us-ut/form/ustc/ty2024

(tc-40-instructions)2024 TC-40 Utah Individual Income Tax Forms and Instructions#

(tc-40-instructions)(document-1)#

Forms and Instructions Forms and Instructions TC-40 UTAH 2024 Get a faster refund! tap.utah.gov Utah State Tax Commission • 210 North 1950 West • Salt Lake City, Utah 84134 • tax.utah.gov

You Should Know: • Purchases are not exempt from tax just because you make them online. • Use tax applies to any pur- chase that sales tax would. • Your use tax rate depends on where you live. See page 10. • Grocery food is taxed at a flat 3 percent across Utah. • Some online sellers have tools to help you calculate the use tax you owe. Y S &+(&.287 DID YOU BUY ANYTHING ONLINE LAST YEAR? YOU MIGHT OWE USE TAX! 9 The Fastest Refund Possible! 9 Error-free filing! 9 The Fastest Refund Possible! 9 Error-free filing! tap.utah.gov tap.utah.gov Your one-stop shop for everything you need to file electronically. To learn more, go to: Shopping online is easy, but it’s not free. Utah loses tax revenue every year to online sales. This makes it harder for the state to pay for everything from education to healthcare. When online sellers do not collect sales tax, it becomes your responsibility to pay use tax. You must pay this use tax when you ﬁ le your Utah income tax return. See page 10 for more information and a worksheet to help you calculate how much use tax you owe. Three good reasons to e-ﬁ le: Electronic returns get processed faster than paper returns. Electronic ﬁ ling catches mistakes, ensuring your return is ﬁ led right the ﬁ rst time. If you owe taxes, you can wait to pay until April 15, 2025, no matter how early you ﬁ le your return. Still want to ﬁ le a paper return? Are you sure? Each paper return must be removed from the envelope, sorted, examined and processed by hand. If you make even a simple mistake, ﬁ xing it will add several more weeks of processing time. If we can’t ﬁ gure out how to ﬁ x your return, we will have to contact you and wait for your response before we can process your return. If you are waiting for a refund, we cannot issue it until your paper return has been manually processed and posted to your account.

1 2024 Utah TC-40 Instructions Paper Returns To avoid errors and get the fastest refund possible, ﬁ le your return electronically. If you must ﬁ le a paper return, follow these guidelines: • Use black or dark blue ink only. Do not use felt tip pen. • Enter only whole dollar amounts – no cents. • If a line or box does not apply to you, leave it blank. • Do not use dollar signs, commas or parentheses. • If entering a loss, use a minus sign in front of the number. • Sign and mail the original return – keep a copy for your records. Get Utah Forms tax.utah.gov/forms References UC Utah Code (le.utah.gov) IRC Internal Revenue Code (law.cornell.edu/uscode/26) USC U.S. Code (law.cornell.edu/uscode) Online instructions and information: incometax.utah.gov E-Verify for Employers Employers can help prevent identity theft by verifying the Social Se- curity numbers of job applicants. E-Verify is a free service of the U.S. Department of Homeland Security that veriﬁ es employment eligibility through the Internet. Employers can use E-Verify at everify.uscis.gov. Utah Taxpayer Bill of Rights Learn about your rights and responsibilities as a Utah taxpayer in Pub 2, Utah Taxpayer Bill of Rights. Get publications online at tax.utah.gov/forms. Prior Year Tax Records To get a copy of tax records from prior years, see tax.utah.gov/info/tax-record-copies. Customer Service Hours: Monday - Friday, 8:00 a.m. - 5:00 p.m. Help from tax pros: taxmaster@utah.gov Taxpayer help line: 801-297-2200

1-800-662-4335 (outside SLC area) Visit us in person: Ogden: 2540 Washington Blvd., 6th Floor Provo: 150 E Center St., #1300 SLC: 210 N 1950 W Hurricane: 100 S 5300 W Tax Commission Mailing address Mail your return to one of the following addresses: ALL RETURNS WITH PAYMENTS Utah State Tax Commission 210 N 1950 W Salt Lake City, UT 84134-0266 ALL OTHER RETURNS (including refunds) Utah State Tax Commission 210 N 1950 W Salt Lake City, UT 84134-0260 Utah Taxpayer Advocate Service The Taxpayer Advocate Service helps taxpayers who have made multiple, unsuccessful attempts to resolve concerns with the Tax Commission. This service helps resolve problems when normal agency processes break down, identiﬁ es why problems occurred, and suggests solutions. See tax.utah.gov/contact, or contact us to ﬁ nd out if you qualify for this service at 801-297-7562 or 1-800-662-4335, ext. 7562, or by email at taxpayeradvocate@utah.gov. Do not use the Taxpayer Advocate Service to bypass normal methods for resolving issues or disputes. If you need an accommodation under the Americans with Dis- abilities Act, email taxada@utah.gov, or call 801-297-3811 or TDD 801-297-2020. Please allow three working days for a response. Contents Contents TC-40 - General Instructions .............................................. 2 What's New ......................................................................... 2 Free Tax Help ..................................................................... 2 Federal Earned Income Tax Credit (EITC) ......................... 2 Who Must File ..................................................................... 2 When to File and Pay ......................................................... 2 How to File .......................................................................... 3 What to Attach and What to Keep ....................................... 3 Rounding Oﬀ to Whole Dollars ........................................... 3 Negative Numbers .............................................................. 3 Utah Domicile ..................................................................... 3 "Resident" Deﬁ ned .............................................................. 4 "Nonresident" Deﬁ ned ........................................................ 4 "Part-Year Resident" Deﬁ ned .............................................. 4 Military ................................................................................ 4 Native Americans ................................................................ 4 Students .............................................................................. 4 Income from Other States ................................................... 4 Income from Other Countries ............................................. 4 Foreign Nationals & Expatriates ......................................... 5 Injured Spouse .................................................................... 5 Innocent Spouse ................................................................. 5 Fiscal Year Filers ................................................................ 5 Amended Return (Superseded Return) .............................. 5 Federal Tax Credits ............................................................. 5 Utah Losses and Loss Carries ............................................ 6 Deadlines to Claim a Refund or Credit ............................... 6 Payment Options ................................................................ 6 TC-40 - Line-by-Line Instructions ....................................... 7 TC-40A - Supplemental Schedule Instructions ................. 16 TC-40B - Non or Part-year Resident Schedule ................ 28 TC-40W - Utah Withholding Tax Schedule ....................... 29 Special Instructions for Married Couples .......................... 31 TC-547, Payment Coupon .............................................. 32 Cover art by Randolph Prawitt

2 2024 Utah TC-40 Instructions TC-40 - General Instructions TC-40 - General Instructions What's New 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. See page 17. • Nonproﬁ t Capacity Fund: The 2023 Utah Legislature passed SB 223, creating the Nonproﬁ t Capacity Fund Program and allowing income tax ﬁ lers to contribute to it on their tax returns. See page 14. • Child Tax Credit: The 2023 Utah Legislature passed HB 170, creating a nonrefundable child tax credit for children ages 1-3. See page 22. • Utah Tax Rate: The 2024 Utah Legislature passed SB 69, lowering the income tax rate from 4.65 percent to 4.55 percent. Free Tax Help Free Tax Help Volunteer Income Tax Assistance (VITA) Volunteer Income Tax Assistance (VITA) VITA volunteers provide free tax preparation service to low-income and elderly taxpayers. Some VITA sites can ﬁ le electronically. Call 2-1-1 or 1-800-906-9887 to ﬁ nd the clos- est VITA site. Tax Counseling for the Elderly (TCE) Tax Counseling for the Elderly (TCE) TCE oﬀ ers free tax help to anyone, but gives priority to per- sons 60 years and older. Volunteers specialize in pension and retirement issues unique to seniors. See aarp.org, or call 2-1-1 or 1-888-227-7669. Earn it. Keep it. Save it. Earn it. Keep it. Save it. This coalition of statewide partners oﬀ ers free tax preparation and free online DIY tax prep to certain low-income taxpayers. See UtahTaxHelp.org. Federal Earned Income Tax Credit Federal Earned Income Tax Credit (EITC) (EITC) The federal earned income tax credit is a refundable federal (not Utah) tax credit for certain people who work and have earned income. The credit can mean a larger refund or a reduction in your federal tax. Check the IRS website at irs.gov/eitc, or call the IRS at 1-800- 829-1040 to see if you qualify. See information about the Utah earned income tax credit on page 22. Who Must File Who Must File You must ﬁ le a TC-40 return if you: 1. are a Utah resident or part-year resident who must ﬁ le a federal return, 2. are a nonresident or part-year resident with income from Utah sources who must ﬁ le a federal return, or 3. want a refund of any income tax overpaid. To ﬁ le a Utah return, ﬁ rst complete your federal return, even if you do not have to ﬁ le with the IRS. You need the federal return information to complete your Utah return. Exemptions Exemptions Qualiﬁ ed Exempt Taxpayer Qualiﬁ ed Exempt Taxpayer You may be exempt from Utah individual income tax if your federal adjusted gross income is less than your federal stan- dard deduction. See instructions for line 21. Nonresident Members of Partnerships, S Corporations Nonresident Members of Partnerships, S Corporations and Trusts and Trusts You do not need to ﬁ le a return if: 1. you are a nonresident whose only Utah source of income is from a partnership, S corporation or trust (or other pass- through entity); and 2. the partnership, S corporation, trust or other pass-through entities withheld Utah income tax on your Utah income. Nonresidents Working Temporarily in Utah Nonresidents Working Temporarily in Utah You do not need to ﬁ le a return if you (and your spouse, if ﬁ ling jointly): • are not a Utah resident, • worked in Utah for 20 days or less, • have no other source of Utah income, and • are a resident of a state that either does not have an income tax or does not tax the wages of nonresidents. You do NOT qualify for this exemption if you (or your spouse, if ﬁ ling jointly): • are a professional athlete; • are a professional entertainer; • are a person of prominence who performs services on a per-event basis; • are a real property contractor or laborer; or • in the year immediately before the current tax year, worked for a non-corporate employer (regardless of ownership or a beneﬁ ts plan) as: • a key employee, • an oﬃ cer, or • one of the 50 highest-paid employees. When to File and Pay When to File and Pay You must ﬁ le your return and pay any tax due: 1. by April 15, 2025, if you ﬁ le on a calendar year basis (tax year ends Dec. 31, 2024); or 2. by the 15th day of the fourth month after the ﬁ scal year ends, if you ﬁ le on a ﬁ scal year basis. If the due date falls on a Saturday, Sunday or legal holiday, the due date is the next business day. Note: The due date may change if the IRS changes the due date of the federal return. Check incometax.utah.gov if you have questions.

3 2024 Utah TC-40 Instructions You must pay all Utah income taxes for the tax year by the due date. You may be subject to penalties and interest if you do not ﬁ le your return on time or do not pay all income tax due by the due date. (See instructions for line 40.) Utah does not require quarterly estimated tax payments. You can prepay at any time at tap.utah.gov, or by mailing your payment with form TC-546, Individual Income Tax Prepayment Coupon. Extension of Time to File Extension of Time to File

This is NOT an extension of time to pay your taxes – it is an extension to ﬁ le your return. You get an automatic extension of up to six months to ﬁ le your return. You do not need to ﬁ le an extension form, but we will assess penalties if you have not met the prepayment requirements (see below). See instructions for line 40. All extension returns must be ﬁ led by Oct. 15, 2025. Prepayment Requirements for Filing Extension Prepayment Requirements for Filing Extension You must prepay by the original due date: • 90 percent of your 2024 tax due (TC-40, line 27 plus line 30); • 100 percent of your 2023 tax liability (2023 TC-40, line 27 plus line 30); or • 90 percent of your 2024 tax due (TC-40, line 27 plus line 30) if you did not have a Utah tax liability in 2023 or if this is your ﬁ rst year ﬁ ling. You may prepay through withholding (W-2, TC-675R, 1099-R, etc.), payments applied from previous year refunds, credits and credit carryovers, or payments made by the tax due date using form TC-546, Individual Income Tax Prepayment Coupon, or at tap.utah.gov. Interest is assessed on unpaid tax from the original ﬁ ling due date until the tax is paid in full. Penalties may also apply. How to File How to File File your Utah taxes at tap.utah.gov. If ﬁ ling on paper, mail your return to the address on page 1. What to Attach and What to Keep What to Attach and What to Keep Attach Attach Send the following with your return (also keep a copy with your tax records): • Utah Schedules

TC-40 page 3, TC-40A, TC-40B, TC-40S, and TC-40W (all that apply). • Other Adjustments

An explanation for any equitable adjustment entered on TC-40A, Part 2, code 79. • Other Forms

Attach form TC-131 if claiming a refund for a deceased taxpayer. Also attach federal form 8379 if you are claiming relief as an injured spouse (see page 5). • Tax Due

Pay any return amount due at tap.utah.gov. If paying by check or money order, include form TC-547, Individual Income Tax Return Payment Coupon (see page 32). FYI: Withholding Forms FYI: Withholding Forms You must enter withholding tax information on form TC-40W. Attach TC-40W to your return. Keep Keep Do not send forms W-2, 1099-R, 1099-MISC, Utah Schedule K-1 or TC-675R with your return. If you do not complete and submit form TC-40W with your return, processing will be de- layed and we may reject your withholding credit. Do not send a copy of your federal return, credit schedules (other than Utah schedules TC-40A, TC-40B, TC-40S and/or TC-40W), worksheets, or other documentation with your return. Recordkeeping Recordkeeping Keep copies of any receipts, tax forms, worksheets and other documentation to support any income, deduction, exemption and credit you have reported. We may ask you to provide this information later to support entries on your return. Rounding Oﬀ to Whole Dollars Rounding Oﬀ to Whole Dollars Round oﬀ cents to the nearest whole dollar. Round down if under 50 cents; round up if 50 cents and above. Do not enter cents on the return. Negative Numbers Negative Numbers When reporting losses or other negative numbers, do not use parentheses. Always indicate a negative number with a minus sign (-). Utah Utah Domicile Domicile (UC §59-10-136) (UC §59-10-136) Test 1 Test 1 You are domiciled in Utah if you or your spouse: 1. claimed a child tax credit (IRC §24) for a dependent on your federal tax return, and the dependent is enrolled in a Utah public K-12 school (this does not apply if you are the noncustodial parent and are not married to the custodial parent); 2. are enrolled as a resident student in a Utah state institution of higher education; or 3. voted in Utah during the tax year and were neither regis- tered to vote nor voted in another state. Test 2 Test 2 Even if you do not meet the conditions in Test 1, you are still domiciled in Utah if you or your spouse: 1. have a permanent home in Utah to which either of you intend to return after being absent; and

4 2024 Utah TC-40 Instructions 2. have voluntarily settled in Utah, not for a special or temporary purpose, but with the intent of making a permanent home. Whether you have a permanent home in Utah is based on a preponderance of the evidence (i.e., the evidence you have a permanent home is more convincing than any evidence you do not), taking into consideration all of the following facts and circumstances: • You or your spouse has a Utah driver’s license. • You or your spouse receive a residential exemption for a primary residence under UC §59-2, Property Tax Act. • You or your spouse claims a federal tax credit (IRC §24) for a dependent who is enrolled as a resident student in a Utah state institution of higher education. • The nature and quality of the living accommodations you or your spouse has in Utah compared to another state. • You have a spouse or dependent in Utah for whom you or your spouse claims a federal tax credit under IRC §24. • The physical location where you or your spouse earns income. • The state of registration of a vehicle owned or leased by you or your spouse. • You or your spouse has a membership in a church, club or similar organization in Utah. • You or your spouse lists a Utah address on mail, a telephone listing, a listing in an oﬃ cial government publication, other correspondence, or similar item. • You or your spouse lists a Utah address on a federal or state tax return. • You or your spouse ﬁ le a Utah income tax return as a full- year or part-year resident. • You or your spouse claims Utah residency on a document (other than a Utah income tax return) ﬁ led with or provided to a court or other government entity. • You or your spouse fails to obtain a permit or license normally required of a resident in the state where you claim to have domicile. • You are the noncustodial parent of a dependent enrolled in a Utah public K-12 school for which you claimed a child tax credit (IRC §24) on your federal tax return, and you are divorced from the custodial parent. • You maintain a place of abode (i.e., the place where you usually live) in Utah and spent 183 or more days of the tax year in Utah. • You or your spouse did not vote in Utah during the tax year but voted in Utah in any of the three prior years and were not registered to vote in another state during those three years. Spouses Spouses If your spouse has Utah domicile under Test 1 (above), you also have Utah domicile. If your spouse has Utah domicile under Test 2, you also have Utah domicile unless you can establish by a preponderance of the evidence (i.e., the evidence for your claim is more convincing than any evidence against it) that during the tax year and the three prior years you did not: 1. own property in Utah, 2. spend more than 30 total days during a year in Utah, 3. receive earned income for services performed in Utah, 4. vote in Utah, or 5. have a Utah driver’s license. You are not considered to have a spouse with Utah domicile if: 1. you and your spouse are legally separated or divorced, or 2. you and your spouse both claimed married ﬁ ling separately on your federal individual income tax returns for the tax year. You must ﬁ le a Utah income tax return (or amended return) and pay any penalty and interest that apply if you did not ﬁ le a return based upon your belief that you did not meet the domicile criteria. " " Resident" Deﬁ ned Resident" Deﬁ ned A resident is a person who is domiciled in Utah for any period during the tax year, but only for the duration of that period. "Nonresident" Deﬁ ned "Nonresident" Deﬁ ned A nonresident is a person who is not a resident. " Part-Year Resident" Deﬁ ned Part-Year Resident" Deﬁ ned A part-year resident is a person who is a resident for part of the year and a nonresident for part of the year. All income received during the period of residency is taxable in Utah, regardless of where that income is earned, unless speciﬁ cally exempted. Income from Utah sources is taxable in Utah during the period of nonresidency. Military Military Special domicile rules apply to service members and their spouses. See Pub 57, Military Personnel Instructions. Native Americans Native Americans Native Americans who earn income in Utah must ﬁ le a Utah tax return. Certain income earned by Utah Native Americans may be exempt from Utah income tax. See page 17 to see if you qualify. Students Students All Utah residency rules and ﬁ ling requirements apply to students, including Utah residents going to school in another state and non-residents attending a Utah school. Income from Other States Income from Other States Utah residents who earn income in other states must pay Utah tax on that income. You may claim a credit for income tax paid to another state if the other state also taxes the same income. See Credit for Income Tax Paid to Another State in Schedule A instructions. Income from Other Countries Income from Other Countries Utah residents who live and work abroad must pay Utah tax on income earned in other countries if the income is included in federal adjusted gross income on the federal return. There is no Utah credit for taxes paid to another country. See Federal Tax Credits, below.

