You may claim a Utah earned income tax credit equal to 15 percent of your federal earned income tax credit. You cannot take the Utah credit if you do not qualify for and claim the federal credit in the same tax year.
|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 0.15||2.|
Enter the amount on line 2 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.