Utah Credit for Income Tax Paid to Another State
Extracted from PDF file 2023-utah-form-tc-40s.pdf, last modified June 2014Credit for Income Tax Paid to Another State
Clear form 40308 Credit for Income Tax Paid to Another State SSN TC-40S 2023 Last name NOTE: Part-year residents rarely qualify for this credit. Nonresidents do not qualify for this credit. See instructions. FIRST STATE .00 1 Enter federal adjusted gross income taxed by both Utah and state of: 1 Federal adjusted gross income from TC-40, line 4 (see instructions) 3 Divide line 1 by line 2; round to 4 decimal places. Do not enter a number greater than 1.0000. 4 Utah income tax from TC-40, line 22. Part-year residents, see instructions. 4 .00 5 Credit limitation - multiply line 4 by decimal on line 3 5 .00 6 Actual income tax paid to state shown on line 1 Part-year residents must prorate tax paid to other state. Credit only applies to the portion of actual taxes paid to the other state on income shown on line 1. 6 .00 7 Credit for tax paid another state - lesser of line 5 or line 6 SECOND STATE 1 Enter federal adjusted gross income taxed by both Utah and state of: 2 .00 2 3 7 1 .00 2 .00 2 Federal adjusted gross income from TC-40, line 4 (see instructions) 3 Divide line 1 by line 2; round to 4 decimal places. Do not enter a number greater than 1.0000. 4 Utah income tax from TC-40, line 22. Part-year residents, see instructions. 4 .00 5 Credit limitation - multiply line 4 by decimal on line 3 5 .00 6 Actual income tax paid to state shown on line 1 Part-year residents must prorate tax paid to other state. Credit only applies to the portion of actual taxes paid to the other state on income shown on line 1. 6 .00 7 Credit for tax paid another state - lesser of line 5 or line 6 THIRD STATE 1 Enter federal adjusted gross income taxed by both Utah and state of: .00 3 7 1 .00 2 .00 2 Federal adjusted gross income from TC-40, line 4 (see instructions) 3 Divide line 1 by line 2; round to 4 decimal places. Do not enter a number greater than 1.0000. 4 Utah income tax from TC-40, line 22. Part-year residents, see instructions. 4 .00 5 Credit limitation - multiply line 4 by decimal on line 3 5 .00 6 Actual income tax paid to state shown on line 1 Part-year residents must prorate tax paid to other state. Credit only applies to the portion of actual taxes paid to the other state on income shown on line 1. 6 .00 7 Credit for tax paid another state - lesser of line 5 or line 6 .00 3 Use additional forms TC-40S if claiming credits for more than three states. Enter the total of all amounts shown on line 7 above on TC-40A, Part 4, using code 17. Submit page ONLY if data entered. Attach completed schedule to your Utah Income Tax Return. 7 .00
2023 Utah TC-40 Individual Income Tax Return
More about the Utah Form TC-40S Individual Income Tax Tax Credit TY 2023
We last updated the Credit for Income Tax Paid to Another State in January 2024, so this is the latest version of Form TC-40S, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form TC-40S directly from TaxFormFinder. You can print other Utah tax forms here.
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TaxFormFinder has an additional 55 Utah income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
Form TC-40 | Utah Individual Income Tax Return |
Form TC-40B | Schedule B - Non or Part-year Resident Utah Income Schedule |
Form TC-40A | Schedule A - Income Tax Supplemental Schedule |
Form TC-547 | Individual Income Tax Return Payment Coupon |
Form TC-131 | Statement of a person claiming refund due a deceased taxpayer |
View all 56 Utah Income Tax Forms
Form Sources:
Utah usually releases forms for the current tax year between January and April. We last updated Utah Form TC-40S from the State Tax Commission in January 2024.
Form TC-40S is an Utah Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Utah Form TC-40S
We have a total of thirteen past-year versions of Form TC-40S in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Utah TC-40 Individual Income Tax Return
2022 Utah TC-40 Individual Income Tax Return
2021 TC-40S Utah Individual Income Tax Credit for Income Tax Paid to Another State
2020 Utah TC-40 Individual Income Tax Schedule S
2019 Utah TC-40S, Credit for Income Tax Paid to Another State
2018 TC-40 Schedule S, Credit for Income Tax Paid to Another State
2017 Utah TC-40 Schedule S, Credit for Income Tax Paid to Another State
2016 TC-40, Individual Income Tax Return
2015 TC-40S, Credit for Income Tax Paid to Another State
2014 TC-40S, Credit for Income Tax Paid to Another State
2013 TC-40S, Credit for Income Tax Paid to Another State
2012 TC-40S, Credit for Income Tax Paid to Another State
2011 TC-40S, Credit for Income Tax Paid to Another State
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