"Joint filing status" means the same as that term is defined in Section 59-10-1018.
(b)
"Head of household 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 federal individual income tax return 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)
"Qualifying child" means an individual:
(i)
with respect to whom the claimant is allowed to claim a tax credit under Section 24, Internal Revenue Code, on the claimant's federal individual income tax return for the taxable year; and
(ii)
who is under six years old on the last day of the claimant's taxable year.
(f)
"Single filing status" means a single individual who files a single federal individual income tax return for the taxable year.
(2)
Subject to Section 59-10-1002.2, a claimant may claim a nonrefundable tax credit of $1,000 for each qualifying child.
(3)
A claimant may not carry forward or carry back the amount of the tax credit that exceeds the claimant's tax liability.
(4)
The tax credit allowed by Subsection (2) claimed on a return filed under this chapter shall be reduced by $.10 for each dollar by which modified adjusted gross income for purposes of the return exceeds:
(a)
for a federal individual income tax return that is allowed a married filing separately status, $30,500;
(b)
for a federal individual income tax return that is allowed a single filing status or head of household filing status, $49,000; and
(c)
for a federal individual income tax return that is allowed a joint filing status, $61,000.
Frequently Asked Questions About Utah § 59-10-1047
What does Utah Code § 59-10-1047 cover?
Section 59-10-1047 ("Nonrefundable child tax credit.") 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 § 59-10-1047?
A common citation format is "Utah Code § 59-10-1047" (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 § 59-10-1047 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.
