Earned Income Tax Credit (code AM)

UC §59-10-1044

You may claim a Utah earned income tax credit equal to 20 percent of your federal earned income tax credit. To qualify you must:

  1. qualify for and claim the federal credit in the same tax year, and
  2. earn Utah income that is reported on a W-2.
Earned Income Tax Credit Worksheet
1. Enter your federal earned income tax credit from federal form 1040 or 1040SR, line 27 1.
2. Multiply line 1 by 0.2 2.
3. Total Utah wages shown on form W-2, box 16 3.

Enter the lesser of line 2 or line 3 on TC-40A, Part 3, using code AM.

Note: You may not carry forward or back any credit that is more than your tax liability.

Federal Earned Income Tax Credit (EITC)

The federal earned income tax credit is a refundable federal (not Utah) tax credit for certain people who work and have earned income. The credit can mean a larger refund or a reduction in your federal tax.

Check the IRS website at irs.gov/eitc or call the IRS at 1-800-829-1040 to see if you qualify.