Form Tc-40abc - Credit For Tax Paid To Another State - State Of Utah

Attach completed schedule to your 2003 Utah income tax return

Taxpayer's last name

Taxpayer's social security number

Credit For Tax Paid To Another State

TC-40A

Rev. 12/03

Part-year residents rarely qualify for this credit.

Nonresidents do not qualify for this credit.

See instructions on page 10.

Part-year resident definition: A taxpayer who is domiciled in Utah for part of the year and domiciled in a state, other than Utah, for part of the

year, may only claim credit on the portion of income that: (1) is subject to both Utah tax and tax in another state, (2) was received while

domiciled

Utah, and (3) was included in “Column A-Utah Income” on TC-40C. Also see “Part-Year Resident Defined” on page 2 of instructions.

NOTE: You cannot file electronically if claiming credit for taxes paid to more than one state.

If you claim credit for tax paid to more than one state, complete a TC-40A for each state

and enter the sum of the credits on TC-40, line 19.

Federal adjusted gross income taxed in state of: ____________________

Line 3 cannot be

Federal adjusted gross income from federal return (see line 4 instructions on page 5)

greater than 1.0000

Portion of other state gross income to total income (divide line 1 by line 2 and round to 4 decimal places)

Utah income tax (line 16 on front of return)

Credit limitation (multiply line 4 by decimal on line 3)

Actual income tax paid to state shown on line 1. Part-year residents must prorate the tax paid to another

state. The credit only applies to the portion of the actual taxes paid on income that was taxed in Utah

and the other state shown.

7 $

Credit for taxes paid to another state (line 5 or 6, whichever is less). Enter on TC-40, line 19.

Keep a signed copy of other state(s) income tax return for your records.

TC-40B

Retirement Income Exemption/Deduction

Rev. 12/03

You qualify to take the retirement income exemption/deduction if

(1)

you

or your spouse, if filing jointly, are age 65 or older

at the

or your spouse, if filing jointly

end of the tax year; or

(2)

you

, are under age 65 and received qualifying taxable retirement income.

See pages 6 and 7 of instructions for definition of what is and is not qualifying retirement income.

1. Age 65 or older - Retirement Income Exemption

Check the “Self” box if age 65 or older

Self

Total boxes checked

x $7,500

Spouse

______

If filing jointly, check the ”Spouse”

box, if spouse is age 65 or older

2. Under age 65 - Retirement Income Deduction (if you and

your spouse, if filing jointly

, are age 65 or older, skip to line 3)

Line 2a is limited to qualifying taxable retirement income up to $4,800 per retiree and can only be used by the retiree who

earned the income. ATTACH ALL FORMS 1099R, SSA-1099, or other documentation to support your deduction.

Spouse

Self

Date of birth

a. Qualified retirement income

b. Retirement limitation

4,800

c. Enter the lesser of a or b for each column.

Add "Self" and "Spouse" amounts on line "c." for total.

3. Total (add lines 1 and 2)

4. Adjusted income

a. Enter federal adjusted gross income (form TC-40, line 4)

b. Enter any lump-sum amount (form TC-40, line 6, code 51)

c. Enter non-taxable interest amount (federal form 1040 or 1040A, line 8b)

Adjusted income (add lines 4a through 4c)

Round to nearest

5.Enter:

(a) $32,000 - if married filing jointly, head of household, or qualifying widow(er)

whole dollar.

(b) $16,000 - if married filing separately

6. Subtract line 5 from line 4 (if zero or less, enter zero)

7. One-half of line 6 (line 6 divided by 2)

Subtract line 7 from line 3. This is your retirement exemption/deduction. Enter on TC-40, line 12.

Do not enter an amount less than zero.

Form Tc-40abc - Credit For Tax Paid To Another State - State Of Utah - 2003

Related Articles

Related forms

Related Categories