TC-40C
Retirement Tax Credit Schedule
40307
Rev. 12/13
Your last name
Your social security number
You
Spouse
Part 1 - Taxpayer Information
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/
/
/
1. Date of birth (if born after 1952, you do not qualify for the credit)
mm
dd
yy
mm
dd
yy
Spouse
You
Part 2 - Age 65 or Older - Credit
2. Enter “X” if you were age 65 or older by December 31, 2013
3. Enter total number of X’s on line 2
.00
4. Multiply the number on line 3 by $450
Spouse
You
Part 3 - Under Age 65 - Retirement Income Credit
5. Enter “X” if you were under age 65
and
born before January 1, 1953
.00
.00
6. If you entered an “X” on line 5, enter $288 in the same column, otherwise enter "0"
.00
.00
7. Enter total qualified retirement income for taxpayer checked on line 5 (see inst.)
.00
.00
8. Multiply the amount on line 7 for each column by 6% (.06)
.00
.00
9. Enter the lesser of line 6 or line 8 for each column
.00
10. Enter total of line 9 for both columns
Part 4 - Calculation of Credit
.00
11. Add line 4 and line 10
.00
12. Enter total income from your TC-40, line 6
.00
13. Enter nontaxable interest income (federal form 1040 or 1040A, line 8b) (see inst.)
.00
14. Modified adjusted gross income (add line 12 and line 13)
15. Enter:
$16,000, if married filing separately
$25,000, if single
.00
$32,000, if married filing jointly or qualifying widow(er)
$32,000, if head of household
.00
16. Subtract line 15 from line 14 (not less than "0”)
.00
17. Multiply line 16 by 2.5% (.025)
18. Retirement Credit - subtract line 17 from line 11 (not less than "0")
.00
Enter this amount on your TC-40A, Part 3, using code 18
Submit this page ONLY if data entered.
Attach completed schedule to your 2013 Utah income tax return.