5 2024 Utah TC-40 Instructions Foreign Nationals & Expatriates Foreign Nationals & Expatriates A foreign national or expatriate who meets Utah domicile and residency requirements is considered a Utah resident for tax purposes. See Utah Domicile, above. You must pay tax on income earned from Utah sources if that income is included in your adjusted gross income on your federal return. Injured Spouse Injured Spouse If your spouse had outstanding Utah tax liabilities before your marriage, any refund on a joint Utah return may be used to pay that liability. You may be able to claim part or all of a refund under the injured spouse provisions. If another state, a federal agency or another entity claimed your refund to pay a debt owed to them, contact them directly. Attach a copy of federal form 8379, Injured Spouse Alloca- tion, to the front of your joint return if claiming injured spouse provisions and a joint refund is expected to be applied (oﬀ set) to a past-due Utah tax obligation of the other spouse. See more information at tax.utah.gov/extension/innocent. Innocent Spouse Innocent Spouse If your spouse did not report income or claimed false deduc- tions or credits and you did not receive any beneﬁ t, you may be entitled to relief from your tax liability. See more information at tax.utah.gov/extension/innocent. Fiscal Year Filers Fiscal Year Filers You can be a Utah ﬁ scal year ﬁ ler only if you are a federal ﬁ scal year ﬁ ler. Utah follows the same rules and guidelines for ﬁ scal year ﬁ lers as the IRS. See IRS Publications 17, 505 and 538. Use the tax forms for the year in which your ﬁ scal year begins. Prepare your federal tax return before your Utah return. Special Utah Rules Special Utah Rules • Enter your ﬁ scal year end date on TC-40, page 3, Part 2. • Calculate your Utah taxpayer tax credit using the Utah qualiﬁ ed dependents (TC-40, page 1, box 2, line d) and the standard or itemized deductions from your ﬁ scal year federal return. Use the credit phase-out amount shown on the return for the year in which your ﬁ scal year began. • Calculate non-refundable Utah credits using amounts and facts that apply to your ﬁ scal year. For example, to claim a credit for a contribution to a my529 plan, use the amount contributed during your ﬁ scal year, but the maximum you may take is the maximum allowed for the calendar year in which your ﬁ scal year began. • Report Utah use tax for purchases during your ﬁ scal year, using the rate chart for the calendar year in which your ﬁ scal year began. • Calculate credits for withholding tax, pass-through entity withholding tax and mineral production withholding tax based on forms W-2 and 1099 for the year in which your ﬁ scal year began. Amended Return Amended Return (Superseded Return) (Superseded Return) To amend a previously-ﬁ led return, use the tax forms and instructions for the year you are amending. Get prior year forms and instructions at tax.utah.gov/forms. Enter your current address on an amended return. Amend your return if you ﬁ nd an error on your Utah or federal return, or if your federal return is adjusted by the IRS in a way that aﬀ ects your Utah return. You must amend your Utah return within 90 days of the IRS’s ﬁ nal determination. See Deadlines to Claim a Refund or Credit, below. How to Amend a 2024 Return How to Amend a 2024 Return A. On the top of TC-40, page 1, on the “Amended Return" line, enter the code number from the following list that best describes your Reason for Amending: Reason-for-Amending Codes (enter on return) Reason-for-Amending Codes (enter on return) 1 You ﬁ led an amended federal return with the IRS. Attach a copy of your amended federal return, form 1040X. (If amending for a net operating loss, do not use code 1, use code 4 - see below.) 2 You made an error on your Utah return. Attach an explanation of the error. 3 Your federal return was changed by an IRS ex- amination or adjustment and it aﬀ ects your Utah return. Attach a copy of the IRS adjustment. 4 You had a net operating loss. Utah treats net operating losses the same as the federal return. If any part of your amended return is from a net operating loss carryback, use code 4 and com- plete a return for each year you are amending. Attach a copy of your amended federal return, form 1040X or 1045. Your documentation must clearly show the year you experienced the loss. 5 Other. Attach an explanation to your return. B. Enter the corrected ﬁ gures on the return and/or schedules. C. Enter all other amounts as shown on your original return. If you received a refund on your original return, enter the amount of the previous refund on line 29 of your 2024 amended return. If you paid with the original return or made subsequent tax payments before ﬁ ling the amended return, enter the total previous payments on line 35 of your 2024 amended return. Contributions on line 28 and my529 deposits from TC-40 page 3, Part 6 cannot be changed after the original return is ﬁ led. D. Submit the amended return with all schedules, including copies of those schedules that did not change from the original ﬁ ling. E. Do not submit a copy of your original return with your amended return. Federal Tax Credits Federal Tax Credits Federal income tax credits do not have an eﬀ ect on Utah income tax. See UC §59-10-110.

6 2024 Utah TC-40 Instructions There are some situations on the federal return that let you take a tax credit instead of excluding income from adjusted gross income or taking an itemized deduction. For example: • Foreign tax credit -OR- Foreign earned income exclusion • Lifetime learning credit -OR- Tuition deductions Be aware: In these cases, if you choose to take a credit on your federal return instead of using an exclusion or deduction, you lose the tax beneﬁ t on your Utah return. Do not adjust your federal adjusted gross income or itemized deductions on your Utah return in an eﬀ ort to gain the tax advantage — report your adjusted gross income and itemized deductions exactly as they appear on your federal return. Utah Losses and Loss Carries Utah Losses and Loss Carries You must treat federal net operating losses on your Utah return in the same manner as you do on your federal return. Nonresidents and part-year residents with a Utah loss but no federal net operating loss can apportion their Utah tax for the loss year to zero on Schedule TC-40B, but may not carry the remaining loss forward or back to other years. Deadlines to Claim a Refund or Credit Deadlines to Claim a Refund or Credit (UC §§59-1-1410 and 59-10-529) (UC §§59-1-1410 and 59-10-529) To qualify for a refund or credit, you must ﬁ le a return within: • three years from the original return due date (plus exten- sions), or • two years from the payment date. For amended returns, you must ﬁ le a claim for refund or credit within: • two years after you had to ﬁ le an amended Utah return based on changes to your federal return made by the IRS, or • three years from the original due date (plus extensions) of the return of a loss year to report a net operating loss carryback. Payment Options Payment Options Online Online Easily and securely pay your tax online with your credit card, an electronic check (ACH debit), or other electronic options. On- line payments may include a service fee. Pay at tap.utah.gov. Check or Money Order Check or Money Order To pay by check or money order, mail your check or money order with your return. Make payable to the "Utah State Tax Commission" and write your daytime phone number and "2024 TC-40" on the check. Do not staple to your return. Remove any check stub before sending. Do not mail cash with your return. The Tax Commission is not liable for cash lost in the mail. If paying by mail, include a TC-547 coupon with your pay- ment. See form TC-547 on the last page of these instructions.

7 2024 Utah TC-40 Instructions TC-40 - Line-by-Line Instructions TC-40 - Line-by-Line Instructions TC-40, Page 1 NOTE: Enter your Social Security number, phone number, and ZIP+4 as straight numbers, without brackets or hyphens/ dashes. Amended Return Amended Return To amend a previously-ﬁ led return, see the instructions on page 5. Enter the "reason-for-amending" code in the ﬁ eld at the top of the return. Name, Address, Social Security Number, Name, Address, Social Security Number, Residency Residency Your name and Social Security number must match your Social Security card. If ﬁ ling married jointly or separately, also enter your spouse’s name and Social Security number. Social Security Number Social Security Number You must provide your Social Security number on your return. All information on the return is protected from unauthorized disclosure by federal and state law. If you do not have a Social Security number, enter the Individual Taxpayer Identiﬁ cation Number (ITIN) issued by the IRS. If you do not have a Social Security number or an ITIN, apply for one through the IRS, pay any tax due by the return due date, and ﬁ le a return once you have received your number. Residency Residency Report whether you are a full-year Utah resident by marking Y (yes) for resident or N (no) for non-resident or part-year resident on the line to the right of your last name. If you or your spouse answer “N,” complete and attach Schedule B, Non or Part-year Resident Schedule. See "Resident" Deﬁ ned on page 4. Foreign Address Foreign Address If your address is in a foreign country, enter the mailing ad- dress where indicated. Enter the foreign city, state/province and postal code in the City ﬁ eld. Abbreviate if necessary. Leave the State and Zip Code ﬁ elds blank. Enter only the foreign country name in the "Foreign Country" ﬁ eld. Deceased Taxpayer Deceased Taxpayer If you are ﬁ ling for a taxpayer who has died, enter the deceased person's name and Social Security number and your mailing address and telephone number. Complete TC-40, page 3, Part 1 if the taxpayer or spouse died in 2024 or 2025. Line 1. Filing Status Line 1. Filing Status If you ﬁ led federal return: • 1040 or 1040-SR, enter the code that matches the ﬁ ling status from your federal return. • 1040NR, enter “1” (Single), regardless of your marital status. • 1040NR -AND- your ﬁ ling status is qualifying surviving spouse (SS) on your federal return, enter “5” (Qualifying surviving spouse). Filing Status Codes: Filing Status Codes: 1 Single 2 Married ﬁ ling jointly 3 Married ﬁ ling separately 4 Head of household 5 Qualifying surviving spouse 9 Special Instructions for Couples (see Special Instructions for Married Couples on page 31) Line 2. Qualifying Dependents Line 2. Qualifying Dependents Qualifying dependents are those you were allowed to claim for a tax credit on federal form 1040 or 1040-SR in column (4) of the "Dependents" section (IRC §24).

In the year of a qualifying dependent’s birth, you may claim an additional dependent. To do this, count the dependent on both line 2a and line 2c. 2a Enter on line 2a the number of qualifying dependents age 16 or younger on Dec. 31, 2024. 2b Enter on line 2b the number of other persons not included in 2a for whom you were able to claim a dependent tax credit. You may not claim yourself or your spouse as other dependents. 2c Enter on line 2c the number of dependents included on line 2a who were born in 2024. 2d Add lines 2a, 2b and 2c. Line 3. Election Campaign Fund Line 3. Election Campaign Fund

(UC §59-10-1311)

(UC §59-10-1311) If your Utah income tax liability on line 27 plus line 30 is $2 or more ($4 if married ﬁ ling jointly), you may contribute $2 to the campaign fund for any of the qualiﬁ ed parties listed below. If this is a joint return, your spouse may also contribute $2 to the party of his or her choice. This contribution will not reduce your refund or increase the tax you owe. Political Party Codes: Political Party Codes: B = No Labels L = Libertarian C = Constitution M = Independent American D = Democratic R = Republican

F = Utah Forward U = United Utah G = Green Enter N if you do not want to make a contribution.

8 2024 Utah TC-40 Instructions Line 4. Federal Adjusted Gross Income Line 4. Federal Adjusted Gross Income Enter your federal adjusted gross income (FAGI) from line 11 of your federal return (1040, 1040-SR, 1040NR). Nonresidents and part-year residents: Enter the full amount of your federal adjusted gross income from your federal return (as noted above), not just your Utah income. Line 5. Additions to Income Line 5. Additions to Income Enter the total from TC-40A, Part 1. Complete TC-40A, Part 1 if you have any of the following additions to income: • Lump sum distribution • Medical care savings account (MSA) addback • my529 addback • Child's income excluded from parent's return • Municipal bond interest • Untaxed income of a resident trust • Untaxed income of a nonresident trust • Payroll Protection Program grant or loan addback • Equitable adjustments • Tax paid on behalf of a pass-through entity taxpayer Line 6. Total Income Line 6. Total Income Add line 4 and line 5. Line 7. State Tax Refund Included Line 7. State Tax Refund Included on Federal Return on Federal Return

(UC §59-10-114(2)(c))

(UC §59-10-114(2)(c)) If you itemized your deductions on your 2023 federal form 1040 or 1040-SR, enter the amount reported on your 2024 federal form 1040, Schedule 1, line 1. Otherwise, leave this line blank. Line 8. Subtractions from Income Line 8. Subtractions from Income Enter the total from TC-40A, Part 2. Complete TC-40A, Part 2 if you have any of the following subtractions from income: • Interest from Utah municipal bonds and U. S. Government obligations • Native American income • Railroad retirement income • Equitable adjustments • Nonresident active duty military pay • State tax refund distributed to beneﬁ ciary of trust • Nonresident military spouse income • FDIC Premiums • Qualiﬁ ed Retirement Plan Distributions Line 9. Utah Taxable Income/Loss Line 9. Utah Taxable Income/Loss Subtract the total of lines 7 and 8 from line 6. Line 10. Utah Tax Calculation Line 10. Utah Tax Calculation Multiply line 9 by 4.55 percent (.0455). If the result is zero or less, enter "0." Line 11. Utah Personal Exemption Line 11. Utah Personal Exemption

(UC §59-10-1018(1)(g))

(UC §59-10-1018(1)(g)) The Utah personal exemption is $2,046 per dependent. Multiply the amount on line d in box 2 by $2,046. Line 12. Federal Standard or Itemized Line 12. Federal Standard or Itemized Deductions Deductions Enter your federal standard or itemized deduction from line 12 of your federal return (1040, 1040-SR, 1040NR). Line 13. Total Exemptions and Standard/ Line 13. Total Exemptions and Standard/ Itemized Deductions Itemized Deductions Add line 11 and line 12. Line 14. State Income Tax Included in Itemized Line 14. State Income Tax Included in Itemized Deductions on Federal Schedule A Deductions on Federal Schedule A

If you claimed the standard deduction on your federal return, leave this line blank. If you took state and local income tax as an itemized deduc- tion on your federal return (1040 Schedule A, line 5a), enter that amount on line 14, up to $10,000. Do not include any sales tax that you itemized. Line 15. Total Exemptions and Federal Line 15. Total Exemptions and Federal Deductions Deductions Subtract line 14 from line 13. Line 16. Initial Credit before Phase-out Line 16. Initial Credit before Phase-out Multiply line 15 by 6 percent (.06). Line 17. Base Phase-out Amount Line 17. Base Phase-out Amount Enter the following base phase-out amount determined by your ﬁ ling status shown on line 1. Filing Status Base Amount Filing Status Base Amount Single $17,652 Married ﬁ ling jointly $35,304 Married ﬁ ling separately $17,652 Head of household $26,478 Qualifying surviving spouse $35,304 Line 18. Income Subject to Phase-out Line 18. Income Subject to Phase-out Subtract line 17 from line 9. If the result is zero or less, enter "0". Line 19. Phase-out Amount Line 19. Phase-out Amount Multiply line 18 by 1.3 percent (.013). This is the credit phase- out amount. Line 20. Taxpayer Tax Credit Line 20. Taxpayer Tax Credit Subtract the phase-out amount on line 19 from the initial credit on line 16. If the result is zero or less, enter "0". Line 21. Qualiﬁ ed Exempt Taxpayers Line 21. Qualiﬁ ed Exempt Taxpayers If your federal adjusted gross income is less than or equal to your federal standard deduction, you are exempt from Utah income tax. For this purpose, the federal standard deduction does not include the extra deductions for age or blindness.

