-10-1042
What does Utah Code § 59-10-1042 cover?
Section 59-10-1042 ("Nonrefundable tax credit for social security benefits.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 59-10-1042?
A common citation format is "Utah Code § 59-10-1042" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 59-10-1042 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
