Tc-40 Forms And Instructions - Individual Income Tax (Page 10 of 31) in pdf

16. Initial Credit Before Phase-out

Qualiﬁ ed Exempt Taxpayer Worksheet for Line 21

1. Enter the federal adjusted gross income from:

1)_________

Multiply line 15 by 6% (.06).

1040,

line 37

1040NR,

line 36

17. Base Phase-out Amount

1040A,

line 21

1040NR-EZ,

line 10

1040EZ,

line 4

Enter the following base phase-out amount determined by

your ﬁ ling status shown on line 1.

2. Enter your standard deduction.

2)_________

Filing Status

Base Amount

Note: If your standard deduction was limited, enter

1 - Single

$13,029

the amount allowed on your federal return. If you claimed

2 - Married ﬁ ling jointly

$26,058

itemized deductions on your federal return which were less

3 - Married ﬁ ling separately $13,029

than your federal standard deduction, enter this lessor amount.

4 - Head of household

$19,543

Federal 1040NR and 1040NR-EZ ﬁ lers, enter "0." Otherwise,

5 - Qualifying widow(er)

$26,058

see the following for your ﬁ ling status.

Single:

Enter $5,950 (if you ﬁ led federal form

18. Income Subject to Phase-out

1040EZ and checked the box on line 5, enter

the amount from line E on back of your 1040EZ form)

Subtract line 17 (the base phase-out) from line 9 (Utah taxable

income). If the result is zero or less, enter "0."

Head of Household:

Enter $8,700

Married ﬁ ling joint:

Enter $11,900 (if you ﬁ led federal

19. Phase-out Amount

form 1040EZ and checked either box on line 5, enter

Multiply line 18 by 1.3% (.013). This is the credit phase-out

the amount from line E on back of your 1040EZ form)

amount.

Married ﬁ ling separate:

If your spouse did not itemize,

enter $5,950. If your spouse itemized, enter "0."

20. Taxpayer Tax Credit

Qualifying widow(er):

Enter $11,900

Subtract the phase-out amount on line 19 from the initial credit

on line 16. If the result is zero or less, enter "0."

3. Enter your exemption amount from:

3)_________

1040,

line 42

1040NR,

line 40

21. Qualiﬁ ed Exempt Taxpayers

1040A,

line 26

1040NR-EZ,

line 13

If your federal adjusted gross income is less than or equal to

1040EZ,

if you checked either box on line 5, enter the

amount from line F on back of your 1040EZ form.

the sum of your federal exemption amount and your federal

If you are single and did not check a box on line 5, enter

standard deduction you are exempt from Utah income tax. For

$3,800. If you are married ﬁ ling jointly and did not check a

this purpose, the federal standard deduction does not include

box on line 5, enter $7,600.

the extra deductions for age, blindness, sales tax on new vehicle

4. Add lines 2 and 3

4)_________

purchase, or disaster loss.

5. Subtract line 4 from line 1. If the amount is

Complete the worksheet on this page to see if you qualify.

less than zero, enter "0."

5)_________

If the

amount on line 5 of this worksheet is more than

zero, leave

22. Utah Income Tax

the box on TC-40, line 21 blank and go to line 22.

Subtract the taxpayer tax credit on line 20 from the tax

If the

amount on line 5 of this worksheet is

zero, you are exempt

calculated on line 10. If the result is zero or less, enter "0."

from Utah income tax. Enter "X" in the box on TC-40, line 21 and enter

"0" on line 22. Then complete the balance of the return.

If you qualiﬁ ed as exempt from Utah tax (see worksheet for

line 21 on this page) and checked the box on line 21, enter "0."

25. Enter Tax

Apportionable nonrefundable credits cannot exceed the tax

____ TC-40, Page 2 ____

liability on the return.

23. Tax from Page 1

FULL-YEAR RESIDENTS - Subtract the apportionable credits

The Utah income tax shown on line 22 on page 1 is entered

on line 24 from the tax on line 23 and enter the result on line

on line 23 on page 2.

25. Do not enter an amount less than zero. Complete the rest

of the return.

24. Apportionable Nonrefundable Credits

NON OR PART-YEAR RESIDENTS – Subtract the apportion-

Apportionable nonrefundable credits can reduce your

able credits on line 24 from the tax on line 23 and enter the

income tax to zero, but cannot result in a refund.

result on TC-40B, Non or Part-year Resident Schedule, line

36. Do not enter an amount less than zero. Complete TC-40B,

The following apportionable nonrefundable credits are

enter the tax from TC-40B, line 37 on TC-40, page 2, line 25.

entered on TC-40A, Part 3. Enter the sum of all apportionable

Complete the rest of the return.

nonrefundable credits on line 24 of TC-40.

• Capital Gain Transactions Credit

See detailed instructions for the TC-40B, Non and Part-year

• Retirement Tax Credit

Resident Schedule on page 25.

• Utah Educational Savings Plan (UESP) 529 Plan Credit

26. Nonapportionable Nonrefundable

• Medical Care Savings Account (MSA) Credit

Credits

• Health Beneﬁ t Plan Credit

• Qualifying Solar Project Credit

Nonapportionable nonrefundable credits can reduce

• Gold and Silver Coin Sale Credit

your income tax to zero, but cannot result in a refund.

See instructions for TC-40A, Part 3, and an explanation of

The following nonapportionable nonrefundable credits are

each apportionable nonrefundable credit beginning on page

entered on TC-40A, Part 4. Enter the sum of all nonapportion-

17 of these instructions.

able nonrefundable credits on line 26 of TC-40.

•

At-Home Parent Tax Credit

•

Qualiﬁ ed Sheltered Workshop Cash Contribution Credit

Tc-40 Forms And Instructions - Individual Income Tax Page 10

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