9 2024 Utah TC-40 Instructions Complete the worksheet to see if you qualify. Qualiﬁ ed Exempt Taxpayer Worksheet (Line 21) Qualiﬁ ed Exempt Taxpayer Worksheet (Line 21) 1. Enter the federal adjusted gross income from line 11 of your federal return 1 _________ (1040, 1040-SR, 1040NR) 2. Enter your standard deduction. 2 _________

Note: If your standard deduction was limited, enter the amount allowed on your federal return. Federal 1040NR ﬁ lers enter "0". Otherwise, see the following for your ﬁ ling status: a. Single: Enter $14,600 b. Head of Household: Enter $21,900 c. Married ﬁ ling joint: Enter $29,200 d. Married ﬁ ling separate: If your spouse did not itemize, enter $14,600. If your spouse itemized, enter "0" e. Qualifying surviving spouse: Enter $29,200 3. Subtract line 2 from line 1. If the amount is less than zero, enter "0". 3 _________ If the amount on line 3 of this worksheet is more than zero, leave the box on TC-40, line 21 blank and go to line 22. If the amount on line 3 of this worksheet is zero, you are exempt from Utah income tax. Enter "X" in the box on TC-40, line 21 and enter "0" on line 22. Then complete the rest of the return. Line 22. Utah Income Tax Line 22. Utah Income Tax Subtract the taxpayer tax credit on line 20 from the tax calculated on line 10. If the result is zero or less, enter "0". If you qualiﬁ ed as exempt from Utah tax (see worksheet for line 21) and checked the box on line 21, enter "0". TC-40, Page 2 Line 23. Tax from Page 1 Line 23. Tax from Page 1 Enter the Utah income tax from line 22 (page 1). Line 24. Apportionable Nonrefundable Credits Line 24. Apportionable Nonrefundable Credits Enter the total from TC-40A, Part 3. Complete TC-40A, Part 3 if you can claim any of these credits: • Capital gain transactions credit • Retirement credit • my529 credit • Health beneﬁ t plan credit • Gold and silver coin sale credit • Social Security beneﬁ ts credit • Military retirement credit • Earned income tax credit • Nonrefundable adoption expenses credit • Child tax credit

Apportionable nonrefundable credits can reduce your income tax to zero, but cannot result in a refund. See instructions for TC-40A, Part 3 on page 18. Line 25. Enter Tax Line 25. Enter Tax Full-year residents: Subtract line 24 from line 23 and enter the result. Do not enter an amount less than zero. Complete the rest of the return. Nonresidents and part-year residents: Subtract line 24 from line 23 and enter the result on TC-40B, Non or Part-year Resident Schedule, line 40. Do not enter an amount less than zero. Complete TC-40B and enter the tax from TC-40B, line 41 on TC-40, line 25. Complete the rest of the return. See instructions for TC-40B on page 28. Line 26. Nonapportionable Nonrefundable Line 26. Nonapportionable Nonrefundable Credits Credits Enter the total from TC-40A, Part 4. Complete TC-40A, Part 4 to claim any of these credits: • At-home parent credit • Qualiﬁ ed sheltered workshop cash contribution credit • Historic preservation credit • Credit for increasing research activities in Utah • Carryforward of credit for machinery and equipment used to conduct research • Credit for income tax paid to another state • Live organ donation expenses credit • Renewable residential energy systems credit • Combat related death credit • Veteran employment credit • Employing persons who are homeless credit • Achieving a Better Life Experience (ABLE) program credit • Military survivor beneﬁ ts credit • Carson Smith Opportunity Scholarship Program credit • Pass-through entity taxpayer income tax credit

Nonapportionable nonrefundable credits can reduce your income tax to zero, but cannot result in a refund. See instructions for TC-40A, Part 4, on page 22. Line 27. Subtract Line 26 from Line 25 Line 27. Subtract Line 26 from Line 25 If the total credits on line 26 is more than or equal to the tax on line 25, enter "0". Line 28. Voluntary Contributions Line 28. Voluntary Contributions Enter the total of your voluntary contributions from TC-40, page 3, Part 4. The contributions will add to your tax due or reduce your refund. Once made, you cannot change a contribution on an amended return. Line 29. Amended Return Only - Line 29. Amended Return Only - Previous Refund Previous Refund This line is only for an amended return. Enter the total of all refunds, credits, and oﬀ sets of state income tax received for the tax year being amended. Do not include refund interest.

10 2024 Utah TC-40 Instructions Line 30. Recapture of Low-Income Line 30. Recapture of Low-Income Housing Credit Housing Credit If you claimed the Utah low-income housing credit in a previous year and then disposed of the building or an ownership interest, or if the qualiﬁ ed basis of the building has decreased, you may have to recapture the credit. If you are required to recapture a portion of your federal low income housing credit, you must also recapture a portion of your Utah low income housing credit. Complete the following worksheet. Tax from Recapture of Low-Income Tax from Recapture of Low-Income Housing Credit Worksheet Housing Credit Worksheet 1. Federal net recapture tax

(federal form 8611, line 10) 1 _________ 2. Credits subject to recapture

(federal form 8611, line 3) 2 _________ 3. Divide line 1 by line 2 3 _________ 4. Total low-income housing credits actually

taken over the life of the project on all

Utah returns

4 _________ 5. Total – multiply line 3 by line 4 5 _________ Enter this amount on TC-40, line 30. Line 31. Utah Use Tax Line 31. Utah Use Tax Use tax is a tax on goods and taxable services purchased for use, storage or other consumption in Utah during the tax year and applies only if sales tax was not paid at the time of purchase. If you purchased an item from an out-of-state seller (including Internet, catalog, radio and TV purchases) and the seller did not collect sales tax on that purchase, you must pay the use tax directly to the Tax Commission. If you have a Utah sales tax license/account, include the use tax on your sales tax return. If you do not have a Utah sales tax license/ account, report the use tax on line 31 of TC-40. You may take a credit for sales or use tax paid to another state (but not a foreign country). The credit may not be greater than the Utah use tax you owe. If you paid sales tax to more than one state, complete the Use Tax Worksheet below for each state. Add lines 8 on all worksheets, and enter the total on line 31. Use Tax Worksheet Use Tax Worksheet 1. Amount of purchases (except grocery food) subject to use tax 1 _________ 2. Use tax rate

(decimal from Use Tax Rate Chart) 2 . __ __ __ __ 3. Multiply line 1 by line 2 3 _________ 4. Amount of grocery food purchases

subject to use tax 4 _________ 5. Multiply line 4 by 3% (.03) 5 _________ 6. Add line 3 and line 5 6 _________ 7. Credit for sales tax paid to another state

on use tax purchases 7 _________ 8. Use tax due (subtract line 7 from line 6) 8 _________ (If less than zero, enter "0.") Sales and use tax rates vary throughout Utah. Use the Use Tax Rate Chart below to get the rate for the location where the merchandise was delivered, stored, used, or consumed. Use the county tax rate if the city is not listed. The tax on grocery food is 3 percent. Grocery food is food sold for ingestion or chewing by humans and consumed for taste or nutrition. Grocery food does not include alcoholic beverages or tobacco. See Pub 25, Sales and Use Tax, for more information. .0635 Beaver County .0735 Beaver City, UIPA Min Mt - Beaver City .0635 Box Elder County .0665 Brigham City, Mantua, Perry, Willard, UIPA GS - Brigham .0735 Snowville .0670 Cache County .0695 Cache Valley Transit, Hyde Park, Lewiston, Millville .0700 Hyrum, Logan, Nibley, N. Logan, Providence, Richmond, River Heights, Smithfield .0635 Carbon County .0645 Helper .0675 Price .0665 Wellington .0765 Daggett County .0875 Dutch John .0715 Davis County .0725 Bountiful, Centerville, Clearfield, Clinton, Farmington, Kaysville, Layton, N. Salt Lake, S. Weber, Syracuse, W. Bountiful, Woods Cross .0635 Duchesne County .0645 Duchesne City .0675 Roosevelt .0635 Emery County .0825 Green River, UIPA CC - Gr. River .0735 Garfield County .0835 Boulder, Panguitch, Tropic .0855 Bryce Canyon .0845 Escalante .0685 Grand County .0885 Moab .0665 Iron County .0865 Brian Head .0675 Cedar City, Parowan .0635 Juab County .0665 Eureka .0675 Mona, Nephi .0670 Santaquin South .0735 Kane County .0845 Kanab, Big Water .0835 Orderville .0635 Millard County .0675 Fillmore .0670 Morgan County .0695 Morgan City .0635 Piute County .0635 Rich County .0795 Garden City .0725 Salt Lake County .0885 Alta .0835 Brighton .0745 Murray, So. SL, So. SL HTRZ .0775 Salt Lake City, Inland Port SLC, SLC Convention Hotel, SLC HTRZ .0935 MIDA Sundance - SLC .0635 San Juan County .0675 Blanding, Monticello .0745 Bluff .0635 Sanpete County .0645 Centerfield, Mayfield .0675 Ephraim, Fairview, Gunnison, Mt. Pleasant .0665 Manti .0635 Sevier County .0645 Aurora, Redmond .0665 Koosharem, Monroe .0675 Richfield, Salina .0715 Summit County .0905 Park City .0745 Snyderville Basin Transit .0660 Tooele County .0690 Erda, Lakepoint City, Lakepoint Transit, Lincoln, Stansbury Park .0700 Grantsville, Tooele City, UIPA Twenty Wells .0645 Uintah County .0695 Naples, Vernal .0735 Utah County .0745 Alpine, American Fork, Cedar Hills, Highland, Lehi, Lindon, Orem, Payson, Pleasant Grove, Provo, Santaquin, Spanish Fork, Springville, UIPA Verk - Sp. Fork, ULA Lehi, ULA Lindon, ULA Provo, ULA Vineyard, Vineyard, Vineyard HTRZ .0895 MIDA Sundance - Ut. Co. .0695 Wasatch County .0805 Heber .0755 Independence, Mil. Rec. Wasatch, Mil. Rec. Hideout, Mil. Rec. MWR Hotel, Mil. Rec. GAEC PID .0835 Midway .0885 Park City East .0645 Washington County .0675 Hurricane, Ivins, La Verkin, St. George, Santa Clara, Washington City .0805 Springdale .0745 Virgin .0635 Wayne County .0665 Bicknell, Loa, Torrey .0725 Weber County .0745 Falcon Hill Riverdale, Riverdale Use Tax Rate Chart (Effective Dec. 31, 2024) Line 32. Total Tax, Use Tax and Additions to Line 32. Total Tax, Use Tax and Additions to Tax Tax Add lines 27 through 31. Line 33. Total Withholding Line 33. Total Withholding If you have mineral production withholding or pass- through entity withholding: Complete TC-40 page 3, Part 5. Enter the total from Part 5 on line 33.

11 2024 Utah TC-40 Instructions If you have only Utah income tax withholding: Enter on line 33 the total from form TC-40W, Part 1. Complete TC-40W, Part 1, listing each W-2 and 1099 with Utah withholding tax. If you have more than four withholding forms, use additional TC-40Ws. See instructions for TC-40W on page 29. Keep withholding forms with your records. Do not attach them to your return. Processing will be delayed and we may reject your withholding credit if you do not complete form TC-40W, Part 1 with all required information. Line 34. Credit for Utah Income Tax Prepaid Line 34. Credit for Utah Income Tax Prepaid Prepayments include payments made with form TC-546, In- dividual Income Tax Prepayment Coupon, and any amount of the previous year’s refund applied to your current tax liability. Line 35. Amended Return Only - Previous Line 35. Amended Return Only - Previous Payment Payment Use this line only for an amended return. Enter the total tax paid with the original return plus any later tax payments for the tax year being amended. Do not include on this line any penalty, interest or fees paid on the previous return. Line 36. Nonapportionable Refundable Line 36. Nonapportionable Refundable Credits Credits Enter the total from TC-40A, Part 5. Complete TC-40A, Part 5 to claim any of the following credits: • Renewable commercial energy systems credit • Agricultural oﬀ -highway gas/undyed diesel credit • Farm operation hand tools credit See instructions for TC-40A, Part 5, on page 26. Line 37. Apportionable Refundable Credits Line 37. Apportionable Refundable Credits Enter the amount from TC-40A, Part 6, line c. Complete TC-40A, Part 6 to claim any of the following credits: • Refundable adoption expenses See instructions for TC-40A, Part 6, on page 27. Line 38. Total Withholding and Refundable Line 38. Total Withholding and Refundable Credits Credits Add lines 33 through 37. Line 39. Tax Due Line 39. Tax Due If line 32 is more than line 38, subtract line 38 from line 32. This is the tax you owe. Line 40. Penalty and Interest Line 40. Penalty and Interest If you are ﬁ ling your return or paying any tax late, you may owe penalties and interest. To calculate your penalty and interest, follow the instructions in Pub 58, Utah Interest and Penalties (tax.utah.gov/forms). We will send you a bill if you do not pay the penalties and interest with your return or if the penalty and/or interest is calculated incorrectly. Penalties Penalties You may have to pay a penalty for not ﬁ ling your return by the due date, not paying tax due on time, not pre-paying enough on an extension return, and not ﬁ ling information returns or supporting schedules (UC §59-1-401). The penalties are a per- centage of the unpaid tax, based on the number of days late. The penalty for underpaying an extension prepayment is 2 percent of the unpaid tax per month of the extension period. If the return is not ﬁ led by the extension due date, failure to ﬁ le and pay penalties will apply as if the extension had not been granted. There is no late ﬁ ling penalty (including on an amended return) if you have no tax due on the return. Interest Interest Interest is in addition to penalties due. Calculate interest from the due date (April 15, 2025) to the date paid. The 2025 inter- est rate is 6 percent. Line 41. Total Due - Pay This Amount Line 41. Total Due - Pay This Amount Add any penalty and interest you owe on line 40 to the tax on line 39. This is your total due. For payment options and instructions, see Payment Options on page 6. Line 42. Refund Line 42. Refund If line 38 is more than line 32, subtract line 32 from line 38. This is your refund. Note: Your refund may be applied to any outstanding federal or state debt owed. Check your Utah refund status at tap.utah.gov. Line 43. Voluntary Subtractions from Refund Line 43. Voluntary Subtractions from Refund If you want to deposit all or part of your refund into a my529 account(s) (see page 14), or if you want to apply all or part of your refund as a prepayment of your 2025 Utah income tax liability, complete TC-40 page 3, Part 6. Enter the total from Part 6 on line 43. The amount on line 43 cannot be greater than the amount on line 42. Line 44. Remaining Refund Direct Deposit Line 44. Remaining Refund Direct Deposit If you want your refund (or remaining refund) deposited directly into your checking or savings account, enter your bank or credit union’s routing number and your account number. Do not include hyphens, spaces or special symbols. See the Direct Deposit Example (below) to ﬁ nd the routing and account numbers on your check. Your ﬁ nancial institution can also provide this information. Indicate whether you want your refund deposited into your checking or savings account, or if the account is foreign (outside of the United States or its territories). We cannot transfer funds outside of the United States, so if you mark “foreign” you will receive your refund as a check. If we cannot direct deposit your refund we will mail you a refund check to the address on your return. Completing the Return Completing the Return Signature Signature You must sign your return. If ﬁ ling a joint return, both you and your spouse must sign. Not signing the return will delay your refund.

12 2024 Utah TC-40 Instructions Signature for Deceased Signature for Deceased If your spouse died in 2024 or 2025 before ﬁ ling your return and you are ﬁ ling a joint return, write “DECEASED” in the signature block for your spouse. See more on page 13. If you are not a surviving spouse and are claiming a refund for the deceased taxpayer, sign the return and attach form TC-131. Third Party Designee Third Party Designee If you want a friend, family member or other person to discuss your return with the Tax Commission, enter their name and phone number in the Third Party Designee area (page 2 of your return). Also, enter a number (up to ﬁ ve digits) as a personal identiﬁ cation number (PIN). If you want the paid preparer who signed your return as the third party designee, enter "Preparer" in the designee's name area. If you ﬁ ll in the Third Party Designee area, you (and your spouse if ﬁ ling a joint return) authorize the Tax Commission to call the designee with questions that may arise while processing your return. You also authorize the designee to: 1. give the Tax Commission any missing information from your return; 2. call the Tax Commission for information about the processing of your return or the status of your refund or payment(s); 3. receive copies of notices or transcripts related to your return, upon request; and 4. respond to certain Tax Commission notices about math errors, oﬀ sets and return preparation. You are not authorizing the designee to receive any refund, bind you to anything (including any additional tax liability), or otherwise represent you before the Tax Commission. The authorization automatically ends on the due date for ﬁ ling your next year's tax return (without regard to extensions). If you want to change the designee's authorization, complete and submit TC-737, Power of Attorney and Declaration of Representative (tax.utah.gov/forms). If you want to revoke the authorization before it ends, submit your request in writing to the Utah State Tax Commission, attention Taxpayer Services, 210 N 1950 W, SLC, UT 84134. Paid Preparer Requirements Paid Preparer Requirements A paid preparer must enter his or her name, address, and PTIN in the section below the taxpayer's signature. Preparer Electronic Filing Requirements Preparer Electronic Filing Requirements (UC §59-10-514.1) (UC §59-10-514.1) If a preparer (or two or more preparers aﬃ liated together in the same establishment) prepared over 100 returns in a prior calendar year, the preparer(s) must submit all of their Utah individual income tax returns electronically. Exceptions apply for taxpayers who choose not to ﬁ le electronically and for un- due hardship on the preparer in conforming to this provision (see form TC-831). Preparer Penalties Preparer Penalties (UC §§59-1-401(11)-(12)) (UC §§59-1-401(11)-(12)) The person who prepares, presents, procures, advises, aids, assists, or counsels another on a return, aﬃ davit, claim, or similar document administered by the Tax Commission, and who knows or has reason to believe it may understate a tax, fee or charge, is subject to both a civil penalty ($500 per document) and criminal penalties (second degree felony with a ﬁ ne from $1,500 to $25,000). Paper Returns Paper Returns If you ﬁ le a paper return, allow at least 90 days for it to be processed. Mail your paper return, plus any schedules, payment and payment coupon, to: Refund Return Utah State Tax Commission

210 N 1950 W

Salt Lake City, UT 84134-0260 Tax-due Return Utah State Tax Commission

210 N 1950 W

Salt Lake City, UT 84134-0266 FYI: IRS FYI: IRS All information on your return is compared to infor- mation ﬁ led with the IRS. JOHN J.TAXPAYER MARY S.TAXPAYER 900 N 500 W My Town, UT 84000 JOHN J.TAXPAYER MARY S.TAXPAYER 900 N 500 W My Town, UT 84000 1234 PAY TO THE ORDER OF PAY TO THE ORDER OF FOR MY TOWN BANK My Town, UT 84000 MY TOWN BANK My Town, UT 84000 DOLLARS $ Routing number Routing number Account number Account number Do not include the check number Do not include the check number 250250025 0 00009876543 1 234 2 X 9 5 8 0 0 0 0 7 2 6 0 5 5 0 0 4 0 3 2 5 Routing number Account number Enter "X" for bank account type Savings Checking Direct Deposit Example for Line 45

