What’s New & Recent Information

Also see: Recent Info and Tax Law Changes which details recent changes in tax laws, including federal laws that affect Utah taxes.

What’s New

  • Payroll Protection Program (PPP) grant or loan addback: In certain situations you must add to your income the amount of PPP grants or loans forgiven in 2024. 
  • Nonprofit Capacity Fund: The 2023 Utah Legislature passed SB 223, creating the Nonprofit Capacity Fund Program and allowing income tax filers to contribute to it on their tax returns.
  • Child Tax Credit: The 2023 Utah Legislature passed HB 170, creating a nonrefundable child tax credit for children ages 1-3.
  • Utah tax rate: The 2024 Utah Legislature passed SB 69, lowering the income tax rate from 4.65 percent to 4.55 percent.
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