Also see: Recent Info and Tax Law Changes which details recent changes in tax laws, including federal laws that affect Utah taxes.
- Solar Energy Systems Phase-out: The maximum Renewable Residential Energy Systems Credit (credit 21) for solar power systems installed in 2021 is $1,200.
- Special Needs Opportunity Scholarship Program: The 2020 legislature passed HB 4003, creating a nonrefundable tax credit for donations made to the Special Needs Opportunity Scholarship Program.
- Schedule C Removed: We have removed TC-40C (Retirement Tax Credit Schedule) from the TC-40 forms package. In place of TC-40C, use this worksheet. If you claim the retirement tax credit, be sure to enter your birthdate on TC-40A, Part 3.
- Social Security Benefits Tax Credit: The 2021 Utah Legislature passed HB 86, creating an apportionable, nonrefundable tax credit for taxable Social Security income.
- Military Retirement Tax Credit: The 2021 Utah Legislature passed SB 11, creating an apportionable, nonrefundable tax credit for taxable military retirement benefits.
- 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 2021.