13 2024 Utah TC-40 Instructions TC-40, Page 3 Submit TC-40, page 3 ONLY if you have entered information on the form. Do NOT submit TC-40, page 3 if it is blank.     Part 1 – Deceased Taxpayer Information Part 1 – Deceased Taxpayer Information A return must be ﬁ led for a deceased person who would have been required to ﬁ le an income tax return. The personal rep- resentative, executor, administrator, legal representative, or surviving spouse must sign and ﬁ le the ﬁ nal return and any other returns still due. If you are ﬁ ling the deceased taxpayer’s return as single, married separate, head of household, or qualifying surviving spouse, and they died in 2024 or 2025 before ﬁ ling the tax return, enter the taxpayer’s date of death (mm/dd/yy) on the ﬁ rst line of TC-40, page 3, Part 1. If you are the surviving spouse ﬁ ling a joint return with the taxpayer who died in 2024 or 2025 before ﬁ ling the tax return, enter the deceased taxpayer’s date of death (mm/dd/yy) on TC-40, page 3, Part 1: 1. Line 1 if the deceased person was the primary taxpayer shown on TC-40, page 1; or 2. Line 2 if the deceased person was the spouse shown on TC-40, page 1. Write “DECEASED” in the signature block on TC-40, page 2 for the deceased taxpayer and sign the return. If you are not a surviving spouse and are claiming a refund for the deceased taxpayer, enter an "X" on TC-40 page 3, Part 1. Sign the return and attach form TC-131, Statement of Person Claiming Refund Due a Deceased Taxpayer.  Part 2 – Fiscal Year End Date Part 2 – Fiscal Year End Date Leave this ﬁ eld blank if you are a calendar year ﬁ ler (your tax year ends on December 31). If you ﬁ le your return on a ﬁ scal year basis (a 12-month period ending on the last day of any month except December), enter your ﬁ scal year-end date (two-digit month and two-digit year). See Fiscal Year Filers on page 5.  Part 3 – Federal Form 8886 Part 3 – Federal Form 8886 If you ﬁ led federal form 8886, Reportable Transaction Disclosure Statement, with the IRS, enter an "X" in Part 3.  Part 4 – Voluntary Contributions Part 4 – Voluntary Contributions You may contribute to any of the following approved causes. Contributions will add to your tax due or reduce your refund. Once made, you cannot change a contribution on an amended return. Leave the entire Part 4 blank if you are not contributing to any of the accounts. Write the code and amount of each contribution on the lines in Part 4. Add your contributions and enter the total on TC-40, line 28. Codes for Contributions Codes for Contributions 02 Pamela Atkinson Homeless Account 03 Kurt Oscarson Children's Organ Transplant Account 05 School District and Nonproﬁ t School Dist. Foundation 15 Clean Air Fund 16 Governor's Suicide Prevention Fund 17 Nonproﬁ t Capacity Fund See below for an explanation of each contribution. (02) Pamela Atkinson Homeless Account (02) Pamela Atkinson Homeless Account

(UC §59-10-1306)

(UC §59-10-1306) Contributions help fund services and programs to help Utahns become self-suﬃ cient. For more information, contact: Department of Workforce Services PO Box 45249 Salt Lake City, UT 84145-0249 jobs.utah.gov/htf/index.html (03) Kurt Oscarson Children’s Organ Transplant (03) Kurt Oscarson Children’s Organ Transplant Account Account

(UC §59-10-1308)

(UC §59-10-1308) Contributions provide ﬁ nancial help to families of children needing an organ transplant. For more information, contact: Utah Department of Health and Human Services Oﬃ ce of Children with Special Health Care Needs Kurt Oscarson Children’s Organ Transplant Fund 195 N 1950 W PO Box 144610 Salt Lake City, UT 84114-4610 385-310-5238 kocotf@utah.gov familyhealth.utah.gov/cshcn/kocotf/ (05) School District and Nonproﬁ t School District (05) School District and Nonproﬁ t School District Foundation Foundation

(UC §59-10-1307) (UC §59-10-1307) Contributions help fund private, nonproﬁ t school district foundations that promote the following: partnership activities between schools and communities; charitable giving activities to speciﬁ c educational programs; and opportunities for scientiﬁ c, educational, literary, and improvement objectives. Your contribution goes to the school district if there is no nonproﬁ t foundation. Enter a code for the school district/ foundation (from the list below) in the SCHOOL DIST. CODE box to the right of the amount.

14 2024 Utah TC-40 Instructions School District Codes for "SCHOOL DIST. CODE" box School District Codes for "SCHOOL DIST. CODE" box 01 Alpine 11 Grand 22 N. Sanpete 33 S. Summit 02 Beaver 12 Granite 23 N. Summit 34 Tintic 03 Box Elder 13 Iron 24 Ogden 35 Tooele 04 Cache 14 Jordan 25 Park City 36 Uintah 42 Canyons 15 Juab 26 Piute 41 Utah Assistive 05 Carbon 16 Kane 27 Provo

Technology 06 Daggett 17 Logan 28 Rich 37 Wasatch 07 Davis 18 Millard 29 Salt Lake 38 Washington 08 Duchesne 19 Morgan 30 San Juan 39 Wayne 09 Emery 20 Murray 31 Sevier 40 Weber 10 Garﬁ eld 21 Nebo 32 S. Sanpete (15) Clean Air Fund (15) Clean Air Fund

(UC §59-10-1319)

(UC §59-10-1319) Contributions are disbursed to the Utah Division of Air Qual- ity to fund: 1. grants to individuals or organizations in Utah for activities to improve Utah air quality; or 2. public educational programs about the importance of air quality for the health, well-being and livelihood of Utah residents. For more information, contact: Utah Division of Air Quality Department of Environmental Quality PO Box 144820 Salt Lake City, UT 84114-4820 801-536-4019 (16) Governor’s Suicide Prevention Fund (16) Governor’s Suicide Prevention Fund

(UC §59-10-1320)

(UC §59-10-1320) Contributions fund mental health crisis response improve- ments, suicide risk factor reductions and protection factors associated with suicide reduction. For more information, contact: Utah Department of Health & Human Services Oﬃ ce of Substance Use and Mental Health 288 N 1460 W Salt Lake City, UT 84116 801-538-3939 (17) Nonproﬁ t Capacity Fund (17) Nonproﬁ t Capacity Fund

(UC §59-10-1321)

(UC §59-10-1321) Contributions fund the Nonproﬁ t Capacity Grant Program, which provides grants to nonproﬁ t support organizations. For more information, contact: Department of Cultural and Community Engagement 3760 S Highland Dr Millcreek, UT 84106 801-245-7202 community.utah.gov  Part 5 – Withholding Part 5 – Withholding Complete Part 5 if you have mineral production withholding or pass-through entity withholding. 1. Utah Income Tax Withheld 1. Utah Income Tax Withheld Enter the total from TC-40W, Part 1. Complete TC-40W, Part 1, listing each W-2 and 1099 with Utah withholding tax. If you have more than four withholding forms, use additional TC-40Ws. See instructions for TC-40W on page 29. 2. Mineral Production Withholding Tax Credit 2. Mineral Production Withholding Tax Credit (UC §59-6-102(3)) (UC §59-6-102(3)) Enter the total from TC-40W, Part 2. Complete TC-40W, Part 2 if you are claiming credit for Utah mineral production withholding tax. The mineral production company on form TC-675R must provide the following information to you: 1. the company's federal employer identiﬁ cation number (EIN), 2. the company's Utah mineral production withholding account number, and 3. your share of the mineral production withholding tax. Keep all TC-675Rs and Utah Schedule K-1(s) with your records. Do not attach them to your return. Processing will be delayed, and we may reject your mineral production withholding credit if you do not complete TC-40W, Part 2 with all required information. See instructions for TC-40W, Part 2 on page 30. 3. Pass-through Entity Withholding Tax Credit 3. Pass-through Entity Withholding Tax Credit (UC §59-10-1103) (UC §59-10-1103) Enter the total from TC-40W, Part 3. Complete TC-40W, Part 3 if you are claiming credit for any Utah income tax withheld or paid on your behalf by a pass- through entity (partnership, LLC, LLP, S corporation or trust) to which you belong. Keep Utah Schedule K-1 and all other related documents with your records. Do not attach them to your return. Processing will be delayed, and we may reject your withholding credit if you do not complete TC-40W, Part 3 with all required information. See instructions for TC-40W, Part 3 on page 30. Total Total Add the amounts and enter the total here and on TC-40, page 2, line 33. Keep withholding forms with your records. Do not attach them to your return. Processing will be delayed and we may reject your withholding credit if you do not complete form TC-40W with all required information.  Part 6 – Voluntary Subtractions from Refund Part 6 – Voluntary Subtractions from Refund 1. my529 1. my529 (UC §59-10-1313) (UC §59-10-1313) If you own a my529 account, you may contribute all or part of your refund to your my529 account(s) by entering the amount you want deposited. The deposit will be sent to my529 with your name, address and Social Security number as identiﬁ cation. my529 will deposit your refund into your my529 account(s). If you have multiple my529 individual accounts under your Social Security number, your refund will be divided equally among all your individual accounts. Both Social Security numbers from a joint return will be matched to existing my529 individual accounts for dividing the refund.

15 2024 Utah TC-40 Instructions If you enter an amount on this line but do not own a my529 individual account, my529 will send you information to open an account. You may also visit my529.org or call 1-800-418-2551 to open an account. If you do not open an account within the designated time frame, my529 will return your refund to you without interest or earnings. Note: Your refund will not be contributed to your my529 individual account until your return has ﬁ nished process- ing, which may take up to 90 days. Any outstanding federal or state debt you owe may be subtracted from your refund before it is contributed to your my529 individual account(s). The refund will be treated as a current-year contribution in the year contributed. For more information about my529 accounts, see my529.org or call 1-800-418-2551. 2. Refund Applied To 2025 Taxes 2. Refund Applied To 2025 Taxes You may apply all or part of your refund as a prepayment for your 2025 Utah income tax liability. Enter the amount of refund you want applied to your 2025 tax on this line. If you change your mind, you must mail a written request to: Taxpayer Resources Utah State Tax Commission 210 N 1950 W Salt Lake City, UT 84134-7000 Total Total Add the two amounts and enter the total here and on TC-40, page 2, line 43. Note: This amount may not be greater than the amount on line 42. We will refund any amount left over, unless you have other outstanding government obligations.  Part 7 – Property Owner’s Residential Part 7 – Property Owner’s Residential Exemption Termination Declaration Exemption Termination Declaration You must notify the county when you have a primary residential property on which you have claimed the homeowner’s exemp- tion and to which you are no longer entitled. You must also report on your Utah income tax return that you no longer qualify for the homeowner’s exemption on your primary residence. Note: Do not complete Part 7 if you change your primary residence and were entitled to claim the homeowner’s ex- emption on your former residence and are entitled to claim the homeowner’s exemption on your new residence. If you are unsure about your homeowner’s exemption qualiﬁ cation, contact the county assessor’s oﬃ ce. Enter "X" in Part 7 if you no longer are entitled to the home- owner’s exemption, and enter the code from the chart below for the county in which the property is located. County Codes County Codes 01 Beaver 11 Iron 21 Sevier 02 Box Elder 12 Juab 22 Summit 03 Cache 13 Kane 23 Tooele 04 Carbon 14 Millard 24 Uintah 05 Daggett 15 Morgan 25 Utah 06 Davis 16 Piute 26 Wasatch 07 Duchesne 17 Rich 27 Washington 08 Emery 18 Salt Lake 28 Wayne 09 Garﬁ eld 19 San Juan 29 Weber 10 Grand 20 Sanpete Mailing Your Return Mailing Your Return Mail your return and any payment to the address shown at the bottom of TC-40, page 3.

16 2024 Utah TC-40 Instructions  TC-40A - Supplemental Schedule Instructions TC-40A - Supplemental Schedule Instructions Use TC-40A to enter six categories of items aﬀ ecting your Utah individual income tax return:  Part 1 - Additions to Income (added to federal income)  Part 2 - Subtractions from Income (subtracted from federal income)  Part 3 - Apportionable Nonrefundable Credits*  Part 4 - Nonapportionable Nonrefundable Credits  Part 5 - Nonapportionable Refundable Credits  Part 6 - Apportionable Refundable Credits* *Apportioned for non or part-year residents  Part 1 – Additions to Income Part 1 – Additions to Income Enter the following additions to income that apply. Attach TC-40A to your return. Write the code and amount of each addition to income in Part 1. Total the amounts and carry the total to TC-40, line 5. Codes for Additions to Income, TC-40A, Part 1 Codes for Additions to Income, TC-40A, Part 1 51 Lump sum distribution 53 Medical care savings account (MSA) addback 54 my529 addback 56 Child's income excluded from parent's return 57 Municipal bond interest 60 Untaxed income of a resident trust 61 Untaxed income of a nonresident trust 67 Tax paid on behalf of a pass-through entity taxpayer 68 Payroll Protection Program grant or loan addback 69 Equitable adjustments Each addition to income is explained below. (51) Lump Sum Distribution (51) Lump Sum Distribution

(UC §59-10-114(1)(a)) (UC §59-10-114(1)(a))

This addition to income only applies if you ﬁ led form 4972 with your federal return. If you received a lump sum distribution and ﬁ led federal form 4972, enter the total of the amounts shown on Part II, line 6 and on Part III, line 10. Keep a copy of form 4972 and any 1099-R forms showing the distribution with your records. Shared Distributions: If you shared a lump sum distribution with others, multiply the amount on line 10 of federal form 4972 by the distribution percentage shown in box 9a on your form 1099-R, then add the amount from form 4972, Part II, line 6. (53) Medical Care Savings Account (MSA) Addback (53) Medical Care Savings Account (MSA) Addback

(UC §59-10-114(1)(c))

(UC §59-10-114(1)(c)) If you are an account holder who contributes to an MSA, the account administrator will send you form TC-675M, Statement of Withholding for Utah Medical Savings Account. Enter the sum from TC-675M, lines 8 and 9, only up to the amount deducted or used in calculating the MSA credit on your cur- rent or previously ﬁ led Utah tax return. Keep form TC-675M with your records. (54) my529 Addback (54) my529 Addback

(UC §59-10-114(1)(d))

(UC §59-10-114(1)(d)) If you withdrew an amount from a Utah my529 account but did not use it for qualiﬁ ed education expenses, and the withdrawal did not meet an exception under IRC §529(c) or §530(d), enter that amount to the extent the amount was deducted or used in calculating the my529 credit on your current or a previously ﬁ led Utah tax return. If you are a my529 account owner, you will receive form TC-675H, my529 Tax Statement for Contributions, Withdrawals, and Transfers from my529. Keep this form with your records. If you have any questions about my529 accounts, call my529 at 1-800-418-2551, or visit my529.org. (56) Child's Income Excluded from Parent's Return (56) Child's Income Excluded from Parent's Return

(UC §59-10-114(1)(b))

(UC §59-10-114(1)(b)) If you are a parent who reported a child's interest and divi- dends on your federal return, you must add any child's income excluded from your income to your return. Use the following worksheet to calculate the addback: Worksheet Worksheet 1. Enter the lesser of federal form 8814,

line 4 or line 5

1 _________ 2. Federal amount not taxed 2 $1,300 3. Subtract line 2 from line 1. If less than zero,

enter "0." This is the addition to Utah income. 3 _________ If you reported income for more than one child, complete the calculation above separately for each child using their respective federal form 8814. Total the amounts from line 3 above for each child and enter the amount on TC-40A, Part 1, using code 56. (57) Municipal Bond Interest (57) Municipal Bond Interest

(UC §59-10-114(1)(e))

(UC §59-10-114(1)(e)) Enter interest from certain bonds, notes and other evidences of indebtedness issued by non-federal government entities outside Utah (municipal bonds) acquired after Jan. 1, 2003, if the interest is not included in your federal adjusted gross income. Do not enter interest earned on non-Utah municipal bonds if the issuer does not impose an income tax on bonds issued by Utah, or the issuing state does not impose an income tax. (60) Untaxed Income of a Resident Trust (60) Untaxed Income of a Resident Trust

(UC §59-10-114(1)(f))

(UC §59-10-114(1)(f)) Enter any distribution received by a Utah resident beneﬁ ciary of a resident trust if the income was taxed at the trust level for federal tax purposes, but not taxed at the trust level for Utah tax purposes.

17 2024 Utah TC-40 Instructions (61) Untaxed Income of a Nonresident Trust (61) Untaxed Income of a Nonresident Trust

(UC §59-10-114(1)(g))

(UC §59-10-114(1)(g)) Enter any distribution received by a Utah resident beneﬁ ciary of a nonresident trust of undistributed distributable net income realized by the trust, if the income was taxed at the trust level for federal tax purposes but not taxed at the trust level by any state. Undistributed distributable net income is considered to be distributed from the most recently accumulated undistrib- uted distributable net income. (67) Tax Paid on Behalf of a Pass-through Entity (67) Tax Paid on Behalf of a Pass-through Entity Taxpayer Taxpayer

(UC §59-10-114(1)(i) and (j))

(UC §59-10-114(1)(i) and (j)) Enter the total tax paid on your behalf by a pass-through entity during the tax year to: 1. Utah under §59-10-1403.2(2), and 2. any other state that imposes a tax similar to the tax described in §59-10-1403.2(2). (68) Payroll Protection Program Grant or Loan (68) Payroll Protection Program Grant or Loan Addback Addback

(UC §59-10-103(1)(a)(ii))

(UC §59-10-103(1)(a)(ii)) If you received a COVID-19 Payroll Protection Program (PPP) grant or loan, enter any amount that: 1. was forgiven during the 2024 tax year, 2. is exempt from federal income tax, and 3. you used for expenses that you deducted on your federal tax return. If you own an interest in an LLC, partnership, S corporation or trust that received a PPP grant or loan meeting these re- quirements, include your distributed share on this line. (See the "Other Income" line of Utah Schedule K-1 received from the LLC, partnership, S corporation or trust.) (69) Equitable Adjustments (69) Equitable Adjustments

(UC §59-10-115(2))

(UC §59-10-115(2)) Enter any qualiﬁ ed equitable adjustment needed to prevent receiving a double tax beneﬁ t.  Part 2 – Subtractions from Income Part 2 – Subtractions from Income Enter the following subtractions from income that apply. Attach TC-40A to your return. Write the code and amount of each subtraction from income in Part 2. Total the amounts and carry the total to TC-40, line 8. Codes for Subtractions from Income, TC-40A, Codes for Subtractions from Income, TC-40A, Part 2 Part 2 71 Interest from Utah municipal bonds and U. S. government obligations 77 Native American income 78 Railroad retirement income 79 Equitable adjustments 82 Nonresident active duty military pay 85 State tax refund distributed to beneﬁ ciary of trust 88 Nonresident military spouse income 89 FDIC premiums 90 Qualiﬁ ed retirement plan distributions Each subtraction from income is explained below. (71) Interest from Utah Municipal Bonds and (71) Interest from Utah Municipal Bonds and U. S. Government Obligations U. S. Government Obligations

(UC §59-10-114(2)(a) and (f))

(UC §59-10-114(2)(a) and (f)) Utah Municipal Bonds Utah Municipal Bonds Interest earned on Utah municipal bonds is exempt from Utah income tax. • Municipal bond interest is usually excluded from federal adjusted gross income. In these cases, do not subtract municipal bond interest. • Some municipal bond interest is included in federal adjusted gross income, (e.g., Build America Bonds, etc.). In these cases, deduct Utah municipal bond interest from Utah taxable income. Enter the non-taxable subtraction on TC-40A, Part 2, using code 71. Keep all records and documentation to support this subtraction. U.S. Government Obligations U.S. Government Obligations Interest earned on U.S. Government obligations is exempt from Utah income tax. These obligations include: • Treasury bills • Treasury notes • E, EE, H, HH, and I bonds The following income is NOT exempt from Utah income tax: • Interest or dividends from Federal National Mortgage Association (FNMA) and Government National Mortgage Association (GNMA). • Interest on IRS or other federal agency refunds. The following conditions determine if the instrument qualiﬁ es as a U.S. Government obligation (see U.S. Supreme Court decision, Smith vs. Davis, 323 U.S. 111 (1944)). The instru- ment must: 1. be a written document, 2. bear interest, 3. contain a binding promise by the U.S. Government to pay a speciﬁ c sum on a speciﬁ c date, and 4. have congressional authorization to pledge the full faith and credit of the United States in support of the promise to pay. You may only deduct interest or dividend income from U.S. Government obligations included in your federal adjusted gross income. Before entering an amount, subtract any re- lated interest expense on money borrowed to purchase the obligation or security. See Pub 33, Interest from U.S. Government Obligations, at tax.utah.gov/forms. Keep all records, forms and worksheets to support this subtraction. (77) Native American Income (77) Native American Income

(UC §59-10-114(2)(b) and (e))

(UC §59-10-114(2)(b) and (e)) Some income of Utah Native Americans is exempt from Utah income tax. To qualify, you must: 1. be an enrolled member of a Native American tribe in Utah, 2. live on your tribe’s reservation, and 3. earn the income on your tribe’s reservation (for active duty military income, see Pub 57).

