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Utah Child Tax Credit

Starting with UltraTax CS 2024, Utah also allows for a Child Tax Credit similar to the Federal Child Tax Credit.
  • A Utah Child Tax Credit can only be claimed for dependents who qualify for the Federal Child Tax Credit under IRC 24.
  • A qualified dependent for the Utah Child Tax Credit needs to be a dependent on the last day of the tax year, for at least 1 year, and for no more than 3 years.
  • The following are the Income Thresholds for the Utah Child Tax Credit:
    • Married Filing Separately - $27,000
    • Married Filing Joint - $54,000
    • Single - $43,000
    • Qualifying surviving spouse or head of household - $43,000
    • Married Filing federal return 1040NR - $27,000
  • Utah Child Tax Credit is an Apportionable Nonrefundable Credit.
  • Utah Child Tax Credit populates on Utah Form TC-40A, Part 3, as
    code AT
    .
  • You can't carry forward or back the Utah Child Tax credit that's more than your tax liability.
  • Refer to the Form TC-40 instructions for more detail.

Utah child credit in UltraTax CS

  • There is no additional data entry required to claim the Utah Child Tax Credit.
  • Enter dependent's information on
    U.S.
    General
    1040
    Dependents and General
     in the Dependent information section.
  • UltraTax CS will automatically calculate the Utah Child Tax Credit based on the previously listed requirements (Qualifies for Federal Child Tax Credit, Age, Income etc.)
  • See the newly added
    Utah Child Tax Credit worksheet
     for the calculation of Code AT credit.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Utah

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