EARNED INCOME TAX CREDIT (EITC)

Rate (Non-refundable): 20% of the federal credit 

Latest Legislative Action: On March 22, 2023, Gov. Spencer Cox signed H.B.54, expanding the state EITC from 15% to 20$ of the federal rate.

• Utah Governor Spencer Cox signed legislation to enact a state EITC as part of a larger tax cut bill.

CHILD TAX CREDIT (CTC)

Rate (Non-refundable): $1,000 per child ages 1-3

Eligibility Requirements:

• Eligible filers with married filing separately status who earn $27,000 or less.
• Eligible filers with single filing status who earn $43,000 or less.
• Eligible filers with a joint filing status who earn $54,000 or less.
• All qualifying children must be at least one year old and under the age of four.

Latest Legislative Actions: On March 22, 2023, Gov. Spencer Cox signed H.B.170, enacting the state’s first CTC. The new, non-refundable state CTC is valued at $1,000 per eligible child ages 1-3. The bill takes effect for a taxable year beginning on or after January 1, 2024.¹

CHILD AND DEPENDENT CARE TAX CREDIT (CDCTC)

Utah does not currently offer a state-level CDCTC.