18 2024 Utah TC-40 Instructions Also, enrolled members of the Ute tribe who work on the Uintah and Ouray Reservation and live on land removed from that reservation under Hagen vs. Utah (510 U.S. 399 (1994)) are exempt from Utah income tax on income earned on the reservation. Enter the exempt income included in your federal total income on TC-40A, Part 2, using code 77. Enter your enrollment/cen- sus number and your Nation/Tribe Code from the following list: Nation/Tribe Code Nation/Tribe Code 1 Confederated Tribes of the Goshute Reservation 2 Navajo Nation Reservation 3 Paiute Indian Tribe of Utah 4 Skull Valley Band of Goshute Indians 5 Ute Indian Tribe 6 Other tribe Keep all records and documents to support this subtraction. (78) Railroad Retirement Income (78) Railroad Retirement Income

(UC §59-10-114(2)(d))

(UC §59-10-114(2)(d)) Federal law does not permit states to tax railroad retirement, disability income, unemployment income, and sickness beneﬁ ts received from the Railroad Retirement Board and reported on form RRB-1099. Railroad retirement pensions are deductible only if taxed on the federal return. If you received pension payments, disability income or unemployment payments under the Railroad Re- tirement Act and report all or part of the amount received as income on federal form 1040 or 1040-SR, lines 5b and/or 6b, you may deduct that amount from Utah income. If amounts from sources other than railroad retirement are included on these lines on your federal return, only deduct the amount of railroad retirement reported on these lines. (79) Equitable Adjustments (79) Equitable Adjustments

(UC §59-10-115(2))

(UC §59-10-115(2)) Enter any qualiﬁ ed equitable adjustment needed to prevent paying double tax. Attach an explanation.

Do not use this subtraction to deduct the income of a nonresident spouse. File TC-40B, Non or Part-year Resident Schedule. See TC-40B instructions on page 28. (82) Nonresident Active Duty Military Pay (82) Nonresident Active Duty Military Pay

(50 USC §4001)

(50 USC §4001) Nonresident service members do not pay Utah income tax on active duty military pay. Deduct the amount of active duty military pay included in your federal adjusted gross income on TC-40A, Part 2, using code 82. See instructions for TC-40B and Pub 57, Military Personnel Instructions. (85) State Tax Refund Distributed to Beneﬁ ciary of (85) State Tax Refund Distributed to Beneﬁ ciary of Trust Trust

(UC §59-10-114(2)(c))

(UC §59-10-114(2)(c)) Enter any state tax refund distributed to you by a resident trust if the refund was used to compute federal income of the resident trust for the year. (88) Nonresident Military Spouse Income (88) Nonresident Military Spouse Income

(50 USC §4001)

(50 USC §4001) The income of a service member's spouse is exempt from Utah tax if the spouse is: 1. not a resident of Utah, 2. not also a service member, and 3. in Utah solely to be with the service member serving under military orders. Enter the total income of the nonresident spouse on TC-40A, Part 2, using code 88. When completing TC-40B, deduct only the Utah income of the nonresident spouse in Column A, line 33. See Pub 57, Military Personnel Instructions. (89) FDIC Premiums (89) FDIC Premiums

(UC §59-10-114(2)(i))

(UC §59-10-114(2)(i)) You may subtract from income FDIC premiums that were not allowed as a deduction on your federal return under IRC 162(r). (90) Qualiﬁ ed Retirement Plan Distributions (90) Qualiﬁ ed Retirement Plan Distributions

(UC §59-10-114.1)

(UC §59-10-114.1) Enter the amount of any distribution from a qualiﬁ ed IRC Section 401(a) retirement plan that is included in your federal adjusted gross income if, in the year it was paid into the plan, the amount was: 1. not included in your federal adjusted gross income; and 2. taxed by another state, the District of Columbia, the United States or a U.S. possession.  Part 3 – Apportionable Nonrefundable Credits Part 3 – Apportionable Nonrefundable Credits Apportionable nonrefundable credits can reduce your income tax to zero, but any credit greater than the tax will not be refunded. Enter the following apportionable nonrefundable credits (cred- its that must be apportioned for nonresidents and part-year residents) that apply. Attach TC-40A to your Return. Write the code and amount of each apportionable nonrefund- able credit in Part 3. Add the amounts and carry the total to TC-40, line 24. Codes for Apportionable Nonrefundable Codes for Apportionable Nonrefundable Credits, TC-40A Part 3 Credits, TC-40A Part 3 04 Capital gain transactions credit 18 Retirement credit 20 my529 credit 23 Health beneﬁ t plan credit 26 Gold and silver coin sale credit AH Social Security beneﬁ ts credit AJ Military retirement credit AM Earned income tax credit AS Nonrefundable adoption expenses credit AT Child tax credit Keep all related documents with your records. You may have to provide this information later to prove a credit claimed on your return. Each apportionable nonrefundable credit is explained below.

19 2024 Utah TC-40 Instructions (04) (04) Capital Gain Transactions Credit Capital Gain Transactions Credit

(UC §59-10-1022)

(UC §59-10-1022) You may claim a credit for the short-term and long-term capital gain on a transaction if: 1. the transaction occurs on or after Jan. 1, 2008; 2. at least 70 percent of the gross proceeds of the transaction are used to buy stock in a qualiﬁ ed Utah small business corporation within 12 months from when the capital gain transaction occurred; and 3. you did not have an ownership interest in the qualiﬁ ed Utah small business corporation at the time of investment. Calculation of Capital Gain Transactions Credit Calculation of Capital Gain Transactions Credit 1. Eligible capital gain 1 _________ 2. Multiply line 1 by 4.55% (.0455). This is your credit. 2 _________

Enter this amount on TC-40A, Part 3, using code 04. There is no form for this credit. Keep all documents with your records. Note: You may not carry forward or back any credit that is more than your tax liability. ( ( 18) Retirement Credit 18) Retirement Credit

(UC §59-10-1019)

(UC §59-10-1019) If you (and/or your spouse, if ﬁ ling jointly) were born on or before Dec. 31, 1952, you may take a retirement credit of up to $450. Complete the Retirement Credit Worksheet, below, to calculate the credit. You may not claim this credit if you (or your spouse, if ﬁ ling jointly) claim either the Social Security Beneﬁ ts Credit (code AH) or the Military Retirement Credit (code AJ). Retirement Credit Worksheet Retirement Credit Worksheet 1. If only you or only your spouse is taking this credit, enter 450. If both you and your spouse are taking this credit, enter 900. 1 _________ 2. Enter the amount from TC-40, line 6 (Total income)

2 _________ 3. Enter municipal bond interest from TC-40, Schedule A, Part 1, code 57 3 _________ 4. Line 2 minus line 3 4 _________ 5. Enter tax exempt interest from federal form 1040 or 1040-SR, line 2a 5 _________ 6. Modiﬁ ed Adjusted Gross Income 6 _________ Add lines 4 and 5 7. Enter:

7 _________ a. Married ﬁ ling separately: $16,000 b. Married ﬁ ling federal return 1040NR: $16,000 c. Married ﬁ ling joint: $32,000 d. Single: $25,000 e. Qualifying surviving spouse or head of household: $32,000 8. Line 6 minus line 7 (not less than zero) 8 _________ 9. Multiply line 8 by 0.025 9 _________ 10. Retirement Credit 10 _________ Subtract line 9 from line 1 (not less than zero).

If you (and/or your spouse) claim this credit, enter the total amount on TC-40A, Part 3, using code 18. Also enter your (and/or your spouse’s) birthdate(s).

Because the maximum amount of this credit is $450 per individual, you (and/or your spouse) may qualify for a larger credit by taking the Social Security Beneﬁ ts Credit (code AH) or the Military Retirement Credit (code (AJ). See below. Note: You may not carry forward or back any retirement credit that is more than your tax liability. (20) my529 Credit (20) my529 Credit

(UC §59-10-1017)

(UC §59-10-1017) If a qualiﬁ ed contribution was made to your Utah my529 ac- count, you may claim a nonrefundable credit. To qualify, the contribution must be made during the tax year and must not have been deducted on your federal return. If you are a my529 account owner, you will receive form TC-675H, my529 Tax Statement for Contributions, Withdraw- als, and Transfers, from my529. If your ﬁ ling status is single, head of household, married ﬁ ling separate or qualifying surviving spouse, enter on TC-40A, Part 3, the amount from TC-675H, box 1A. If your ﬁ ling status is married ﬁ ling joint, enter the amount from TC-675H, box 1B. Use code 20. If you are a grantor trust and you receive more than one TC-675H for the same beneﬁ ciary, contact my529 for instruc- tions to correctly calculate the credit. Keep form TC-675H with your records to provide the Tax Com- mission upon request. If you have any questions about my529 accounts, call my529 at 1-800-418-2551, or visit my529.org.

20 2024 Utah TC-40 Instructions Note: You may not carry forward or back any credit that is more than your tax liability. (23) Health Beneﬁ t Plan Credit (23) Health Beneﬁ t Plan Credit

(UC §59-10-1023)

Amounts not included in your federal taxable income and amounts used to claim a federal credit cannot be used for this credit. You may claim this credit if you purchased your own health insurance and were not eligible to participate in a health beneﬁ t plan maintained and funded through an employer or former employer. You do not qualify for this credit if you (or your spouse, if ﬁ ling a joint return) had the option to get health insurance through an employer or former employer, even if you chose not to use the employer’s plan. Deﬁ nition Deﬁ nition A health beneﬁ t plan is a policy, contract or agreement oﬀ ered by a carrier to pay for or reimburse health care costs. Health beneﬁ t plans do not include: • accident and disability income insurance; • liability and supplemental liability insurance; • workers compensation insurance; • automobile medical insurance; • credit-only insurance; • on-site medical coverage; • insurance where health care is not the main beneﬁ t; • separate dental, vision, hearing, long-term care or home health plans; • insurance for a speciﬁ c illness or disease; • ﬁ xed indemnity insurance; • Medicare supplemental insurance; • self-insurance; or • other similar coverage. Excluded Amounts Excluded Amounts You must exclude the following amounts when calculating the credit: • Amounts used to calculate a federal Health Coverage Tax Credit (HCTC) for Trade Adjustment Assistance (TAA) recipients, alternate TAA recipients or Pension Beneﬁ t Guaranty Corporation (PBGC) pension recipients (IRC Section 35). • Payments into or for an Archer Medical Savings Account (MSA), Health Savings Account (HSA), Health Flexible Spending Accounts (FSA) or Health Reimbursement Arrangement (HRA) (IRC Section 106). • Pre-tax employer contributions to cafeteria or employer plans covering employees who may choose among two or more cash and qualiﬁ ed beneﬁ ts (IRC Section 125). • Trade or business expenses for self-employed persons up to 100 percent of premiums paid but not more than your net business income (under IRC Section 162). • Amounts deducted on federal Schedule A (IRC section 213). • Amounts paid on your behalf by a third party, such as government subsidies through Medicaid. • Payments for Medicare supplemental plans (Medigap). • Fees or co-pays for Children’s Health Insurance Program (CHIP) and Primary Care Network (PCN) programs run by the Utah Department of Health, or similar programs run by other states. Included Amounts Included Amounts You may include the following amounts when calculating the credit: • Payments for a health beneﬁ t plan through an Aﬀ ordable Care Act (ACA) marketplace. You may also include any extra amounts you had to pay for the plan on your federal income tax return, but you must subtract any amounts refunded to you on your federal tax return. • Medicare Plan A premiums, if you are required to pay them (most people are not). • Medicare Plan B premiums, even if the payments are deducted from your social security beneﬁ ts. • Payments for healthcare plans oﬀ ered by private insur- ance carriers approved by Medicare (Medicare Plan C, Medicare Advantage). • Payments for Medicare Plan D (drug) plans oﬀ ered by private insurance carriers and approved by Medicare. • Payments for a health beneﬁ t plan connected to Medicaid. Do not include amounts paid by Medicaid. • Payments through COBRA for a former employer’s insur- ance plan. Credit Calculation Credit Calculation Use the worksheet below to calculate the credit. There is no form for this credit. Keep all related documents with your records. Calculation of Health Beneﬁ t Plan Credit Calculation of Health Beneﬁ t Plan Credit 1. Amount paid for health beneﬁ t plan in 2024 1 _________ 2. Enter your excess advance premium tax

credit repayment from your 2023 federal 2 _________ *

form 1040, Schedule 2, line 2 3. Add line 1 and line 2 3 _________ 4. Enter your net premium tax credit from your

2023 federal form 1040, Schedule 3, line 9 4 _________ * 5. Subtract line 4 from line 3 5 _________ 6. Excluded amount (see instructions, above) 6 _________ 7. Subtract line 6 from line 5

(if less than zero, enter “0”) 7 _________ 8. Multiply line 7 by 4.55% (.0455) 8 _________ 9. Enter maximum credit allowed per return: 9 _________

$300 for single taxpayer with no dependents

$600 for married ﬁ ling jointly with no dependents

$900 for all taxpayers with dependents 10. Enter the lesser of line 8 or line 9.

This is your credit. 10 _________

Enter this amount on TC-40A, Part 3, using code 23. *Enter an amount on line 2 or line 4 only if you claimed the Health Beneﬁ t Credit on your 2023 return. Note: You may not carry forward or back any credit that is more than your tax liability.

21 2024 Utah TC-40 Instructions (26) Gold and Silver Coin Sale Credit (26) Gold and Silver Coin Sale Credit

(UC §59-10-1028)

(UC §59-10-1028) Capital gains recognized on the sale or exchange of gold and silver coins issued by the United States government and reported on a federal individual income tax return are eligible for an apportionable nonrefundable credit against Utah tax. You may also include any gold or silver coin or bullion, other than that issued by the United States, if a court of competent jurisdiction issues a ﬁ nal, unappealable judgment or order determining that Utah may recognize the gold or silver coin or bullion as legal tender in the state, or Congress enacts legislation expressly providing that such coin or bullion is legal tender. To qualify for the credit, all of the following conditions must be met: 1. The capital gain transaction must be for the sale or exchange of gold or silver coin issued by the federal government for another form of legal tender, 2. the capital gain transaction must result in a short-term or long-term capital gain (deﬁ ned in IRC §1222) that is reported on Schedule D of your federal individual or ﬁ duciary return, 3. any eligible capital gain must ﬁ rst be oﬀ set by any capital loss recognized for the year for federal purposes from the sale of gold and/or silver coin, and 4. the transaction must be made during the tax year. For more information, see UC Title 59, Chapter 1, Part 15, Specie Legal Tender Act. Calculation of Gold and Silver Coin Sale Credit Calculation of Gold and Silver Coin Sale Credit 1. Capital gains on all sales and exchanges of gold and silver coins 1 _________ 2. Capital losses on all sales and exchanges of gold and silver coins 2 _________ 3. Subtract line 2 from line 1 (if a loss, STOP, there is no credit) 3 _________ 4. Amount from federal form 1040, Schedule D, line 16 (if a loss, STOP, there is no credit) 4 _________ 5. Enter the lesser of line 3 or line 4 5 _________ 6. Credit percentage - 4.55% 6 .0455 7. Credit - multiply line 5 by line 6 7 _________

Enter this amount on TC-40A, Part 3, using code 26. Note: You may not carry forward or back any credit that is more than your tax liability. There is no form for this credit. Keep all related documents with your records. (AH) Social Security Beneﬁ ts Credit (AH) Social Security Beneﬁ ts Credit

(UC §59-10-1042)

(UC §59-10-1042) You may qualify for this credit if you (or your spouse, if ﬁ ling jointly) received taxable Social Security retirement, disability or survivor beneﬁ ts. Complete the Social Security Credit Work- sheet, below, to calculate this credit. You may only claim this credit for Social Security beneﬁ ts included in adjusted gross income on this return. You may not claim this credit if you (or your spouse, if ﬁ ling jointly) claim the Retirement Credit (code 18). Social Security Credit Worksheet 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)

8 _________ a. Married ﬁ ling separately: $37,500 b. Married ﬁ ling federal return 1040NR: $37,500 c. Married ﬁ ling joint: $75,000 d. Single: $45,000 e. Qualifying surviving spouse or head of household: $75,000 9. Line 6 minus line 8 (not less than zero) 9 _________ 10. Multiply line 9 by 0.025 10 _________ 11. Social Security Beneﬁ ts Credit 11 _________ 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. (AJ) Military Retirement Credit (AJ) Military Retirement Credit

(UC §59-10-1043)

(UC §59-10-1043) You may qualify for this credit if you (or your spouse, if ﬁ l- ing jointly) received taxable military retirement pay. Military retirement pay means retirement pay related to service in the armed forces, including retirement pay received by a survivor of a deceased service member. It does not include Social Security income, 401(k) or IRA distributions, or other sources of income, such as non-military federal retirement. You may only claim this credit for military retirement income included in adjusted gross income reported on this return. Complete the Military Retirement Credit Worksheet, below, to calculate this credit. You may not claim this credit if you (or your spouse, if ﬁ ling jointly) claim the Retirement Credit (code 18).

