Social Security Benefits (code AH)

UC §59-10-1042

You may qualify for this credit if you, or your spouse (if filing jointly) received taxable Social Security retirement, disability or survivor benefits. Complete the Social Security Credit Worksheet, below, to calculate this credit. You may only claim this credit for Social Security benefits included in adjusted gross income on this return.

You may not claim this credit if you (or your spouse, if filing jointly) claim the Retirement Credit (code 18). 

Social Security Credit Worksheet
1. For yourself (and/or your spouse), enter the amount from federal return 1040 or 1040-SR, line 6b; or 1040NR, Schedule NEC, line 8. 1.
2. Enter the amount from TC-40, line 6 (Total income) 4.
3. Enter municipal bond interest from TC-40, Schedule A, Part 1, code 57 5.
4. Line 2 minus line 3 6.
5. Enter tax exempt interest from federal form1040 or 1040-SR, line 2a 7.
6. Modified Adjusted Gross Income – Add lines 4 and 5 8.
7. Multiply line 1 by 0.0495 9.
8. Enter:

  1. Married filing separately: $25,000
  2. Married filing federal return 1040NR: $25,000
  3. Married filing joint: $50,000
  4. Single: $30,000
  5. Qualified widow(er) or head of household: $50,000
9. Line 6 minus line 8 (not less than zero) 11.
10. Multiply line 9 by 0.025 12.
11. Social Security Benefits Credit
Line 7 minus line 10 (not less than zero)

If claiming this credit, enter the total amount on TC-40A, Part 3, using code AH.

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