Do not take this credit if you receive survivor beneﬁ ts for a service member who died while on active duty or while in training; instead, take the Military Survivor Beneﬁ ts Credit (code AA). See page 26.

22 2024 Utah TC-40 Instructions Military Retirement Credit Worksheet Military Retirement Credit Worksheet Complete one worksheet for each person taking this credit. 1. Enter the amount of taxable military retirement pay

1 _________ 2. Military Retirement Credit 2 _________ Multiply line 1 by 0.0455

If claiming this credit, add the amount on line 2 of all worksheets and enter the total amount on TC-40A, Part 3, using code AJ. Note: You may not carry forward or back any credit that is more than your tax liability. (AM) Earned Income Tax Credit (AM) Earned Income Tax Credit

(UC §59-10-1044)

(UC §59-10-1044) You may claim a Utah earned income tax credit equal to 20 per- cent of your federal earned income tax credit. To qualify you must: 1. qualify for and claim the federal credit in the same tax year, and 2. earn Utah income that is reported on a W-2. Earned Income Tax Credit Worksheet Earned Income Tax Credit Worksheet 1. Enter your federal earned income tax credit from federal form 1040 or 1040SR, line 27 1 _________ 2. Multiply line 1 by 0.2 2 _________ 3. Total Utah wages shown on form W-2, box 16

3 _________ Enter the lesser of line 2 or line 3 on TC-40A, Part 3, using code AM. Note: You may not carry forward or back any credit that is more than your tax liability. (AS) Nonrefundable Adoption Expenses Credit (AS) Nonrefundable Adoption Expenses Credit

(UC §59-10-1046)

(UC §59-10-1046) You may claim a nonrefundable credit of up to $3,500 for expenses related to an adoption ﬁ nalized during the tax year. To qualify for this nonrefundable credit, your adjusted gross income must be: • at least $55,000 but less than $110,000 if your ﬁ ling status is married ﬁ ling jointly; or • at least $27,500 but less than $55,000 if your ﬁ ling status is single, head of household or qualifying surviving spouse. If your income is less than the minimum amount for this credit, see the refundable adoption expenses credit (code ME) on page 27. You do NOT qualify for an adoption expenses tax credit if: 1. you received any state or federal assistance during the tax year; 2. you claimed the same expenses as a federal tax credit under 26 USC Sec. 23; 3. you are married but you and your spouse did not ﬁ le a joint federal tax return; or 4. you are adopting your spouse’s child or your spouse is adopting yours. Note: You may carry forward for the next three years any credit that is more than your tax liability. For more information and to apply for this credit, contact: Department of Workforce Services infodisclosure@utah.gov Phone: 801-526-9603 Fax: 801-526-9244 jobs.utah.gov/adoptioncredit (AT) Child Tax Credit (AT) Child Tax Credit

(UC §59-10-1047)

(UC §59-10-1047) You may claim a credit for any child who: 1. qualiﬁ es for the federal child tax credit under IRC 24, and 2. was, on the last day of 2024, at least one year and no more than three years old. Child Tax Credit Worksheet Child Tax Credit Worksheet 1. Enter the number of children who qualify for the federal tax credit (IRC 24) and who were between the ages of 1 and 3 on the last day of 2024 1 _________ 2. Multiply line 1 by $1,000 2 _________ 3. Enter the amount from TC-40, line 6 (Total Income)

3 _________ 4. Enter municipal bond interest from TC-40, Schedule A, Part 1, code 57 4 _________ 5. Line 3 minus line 4 5 _________ 6. Enter tax exempt interest from federal form 1040 or 1040-SR, line 2a 6 _________ 7. Modiﬁ ed Adjusted Gross Income 7 _________ Add lines 5 and 6 8. Enter:

8 _________ a. Married ﬁ ling separately: $27,000 b. Married ﬁ ling federal return 1040NR: $27,000 c. Married ﬁ ling joint: $54,000 d. Single: $43,000 e. Qualifying surviving spouse or head of household: $43,000 9. Line 7 minus line 8 (not less than zero) 9 _________ 10. Multiply line 9 by 0.10 10 _________ 11. Child Tax Credit 11 _________ Line 2 minus line 10 (not less than zero)

Enter this amount on TC-40A, Part 3, using code AT. Note: You may not carry forward or back any credit that is more than your tax liability.     Part 4 – Nonapportionable Nonrefundable Part 4 – Nonapportionable Nonrefundable Credits Credits Nonapportionable nonrefundable credits can reduce your income tax to zero, but any credit greater than your tax liability will not be refunded. Enter the following nonapportionable nonrefundable credits that apply. Attach TC-40A to your return.

23 2024 Utah TC-40 Instructions Write the code and amount of each nonapportionable nonrefundable credit in Part 4. Total the amounts and carry the total to TC-40, line 26. Codes for Nonapportionable Nonrefundable Codes for Nonapportionable Nonrefundable Credits, TC-40A Part 4 Credits, TC-40A Part 4 01 At-home parent credit 02 Qualiﬁ ed sheltered workshop cash contribu- tion credit 06 Historic preservation credit 12 Credit for increasing research activities in Utah 13 Carryforward of credit for machinery and equipment used to conduct research 17 Credit for income tax paid to another state 19 Live organ donation expenses credit 21 Renewable residential energy systems credit 25 Combat related death credit 27 Veteran employment credit 28 Employing persons who are homeless credit 63 Achieving a Better Life Experience (ABLE) program credit AA Military survivor beneﬁ ts credit AG Carson Smith Opportunity Scholarship Program credit AP Pass-through entity taxpayer income tax credit Keep all related documents, including credit forms, with your records. You may have to provide this information later to verify a credit claimed on your return. Each nonapportionable nonrefundable credit is explained below. (01) At-Home Parent Credit (01) At-Home Parent Credit

(UC §59-10-1005)

(UC §59-10-1005) An at-home parent may claim a nonrefundable credit of $100 for each child 12 months old or younger on the last day of 2024. An at-home parent includes the: • biological mother or father, • stepmother or stepfather, • adoptive parents, • foster parents, • legal guardian, and • persons housing a child placed by a child-placing agency for legal adoption. To qualify for the credit, all of the following conditions must be met: 1. The child must be 12 months or younger on the last day of 2024; 2. the at-home parent must provide full-time care in their residence; 3. the child must be claimed as a dependent on the at-home parent's return; 4. the total of the at-home parent’s wages, tips and compen- sation listed on federal W-2 forms and the gross income on federal Schedule C, Proﬁ t or Loss from Business, line 7, must be $3,000 or less for the tax year; and 5. the federal adjusted gross income (TC-40, line 4) must be $50,000 or less. Note: You may not carry forward or back any credit that is more than your tax liability. There is no form for this credit. Keep all related documents with your records. (02) Qualiﬁ ed Sheltered Workshop Cash Contribution (02) Qualiﬁ ed Sheltered Workshop Cash Contribution Credit Credit

(UC §59-10-1004)

Charitable contributions claimed on the federal Schedule A cannot be claimed as a credit here. Cash contributions made during the tax year to a qualiﬁ ed Utah nonproﬁ t rehabilitation sheltered workshop facility for persons with disabilities are eligible for the credit. Check with the workshop to make sure they have a current Day Training Provider License or Day Support Provider Certiﬁ cate issued by the Department of Human Services. The credit is the lesser of $200 or 50 percent of the total cash contributions. There is no form for this credit. Keep all related documents with your records.

You must enter the name of the qualiﬁ ed workshop on TC-40A, Part 4 to claim the credit. Note: You may not carry forward or back any credit that is more than your tax liability. For more information contact: Division of Services for People with Disabilities 288 N 1460 W Salt Lake City, UT 84116 1-800-275-3773 dspd.utah.gov (06) Historic Preservation Credit (06) Historic Preservation Credit

(UC §59-10-1006)

(UC §59-10-1006) The credit is for costs to restore any residential certiﬁ ed historic building. Complete form TC-40H, Historic Preservation Tax Credit, with the State Historic Preservation Oﬃ ce certiﬁ cation, verifying the credit is approved. Do not send form TC-40H with your return. Keep the form and all related documents with your records to provide the Tax Commission upon request. Note: You may carry forward for the next ﬁ ve years any credit that is more than your tax liability. For more information contact: Utah State Historic Preservation Oﬃ ce 3760 S Highland Drive Salt Lake City, UT 84106 801-245-7277 ushpo.utah.gov/shpo/ﬁ nancial-incentives/ (12) Credit for Increasing Research Activities in Utah (12) Credit for Increasing Research Activities in Utah

(UC §59-10-1012)

(UC §59-10-1012) The credit is: 1. 5 percent of your qualiﬁ ed expenses for increasing research activities in Utah above a base amount, 2. 5 percent of certain payments made to a qualiﬁ ed orga- nization increasing basic research in Utah above a base amount, and

24 2024 Utah TC-40 Instructions 3. 7.5 percent of your qualiﬁ ed research expenses in Utah for the current tax year. Note: You may carry forward for the next 14 years any credit for 1 or 2 (above) that is more than your tax liability. You may not carry forward any credit for 3 (above). There is no form for this credit. Keep all related documents with your records. (13) Carryforward of Credit for Machinery and (13) Carryforward of Credit for Machinery and Equipment Used to Conduct Research Equipment Used to Conduct Research

(UC §59-10-1013)

(UC §59-10-1013) The credit expired for tax years beginning after 2010. If you claimed a credit on your return for machinery and/or equipment used to conduct research for a year after 1998 and prior to 2011, and the credit was more than your tax liability for the year, you may carry over the excess credit to the next 14 years and use it to oﬀ set tax until used up. If you are using any remaining credit in this year, enter that carryover amount on TC-40A, Part 4, using code 13. (17) Credit for Income Tax Paid to Another State (17) Credit for Income Tax Paid to Another State

(UC §59-10-1003)

(UC §59-10-1003) If you are a Utah resident or part-year resident with income that is taxed by Utah and another state(s), the District of Columbia, or a possession of the United States, you may be entitled to a credit for income tax paid to the other state(s). Nonresidents do not qualify for this credit. Complete Schedule B to see if your income was taxed by both states. You can only take this credit for individual income tax (i.e., you cannot take it for sales tax or local taxes). You may take this credit for taxes paid to another state by a pass-through entity only if the income is included on TC-40, line 9 (Utah taxable income). Complete and attach form TC-40S, Credit for Income Tax Paid to Another State. If there are two or more states, calculate each state separately. Carry the sum of the credits from TC- 40S, line 7 to TC-40A, Part 4, using code 17. Do not use the state income tax withheld from form W-2 as the tax paid to the other state. You must complete and ﬁ le the other state's return to determine the tax amount paid. You may have to provide additional information later to verify this credit. Part-year residents rarely qualify for this credit. If you are domiciled in Utah for part of the year and domiciled in another state for part of the year, you may only claim credit on the portion of income: 1. taxable in Utah, 2. taxed also by the other state(s), and 3. included in "Column A - Utah" income on form TC-40B. Part-year residents must prorate and enter the tax paid to the other state(s) on TC-40S, line 6. The credit only applies to tax paid on the part of your income (TC-40, line 1) taxed by both states. Note: You may not carry forward or back any credit that is more than your tax liability. Keep a signed copy of the other state's return and all related documents with your records. FYI: Common Credit 17 Errors FYI: Common Credit 17 Errors • Claiming the withholding amount on a W-2 as taxes paid to another state. • Claiming credit for taxes other than income tax. • Claiming the entire amount of tax paid to another state. • Part-year residents not prorating correctly on TC-40S. (19) Live Organ Donation Expenses Credit (19) Live Organ Donation Expenses Credit

(UC §59-10-1015)

(UC §59-10-1015) You may claim a credit up to $10,000 of qualiﬁ ed costs incurred for donating human bone marrow, or any part of an intestine, kidney, liver, lung, or pancreas for transplanting in another person. Qualiﬁ ed expenses include travel, lodging or a "lost wage" if the expense was not reimbursed, and the organ was donated by you, your spouse, or a dependent. Note: You may carry forward for the next ﬁ ve years any credit that is more than your tax liability. Complete form TC-40T, Live Organ Donation Expenses Credit. Do not send form TC-40T with your return. Keep the form and related documents with your records to provide the Tax Commission upon request. (21) Renewable Residential Energy Systems Credit (21) Renewable Residential Energy Systems Credit

(UC §59-10-1014)

(UC §59-10-1014) This credit is for reasonable costs, including installation, of a residential energy system that supplies energy to a Utah residential unit. Additional residential energy systems or parts may be claimed in following years as long as the total amount claimed does not exceed certain limits. Contact the Gover- nor’s Oﬃ ce of Energy Development for more information. If the residence is sold to a non-business entity before claiming the credit, you may irrevocably transfer the right to the credit to the new owner. The principal portion of the system's lease payments may qualify for the credit if the lessor irrevocably transfers the credit rights to the new owner. Get form TC-40E, Renewable Residential and Commercial Energy Systems Tax Credits, from the Governor's Oﬃ ce of Energy Development with their certiﬁ cation stamp, verifying the credit is approved and showing the amount of the approved credit. Do not send form TC-40E with your return. Keep the form and all related documents with your records to provide the Tax Commission upon request. You may not claim this credit if you claim either the Renewable Commercial Energy Systems Credit (code 39) or the credit described in Utah Code §59-10-1029. Note: You may carry forward for the next four years any credit that is more than your tax liability. Note: The credit for residential solar power systems has ex- pired eﬀ ective 2023. Carryforwards are allowed through 2027. For more information contact: Governor's Oﬃ ce of Energy Development (OED) PO Box 144845 Salt Lake City, UT 84114 801-538-8682 energy.utah.gov/tax-credits/ renewable-energy-systems-tax-credit

25 2024 Utah TC-40 Instructions (25) Combat Related Death Credit (25) Combat Related Death Credit

(UC §59-10-1027)

(UC §59-10-1027) If you are ﬁ ling a return on behalf of a military service member who died as a result of military service in a combat zone, you may claim a nonrefundable credit equal to the amount of your tax liability on the return attributable to the deceased service member. To qualify for the credit, all of the following conditions must be met: 1. The military service member must have been in an active or reserve component of the United States Army, Navy, Air Force, Marine Corps, Coast Guard or Space Force; 2. The combat related death must have occurred on or after Jan. 1, 2010; 3. The death must have occurred while the military service member was serving in a combat zone, or be the result of a wound, disease, or injury incurred while serving in a combat zone; and 4. The service must have been on or after the date declared by the President of the United States by Executive Order as a combat zone, and on or before such designation is terminated by the President. If the return is being ﬁ led by a single person (or married ﬁ ling separately), the credit is equal to your tax liability shown on line 22. Enter this amount on TC-40A, Part 4, using code 25. If the return is being ﬁ led as married ﬁ ling jointly (deceased service member and spouse), use the following calculation to determine the allowable credit. Calculation of Combat Related Death Credit Calculation of Combat Related Death Credit for Joint Return for Joint Return 1. Adjusted gross income on joint federal return 1 _________ 2. Federal adjusted gross income of deceased

military member 2 _________ 3. Allocated percentage - divide line 2 by line 1 3 _________ 4. Amount of tax liability from TC-40, line 22 4 _________ 5. Combat Related Death Credit –

multiply line 3 by line 4. 5 _________

Enter this amount on TC-40A, Part 4, using code 25. Note: You may use a diﬀ erent method of allocating your tax liability if that method more accurately reﬂ ects the deceased service member's tax liability. (27) Veteran Employment Credit (27) Veteran Employment Credit

(UC §59-10-1031)

(UC §59-10-1031) A nonrefundable credit is available to taxpayers who hire a qualiﬁ ed, recently deployed veteran. A qualiﬁ ed, recently deployed veteran is a person who was mobilized to active federal military service in an active or reserve component of the United States Armed Forces, and received an honorable or general discharge within the two- year period before the employment begins. To qualify for the credit, the qualiﬁ ed veteran must meet all of the following conditions: 1. received an honorable or general discharge within the two-year period before the employment begins; 2. was collecting or was eligible to collect unemployment beneﬁ ts, or has exhausted their unemployment beneﬁ ts within the last two years, under UC Title 35A, Chapter 4, Part 4, Beneﬁ ts and Eligibility; and 3. work for the taxpayer for at least 35 hours per week for not less than 45 of the 52 weeks following the veteran’s employment start date. The credit is claimed beginning in the year the 45 consecutive weeks in paragraph 3 above are met. Calculate the credit as follows: First Year Credit First Year Credit (count all months in the year the 45-week requirement is met): 1. Number of months or partial months the veteran was employed in the ﬁ rst year 1 _________ 2. Monthly credit allowable in ﬁ rst year 2 200 3. First year credit – multiply line 1 by line 2 (maximum $2,400) 3 _________ Second Year Credit: Second Year Credit: 4. Number of months or partial months the veteran was employed in the 2nd year 4 _________ 5. Monthly credit allowable in second year 5 400 6. Second year credit – multiply line 4 by line 5 (maximum ($4,800) 6 _________ We will not refund any credit greater than your tax due, but you may carry it forward to oﬀ set tax for up to ﬁ ve years. If taking this credit, you must keep the following documentation and make it available to the Tax Commission upon request: 1. the veteran’s name, last known address, and taxpayer identiﬁ cation or Social Security number; 2. the start date of employment; 3. documentation establishing that the veteran was employed 45 out of the 52 weeks after the date of employment; 4. documentation from the veteran’s military service unit showing that the veteran was recently deployed; and 5. a signed statement from the Department of Workforce Services that the veteran was collecting, was eligible to collect, or exhausted their unemployment beneﬁ ts within the last two years. (28) Employing Persons Who Are Homeless Credit (28) Employing Persons Who Are Homeless Credit

(UC §59-10-1032)

(UC §59-10-1032) You may claim a credit for hiring a homeless person if you receive a credit certiﬁ cate from the Department of Workforce Services. Do not send the certiﬁ cate with your return. Keep the certiﬁ cate and all related documents with your records. Note: You may carry forward for the next ﬁ ve years any credit that is more than your tax liability.

26 2024 Utah TC-40 Instructions For more information contact: Department of Workforce Services 140 E 300 S PO Box 142503 Salt Lake City, UT 84111-2503 385-272-7798 jobs.utah.gov/employer/business/htc.html (63) Achieving a Better Life Experience (ABLE) (63) Achieving a Better Life Experience (ABLE) Program Credit Program Credit

(UC §59-10-1035)

(UC §59-10-1035) You may claim a credit for 4.55 percent of the total qualiﬁ ed contributions you made to a Utah resident's Achieving a Better Life Experience Program account. You must make the contri- butions during the tax year and have an itemized statement from the qualiﬁ ed ABLE program. You may not claim a credit for an amount of a contribution that is returned to you or an amount already deducted on your federal income tax return. Credit calculation Credit calculation Contributions _______ x .0455 = Credit _________ Note: You may not carry forward or back any credit that is more than your tax liability. For more information, contact: Department of Workforce Services - ABLEUtah 1595 West 500 South Salt Lake City, Utah 84104-5238 1-800-439-1653 ableut.com (AA) Military Survivor Beneﬁ ts Credit (AA) Military Survivor Beneﬁ ts Credit

(UC §59-10-1036)

(UC §59-10-1036) If you are a surviving spouse or dependent child (10 U.S.C. Sec 1447) of a deceased military member, you may claim a credit for 4.55 percent of the survivor beneﬁ ts you received during the year. Survivor beneﬁ ts are beneﬁ ts paid due to: 1. the death of a member of the armed forces or reserve while on active duty, or 2. the death of a member of the reserve that results from a service-connected cause while performing inactive duty training.

Do not take this credit if the deceased service member was retired from the armed forces; instead, take the Military Retirement Credit (code AJ). See page 21. Credit calculation Credit calculation Survivor beneﬁ ts _______ x .0455 = Credit _________ Note: You may not carry forward or back any credit that is more than your tax liability. (AG) Carson Smith Opportunity (AG) Carson Smith Opportunity Scholarship Program Credit Scholarship Program Credit

(UC §59-10-1041)

(UC §59-10-1041) You may claim a credit for a donation made to the Carson Smith Opportunity Scholarship Program. You will receive a tax credit certiﬁ cate from the program, listing the amount of the credit. You may not claim this credit if you claimed the donation as an itemized deduction on your federal return. Do not send the certiﬁ cate with your return. Keep the certiﬁ cate and all related documents with your records. Note: You may carry back one year or forward for the next three years any credit that is more than your tax liability. For more information, contact: info@childrenﬁ rsteducationfund.org 385-204-5331 (AP) Pass-through Entity Taxpayer Income Tax Credit (AP) Pass-through Entity Taxpayer Income Tax Credit

(UC §59-10-1045)

(UC §59-10-1045) You may claim a credit equal to the amount of tax paid on your behalf by a pass-through entity to Utah under §59-10-1043.2(2), as shown on your K-1 from the pass-through entity. There is no form for this credit. Keep all related documents with your records. Note: You may carry forward for the next ﬁ ve years any credit that is more than your tax liability.     Part 5 – Nonapportionable Refundable Credits Part 5 – Nonapportionable Refundable Credits Enter the following nonapportionable refundable credits that apply. Attach TC-40A to your return. Write the code and amount of each nonapportionable refund- able credit in Part 5. Total the amounts and carry the total to TC-40, line 36. Codes for Nonapportionable Refundable Cred- Codes for Nonapportionable Refundable Cred- its, TC-40A Part 5 its, TC-40A Part 5 39 Renewable commercial energy systems credit 47 Agricultural oﬀ -highway gas/undyed diesel credit 48 Farm operation hand tools credit Keep all related documents, including credit forms, with your records. You may have to provide this information later to verify a credit claimed on your return. Each nonapportionable refundable credit is explained below. (39) Renewable Commercial Energy Systems Credit (39) Renewable Commercial Energy Systems Credit

(UC §59-10-1106)

(UC §59-10-1106) Get form TC-40E, Renewable Residential and Commercial Energy Systems Tax Credits, from the Governor's Oﬃ ce of Energy Development with their certiﬁ cation stamp. Do not send this form with your return. Keep the form and all related documents with your records to provide the Tax Commission upon request. You may not claim this credit if you claim either the Renewable Residential Energy Systems Credit (code 21) or the credit described in Utah Code §59-10-1029.

27 2024 Utah TC-40 Instructions For more information contact: Governor's Oﬃ ce of Energy Development (OED) PO Box 144845 Salt Lake City, UT 84114 801-538-8682 energy.utah.gov/tax-credits/ renewable-energy-systems-tax-credit (47) (47) Agricultural Oﬀ -highway Gas/Undyed Diesel Agricultural Oﬀ -highway Gas/Undyed Diesel Credit Credit

(UC §59-13-202)

(UC §59-13-202) You may claim a credit of 36.5 cents per gallon for motor fuel and undyed diesel fuel bought in Utah during 2024 and used to operate stationary farm engines and self-propelled farm machinery used solely for commercial non-highway agricul- tural use if the fuel was taxed at the time it was bought. This does not include golf courses, horse racing, boat operations, highway seeding, vehicles registered for highway use, hob- bies, personal farming and other non-agricultural use. Credit calculation Credit calculation Gallons _______ x .365 = Credit _________ There is no form for this credit. Keep all related documents with your records to provide the Tax Commission upon request. (48) Farm Operation Hand Tools Credit (48) Farm Operation Hand Tools Credit

(UC §59-10-1105)

(UC §59-10-1105) This credit is for sales and use tax paid on hand tools pur- chased and used or consumed primarily and directly in a farm- ing operation in Utah. The credit only applies if the purchase price of a tool is more than $250. There is no form for this credit. Keep all related documents with your records to provide the Tax Commission upon request.     Part 6 – Apportionable Refundable Credits Part 6 – Apportionable Refundable Credits Enter the following apportionable refundable credits (credits that must be apportioned for nonresidents and part-year residents) that apply. Attach TC-40A to your return. Write the code and amount of each apportionable refundable credit in Part 6. Carry the total from line c to TC-40, line 37. Codes for Apportionable Refundable Credits, Codes for Apportionable Refundable Credits, TC-40A Part 6 TC-40A Part 6 ME Refundable adoption expenses credit Keep all related documents, including credit forms, with your records. You may have to provide this information later to verify a credit claimed on your return. Each apportionable refundable credit is explained below. (ME) Refundable Adoption Expenses Credit (ME) Refundable Adoption Expenses Credit

(UC §59-10-1114)

(UC §59-10-1114) You may claim a refundable credit of up to $3,500 for expenses related to an adoption ﬁ nalized during the tax year. To qualify for this refundable credit, your adjusted gross income must be less than: • $55,000 if your ﬁ ling status is married ﬁ ling jointly; or • $27,500 if your ﬁ ling status is single, head of household or qualifying surviving spouse. If your income is greater than these limits, see the nonrefund- able adoption expenses credit (code AS) on page 22. You do NOT qualify for an adoption expenses tax credit if: 1. you received any state or federal assistance during the tax year; 2. you claimed the same expenses as a federal tax credit under 26 USC Sec. 23; 3. if married, you and your spouse did not ﬁ le a joint federal tax return; or 4. you are adopting your spouse’s child or your spouse is adopting yours. For more information and to apply for this credit, contact: Department of Workforce Services infodisclosure@utah.gov Phone: 801-526-9603 Fax: 801-526-9244 jobs.utah.gov/adoptioncredit

28 2024 Utah TC-40 Instructions TC-40B - Non or Part-year Resident Schedule TC-40B - Non or Part-year Resident Schedule Use TC-40B to calculate the Utah tax for a nonresident or a part-year resident. Residency Status Residency Status 1. If you are a part-year resident, enter the date you estab- lished residency in Utah and the date the residency ended. Enter dates in the format mm/dd/yy. 2. If you (and your spouse) are a nonresident, enter the two-character home state postal abbreviation. If you are a resident of a foreign country (a foreign national or citizen), enter "NA" in the home state abbreviation ﬁ eld. 3. If you are a Utah resident whose spouse is a nonresident, enter your spouse’s two-character home state postal abbreviation. If your spouse is a resident of a foreign country (a foreign national or citizen), enter "NA" in the home state abbreviation ﬁ eld. Follow these steps to calculate your Utah tax: Follow these steps to calculate your Utah tax: 1. Complete form TC-40 through line 24. 2. Complete form TC-40B, Non or Part-Year Resident Schedule (see line-by-line instructions, below). 3. Complete the rest of form TC-40, beginning with line 25. Attach form TC-40B to your return. Do not attach a copy of your federal return. Keep a copy with your records. Line-by-Line Instructions Line-by-Line Instructions Note: Column A is for Utah income and adjustments. Column B is for total income and adjustments. Lines 1 - 14 Lines 1 - 14 Column A: Enter all income/loss earned or received from Utah sources while not a Utah resident, plus all income/loss earned or received from all sources while a Utah resident (even if not from a Utah source) included in income on the federal return. Column B: Enter the total income/loss from all sources as reported on your federal return. Line 15 Line 15 Column A: Enter only the additions to income attributable to Utah and shown on TC-40A, Part 1. In the case of an addition to income attributable to a Medical Savings Account addback or a my529 addback, only include the addition in the Utah column to the extent it was previously subtracted from Utah taxable income. Include in Column A an equitable adjustment shown on TC-40A, Part 1, only to the extent the equitable adjustment relates to additions to income from Utah sources. Column B: Enter the total additions to income shown on TC-40A, Part 1. Lines 16 and 17 - RESERVED Lines 16 and 17 - RESERVED Line 18 Line 18 Enter the total of lines 1 through 17. Lines 19 - 29 Lines 19 - 29 Column A: Enter adjustments applicable to Utah income, including moving expenses for members of the armed forces when moving into Utah (line 22). Column B: Enter adjustments claimed on your federal return. Lines 30 and 31 - RESERVED Lines 30 and 31 - RESERVED Line 32 Line 32 Column A: Enter a subtraction for a state tax refund included on line 1 of federal form 1040, Schedule 1, only to the extent the refund subtracted is related to Utah tax. Column B: Enter the state tax refund included on line 1 of federal form 1040, Schedule 1. Line 33 Line 33 Column A: Enter only the subtractions from income attribut- able to Utah and shown on TC-40A, Part 2. Include in Column A an equitable adjustment shown on TC-40A, Part 2, only to the extent the equitable adjustment relates to subtractions from income from Utah sources. Column B: Enter the total subtractions from income shown on TC-40A, Part 2. Lines 34 and 35 - RESERVED Lines 34 and 35 - RESERVED Line 36 Line 36 If you adjusted your income on federal form 1040, Schedule 1, line 25, enter the description on line 36 blank line and the adjustment amount in Column B. In Column A, enter the amount of the adjustment that is from Utah income. Line 37 Line 37 Enter the total of lines 19 through 36. Note: Do not report nonresident active duty military pay included in federal income in the Utah portion of income on line 1. Include a nonresident military spouse's Utah portion of income on lines 1 through 17, whichever applies, and also include the deduction claimed on TC-40A, Part 2 for this income (code 88) on line 33. Line 38 Line 38 Subtract line 37 from line 18 for both columns A and B and enter the result. Note: The amount on line 38 in column B must equal the Utah taxable income shown on TC-40, line 9. Line 39 Line 39 Divide the total on line 38 Column A by the total on line 38 Column B, and enter the result on line 39. Round to four decimal places. Do not enter a decimal greater than 1.0000, and do not enter a negative number. (If the amount in column A or column B is zero, enter 0.0000 on line 39.) Line 40 Line 40 Subtract TC-40, line 24 from TC-40, line 23. This is your net tax. Line 41 Line 41 Multiply line 40 by the decimal on line 39. This is your Utah tax. Carry this amount to TC-40, line 25.

29 2024 Utah TC-40 Instructions TC-40W - Utah Withholding Tax Schedule TC-40W - Utah Withholding Tax Schedule You must claim Utah withholding tax credits by complet- ing form TC-40W and attaching it to your return. Do not send W-2s, 1099s, TC-675Rs, and Utah Schedule K-1 with your return. Keep all these forms with your tax records — we may ask you to provide the documents at a later time. Processing may be delayed or your withholding tax credits may be disallowed if you do not complete TC-40W as explained below and submit it with your return.  TC-40W, Part 1 TC-40W, Part 1 Report Utah withholding tax from the following forms: • Federal form W-2, Wage and Tax Statement • Federal form 1099 (with Utah withholding), including 1099-R, 1099-MISC, 1099-G, etc. To claim credit for Utah withholding tax, complete TC-40W, page 1. Enter the following information: Line 1 - Enter the employer/payer federal EIN (W-2 box "b," or 1099). Line 2 - Enter the employer/payer Utah withholding account number (W-2 box 15, or 1099). FYI: Withholding Account Number FYI: Withholding Account Number The Utah withholding account number is a 14-char- acter number. The ﬁ rst eleven characters are numeric and the last three are "WTH." Do not enter hyphens. Example: 12345678901WTH. If form W-2 or 1099 does not include this number, contact the employer or payer to get the correct number to enter on TC-40W, Part 1. Failure to include this number on TC-40W may cause your withholding to be disallowed and delay any refund. Line 3 - Enter the employer/payer name and address (W-2 box "c," or 1099). Line 4 - Enter an "X" if the income and withholding tax are from a form 1099. Line 5 - Enter the Social Security number (shown on the W-2 box "a," or 1099). Line 6 - Enter your Utah wages or income being reported (or your spouse’s, if ﬁ ling jointly) (W-2 box 16, or 1099). Line 7 - Enter your Utah withholding tax (or your spouse’s, if ﬁ ling jointly) (W-2 box 17, or 1099). Note: If there is no Utah employer identiﬁ cation number on a form W-2 box 15, 1099-R box 13, 1099-MISC box 17, or any other 1099 form, your refund may be reduced or your tax due increased. Contact the employer or payer of the income to get the Utah ID number. Add the amounts of Utah withholding tax from all lines 7 and enter the total at the bottom of TC-40W, page 1. Enter this total on either TC-40, page 3, Part 5, line 1 (if you have mineral production withholding or pass-through entity withholding), or on form TC-40, page 2, line 33 (if you have income tax withholding only). 22222 a Employee’s social security number OMB No. 1545-0008 b Employer identification number (EIN) c Employer’s name, address, and ZIP code d Control number e Employee’s first name and initial Last name Suff. f Employee’s address and ZIP code 1 Wages, tips, other compensation 3 Social security wages 5 Medicare wages and tips 7 Social security tips 9 11 Nonqualified plans 13 Statutory employee Retirement plan Third-party sick pay 14 Other 15 State Employer’s state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Form W-2 Wage and Tax Statement 2024

567-89-0123

87-1234567

32,519.85

ABC ENTERPRISE INC

32,519.85

9876 MAIN ST

32,519.85

SALT LAKE CITY UT 84101

WILLIAM J SMITH

456 TIMBER DR

MURRAY UT 84150 UT 12345678002WTH 32,519.85 767.99 W-2 Example Utah TC-40W Example

567-89-0123

SMITH

87-1234567

12345678002WTH

ABC ENTERPRISE INC

9876 MAIN ST

SALT LAKE CITY UT 84101

567-89-0123

32,520

768 Line Explanations IMPO 1 Employer/payer ID number from W-2 box “b” or 1099 Do no 2 Utah withholding ID number from W-2 box “15” or 1099 W-2 o

(14 characters, ending in WTH, no hyphens) on the 3 Employer/payer name and address from W-2 box “c” or 1099 4 Enter “X” if reporting Utah withholding from form 1099 Use a 5 Employee’s Social Security number from W-2 box “a” or 1099 1099s 6 Utah wages or income from W-2 box “16” or 1099 7 Utah withholding tax from W-2 box “17” or 1099 Enter

enter First W-2 or 1099 Secon 1

1 2

(14 characters, no hyphens) 2 3

3 4

4 5

5 6

6 7

7 Third W-2 or 1099 Fourt 1 1 40409 Part 1 - Utah Withholding Tax Schedule SSN Last name .00 .00

30 2024 Utah TC-40 Instructions  TC-40W, Part 2 TC-40W, Part 2 To claim credit for Utah mineral production withholding tax, enter the following information. If from form TC-675R, enter lines 1, 2, 3 and 5; if from Utah Schedule K-1, enter lines 4 and 5. Line 1 - Enter the mineral producer's federal EIN (TC-675R box 2). Line 2 - Enter the mineral producer's name (TC-675R box 1). Line 3 - Enter the mineral producer's Utah withholding account number (TC-675R box 3). FYI: Mineral Withholding Account Number FYI: Mineral Withholding Account Number The Utah mineral withholding account number is a 14-character number. The ﬁ rst eleven characters are numeric and the last three are "WMP." Do not enter hyphens. Example: 12345678901WMP. If form TC-675R does not include this number, contact the payer to get the correct number to enter on TC-40W, Part 2. Failure to include this number on TC-40W may cause your withholding to be disal- lowed and delay any refund. Line 4 - If the mineral withholding tax distribution was received from a pass-through entity (partnership, LLC, LLP, S corporation or trust), enter the pass-through entity's federal EIN. If you receive a TC-675R directly from the mineral producer, leave this line blank. Line 5 - Enter your mineral production withholding tax (TC-675R box 6) or your share of mineral production withholding tax reported on Utah Schedule K-1 by a pass-through entity. Add the amounts of mineral production withholding tax from all lines 5 and enter the total on form TC-40, page 3, Part 5, line 2. Do not send TC-675R(s) with your return. Keep them in your ﬁ les. Processing may be delayed or the withholding tax credit disallowed if you do not complete TC-40W with all required information.     TC-40W, Part 3 TC-40W, Part 3 To claim credit for Utah withholding tax paid on your behalf by a pass-through entity (partnership, LLC, LLP, S corporation or trust), enter the following information from Utah Schedule K-1: Line 1 - Enter the pass-through entity's federal EIN (Schedule K-1 box A). Line 2 - Enter the pass-through entity's name (Schedule K-1 box B). Line 3 - Enter the Utah withholding tax withheld or paid on your behalf by the pass-through entity. Add the amounts of pass-through entity Utah withholding tax from all lines 3 and enter the total on form TC-40, page 3, Part 5, line 3. Do not send Utah Schedule(s) K-1 with your return. Keep them in your ﬁ les. Processing may be delayed or the withholding tax credit disallowed if you do not complete TC-40W with all required information. 2. Producer’s federal EIN 3. Producer’s Utah account number 4. Recipient’s federal EIN (or SSN if an individual) 5. Utah mineral production gross payment to recipient 8. Recipient's name, address, city, state, ZIP code 9. Recipient entity type (check one) C - Corporation S - S Corporation P - Partnership L - Limited Liability Company O - Limited Liability Partnership Statement of Utah Tax Withheld on Mineral Production TC-675R 20__ __ I - Individual T , - Trust Estate or Fiduciary For tax year: 1. Producer’s name, address, city, state and ZIP code Rev. 6/13 6. Utah tax withheld on mineral production 7. Utah mineral production gross payment subject to withholding not ABC MINING COMPANY

PO BOX 4941

PRICE UT 84501

2 4

84-1909732

12345678002WMP

545-18-6791

24,615.18

1,230.76

.00

545-18-6791

WINTER

84-1909732

ABC MINING COMPANY

12345678002WMP

545-18-6791

1,231 Part 2 -Utah Mineral Production Withholding Tax - TC-675R Do not send TC-675R or Utah Schedules K-1 with return. Enter TC-675R or Schedule K-1 information below. Use additional TC-40Ws if needed. Line Explanations 1 Producer’s EIN from box “2” of TC-675R 4 Pass-through entity EIN if credit from partnership or S corporation 2 Producer’s name from box “1” of TC-675R

(enter EIN from Utah Schedule K-1) 3 Producer’s Utah withholding number from box “3” of TC-675R 5 Utah mineral production withholding tax from box”6” of TC-675R or

(14 characters, ending in WMP, no hyphens)

from Utah Schedule K-1. First TC-675R or Utah Schedule K-1

Second TC-675R or Utah Schedule K-1 1

1 2

2 3

(14 characters, no hyphens) 3

(14 characters, no hyphens) 4

4 5

5 Third TC-675R or Utah Schedule K-1

Fourth TC-675R or Utah Schedule K-1 40410 Mineral Production and Pass-through Withholding TC-40W Pg. 2 SSN Last name 2024 .00 .00 TC-675R Example

31 2024 Utah TC-40 Instructions Special Instructions for Married Couples Special Instructions for Married Couples A married couple who ﬁ les a joint federal return may ﬁ le separate Utah returns ONLY IF: • one spouse is a full-year Utah resident, AND • the other spouse is a full-year nonresident.

If either spouse is a part-year resident, you cannot use Special Instructions for Married Couples and your ﬁ ling status must match your federal return. To ﬁ le this way, use Special Instructions for Couples, below. You may also use Special Instructions if the spouse of a Utah resident is a nonresident military service member. See Pub 57, Military Personnel Instructions. Note: You cannot use TAP to ﬁ le using Special Instructions. You must ﬁ le by paper or electronically using approved tax software. Special Instructions for Couples Special Instructions for Couples 1. Complete a federal return “as if” you were ﬁ ling separately. DO NOT ﬁ le the “as if” return with the IRS. Use this return ONLY to complete these special instructions. 2. Determine your allocation percentage:

A. Adjusted gross income on your married ﬁ ling joint federal return ___________

B. Utah resident spouse’s federal adjusted gross income only

___________

- For a full-year Utah resident, federal “as if” adjusted gross income.

- For a nonresident who has Utah income and must ﬁ le a Utah return, federal adjusted gross income. C. Allocation percentage ___________

- Divide line B by line A and carry to four decimal places. 3. Follow the line-by-line instructions in this book to complete Utah form TC-40, with the following exceptions:

Box 1 Filing Status – Enter a “9.” This code is not shown on the return but is valid for this special calculation.

Line 4 Federal Adjusted Gross Income – Enter the federal “as if” adjusted gross income from line 2B, above.

Line 5 Additions to Income – Multiply each addition to income by the allocation percentage, above. Enter the additions on TC-40A, Part 1, and carry the total to TC- 40, line 5.

Line 7 State tax refund included on federal return – Multiply any state income tax refund on federal form 1040, Schedule 1, line 1 by the allocation percentage, above.

Line 8 Subtractions from Income – Except for codes 82 and 88, multiply each subtraction from income by the allocation percentage, above. Enter the subtractions on TC-40A, Part 2, and carry the total to line 8.

If ﬁ ling for the service member:

a. Subtract the total military pay earned while not a Utah resident that was included in federal adjusted gross income on TC-40A, Part 2, using code 82.

b. Code 88 is not allowed.

Line 11 Utah personal exemption – Multiply the number of qualifying dependents from line 2d by the allocation percentage, above. Then multiply the result by $2,046.

Line 12 Federal standard or itemized deductions – Multiply the deduction claimed on your married ﬁ ling joint federal income tax return by the allocation percentage, above. 4. Complete Utah form TC-40B using the amounts from your “as if” married ﬁ ling separate federal return. 5. Complete the rest of the Utah return. 6. Attach a copy of both your married ﬁ ling joint federal return and your “as if” married ﬁ ling separate federal return. You do not need to include federal 1040 schedules and supporting documents.

32 2024 Utah TC-40 Instructions Individual Income Tax Return Payment Coupon Rev. 12/11 TC-547 Make check or money order payable to the Utah State Tax Commission. Do not send cash. Do not staple check to coupon. Detach check stub. Mail to: Utah State Tax Commission, 210 N 1950 W, SLC UT 84134-0266 Tax year ending USTC Use Only * * 5

SEPARATE AND RETURN ONLY THE BOTTOM COUPON WITH PAYMENT. KEEP TOP PORTION FOR YOUR RECORDS. Payment amount enclosed 00 $ Use of Payment Coupon If you have a tax due balance on your Utah individual income tax return and you have previously filed your return (either electronically or by paper) without a payment, include the payment coupon below with your check or money order to insure proper credit to your account. Do not mail another copy of your income tax return with this payment. Sending a duplicate of your return may delay posting of the payment. If you are sending a payment with your paper Utah individual income tax return, include the payment coupon below with your check or money order, to insure proper credit to your account. Do not use this return payment coupon to prepay future individual income taxes. Use form TC-546. Electronic Payment You may pay your tax online at tap.utah.gov. How to Prepare the Payment Make your check or money order payable to the Utah State Tax Commission. Do not send cash. The Tax Commission does not assume liability for loss of cash placed in the mail. Print your name and address, daytime telephone number and the year the payment is for on your check or money order. Sending Payment Coupon If sending this payment coupon separate from your individual income tax return, do NOT mail another copy of your return with this payment. Complete and detach the payment coupon below. Do not attach (staple, paper clip, etc.) the check or money order to the payment coupon. Send the payment coupon and payment to:

Utah State Tax Commission

210 N 1950 W

Salt Lake City, UT 84134-0266 Primary taxpayer name Social Security no. Secondary taxpayer name Social Security no. Address City State ZIP code

(tc-40-instructions)2024 TC-40 Utah Individual Income Tax Forms and Instructions#

(tc-40-instructions)(document-1)#

Forms and Instructions Forms and Instructions TC-40 UTAH 2024 Get a faster refund! tap.utah.gov Utah State Tax Commission • 210 North 1950 West • Salt Lake City, Utah 84134 • tax.utah.gov

TC-40 page 3, TC-40A, TC-40B, TC-40S, and TC-40W (all that apply). • Other Adjustments

An explanation for any equitable adjustment entered on TC-40A, Part 2, code 79. • Other Forms

Attach form TC-131 if claiming a refund for a deceased taxpayer. Also attach federal form 8379 if you are claiming relief as an injured spouse (see page 5). • Tax Due

(UC §59-10-1311)

F = Utah Forward U = United Utah G = Green Enter N if you do not want to make a contribution.

(UC §59-10-114(2)(c))

(UC §59-10-1018(1)(g))

(federal form 8611, line 10) 1 _________ 2. Credits subject to recapture

(federal form 8611, line 3) 2 _________ 3. Divide line 1 by line 2 3 _________ 4. Total low-income housing credits actually

taken over the life of the project on all

Utah returns

(decimal from Use Tax Rate Chart) 2 . __ __ __ __ 3. Multiply line 1 by line 2 3 _________ 4. Amount of grocery food purchases

subject to use tax 4 _________ 5. Multiply line 4 by 3% (.03) 5 _________ 6. Add line 3 and line 5 6 _________ 7. Credit for sales tax paid to another state

210 N 1950 W

Salt Lake City, UT 84134-0260 Tax-due Return Utah State Tax Commission

210 N 1950 W

(UC §59-10-1306)

(UC §59-10-1308)

(UC §59-10-1319)

(UC §59-10-1320)

(UC §59-10-1321)

(UC §59-10-114(1)(a)) (UC §59-10-114(1)(a))

(UC §59-10-114(1)(c))

(UC §59-10-114(1)(d))

(UC §59-10-114(1)(b))

line 4 or line 5

1 _________ 2. Federal amount not taxed 2 $1,300 3. Subtract line 2 from line 1. If less than zero,

(UC §59-10-114(1)(e))

(UC §59-10-114(1)(f))

17 2024 Utah TC-40 Instructions (61) Untaxed Income of a Nonresident Trust (61) Untaxed Income of a Nonresident Trust

(UC §59-10-114(1)(g))

(UC §59-10-114(1)(i) and (j))

(UC §59-10-103(1)(a)(ii))

(UC §59-10-115(2))

(UC §59-10-114(2)(a) and (f))

(UC §59-10-114(2)(b) and (e))

(UC §59-10-114(2)(d))

(UC §59-10-115(2))

(UC §59-10-115(2)) Enter any qualiﬁ ed equitable adjustment needed to prevent paying double tax. Attach an explanation.

(50 USC §4001)

(UC §59-10-114(2)(c))

(50 USC §4001)

(UC §59-10-114(2)(i))

(UC §59-10-114.1)

19 2024 Utah TC-40 Instructions (04) (04) Capital Gain Transactions Credit Capital Gain Transactions Credit

(UC §59-10-1022)

(UC §59-10-1019)

If you (and/or your spouse) claim this credit, enter the total amount on TC-40A, Part 3, using code 18. Also enter your (and/or your spouse’s) birthdate(s).

(UC §59-10-1017)

20 2024 Utah TC-40 Instructions Note: You may not carry forward or back any credit that is more than your tax liability. (23) Health Beneﬁ t Plan Credit (23) Health Beneﬁ t Plan Credit

(UC §59-10-1023)

credit repayment from your 2023 federal 2 _________ *

form 1040, Schedule 2, line 2 3. Add line 1 and line 2 3 _________ 4. Enter your net premium tax credit from your

2023 federal form 1040, Schedule 3, line 9 4 _________ * 5. Subtract line 4 from line 3 5 _________ 6. Excluded amount (see instructions, above) 6 _________ 7. Subtract line 6 from line 5

(if less than zero, enter “0”) 7 _________ 8. Multiply line 7 by 4.55% (.0455) 8 _________ 9. Enter maximum credit allowed per return: 9 _________

$300 for single taxpayer with no dependents

$600 for married ﬁ ling jointly with no dependents

$900 for all taxpayers with dependents 10. Enter the lesser of line 8 or line 9.

This is your credit. 10 _________

21 2024 Utah TC-40 Instructions (26) Gold and Silver Coin Sale Credit (26) Gold and Silver Coin Sale Credit

(UC §59-10-1028)

(UC §59-10-1042)

1 _________ 2. Enter the amount from TC-40, line 6 (Total income)

(UC §59-10-1043)

1 _________ 2. Military Retirement Credit 2 _________ Multiply line 1 by 0.0455

(UC §59-10-1044)

(UC §59-10-1046)

(UC §59-10-1047)

(UC §59-10-1005)

(UC §59-10-1004)

(UC §59-10-1006)

(UC §59-10-1012)

(UC §59-10-1013)

(UC §59-10-1003)

(UC §59-10-1015)

(UC §59-10-1014)

25 2024 Utah TC-40 Instructions (25) Combat Related Death Credit (25) Combat Related Death Credit

(UC §59-10-1027)

military member 2 _________ 3. Allocated percentage - divide line 2 by line 1 3 _________ 4. Amount of tax liability from TC-40, line 22 4 _________ 5. Combat Related Death Credit –

multiply line 3 by line 4. 5 _________

(UC §59-10-1031)

(UC §59-10-1032)

(UC §59-10-1035)

(UC §59-10-1036)

(UC §59-10-1041)

(UC §59-10-1045)

(UC §59-10-1106)

(UC §59-13-202)

(UC §59-10-1105)

(UC §59-10-1114)

567-89-0123

87-1234567

32,519.85

ABC ENTERPRISE INC

32,519.85

9876 MAIN ST

32,519.85

SALT LAKE CITY UT 84101

WILLIAM J SMITH

456 TIMBER DR

MURRAY UT 84150 UT 12345678002WTH 32,519.85 767.99 W-2 Example Utah TC-40W Example

567-89-0123

SMITH

87-1234567

12345678002WTH

ABC ENTERPRISE INC

9876 MAIN ST

SALT LAKE CITY UT 84101

567-89-0123

32,520

768 Line Explanations IMPO 1 Employer/payer ID number from W-2 box “b” or 1099 Do no 2 Utah withholding ID number from W-2 box “15” or 1099 W-2 o

enter First W-2 or 1099 Secon 1

1 2

(14 characters, no hyphens) 2 3

3 4

4 5

5 6

6 7

7 Third W-2 or 1099 Fourt 1 1 40409 Part 1 - Utah Withholding Tax Schedule SSN Last name .00 .00

PO BOX 4941

PRICE UT 84501

2 4

84-1909732

12345678002WMP

545-18-6791

24,615.18

1,230.76

.00

545-18-6791

WINTER

84-1909732

ABC MINING COMPANY

12345678002WMP

545-18-6791

(enter EIN from Utah Schedule K-1) 3 Producer’s Utah withholding number from box “3” of TC-675R 5 Utah mineral production withholding tax from box”6” of TC-675R or

(14 characters, ending in WMP, no hyphens)

from Utah Schedule K-1. First TC-675R or Utah Schedule K-1

Second TC-675R or Utah Schedule K-1 1

1 2

2 3

(14 characters, no hyphens) 3

(14 characters, no hyphens) 4

4 5

5 Third TC-675R or Utah Schedule K-1

Fourth TC-675R or Utah Schedule K-1 40410 Mineral Production and Pass-through Withholding TC-40W Pg. 2 SSN Last name 2024 .00 .00 TC-675R Example

A. Adjusted gross income on your married ﬁ ling joint federal return ___________

B. Utah resident spouse’s federal adjusted gross income only

___________

- For a full-year Utah resident, federal “as if” adjusted gross income.

- For a nonresident who has Utah income and must ﬁ le a Utah return, federal adjusted gross income. C. Allocation percentage ___________

- Divide line B by line A and carry to four decimal places. 3. Follow the line-by-line instructions in this book to complete Utah form TC-40, with the following exceptions:

Box 1 Filing Status – Enter a “9.” This code is not shown on the return but is valid for this special calculation.

Line 4 Federal Adjusted Gross Income – Enter the federal “as if” adjusted gross income from line 2B, above.

Line 5 Additions to Income – Multiply each addition to income by the allocation percentage, above. Enter the additions on TC-40A, Part 1, and carry the total to TC- 40, line 5.

Line 7 State tax refund included on federal return – Multiply any state income tax refund on federal form 1040, Schedule 1, line 1 by the allocation percentage, above.

If ﬁ ling for the service member:

a. Subtract the total military pay earned while not a Utah resident that was included in federal adjusted gross income on TC-40A, Part 2, using code 82.

b. Code 88 is not allowed.

Line 11 Utah personal exemption – Multiply the number of qualifying dependents from line 2d by the allocation percentage, above. Then multiply the result by $2,046.

Utah State Tax Commission

210 N 1950 W

Salt Lake City, UT 84134-0266 Primary taxpayer name Social Security no. Secondary taxpayer name Social Security no. Address City State ZIP code