Utah Tax FAQs

• taxmOuth Utah Tax FAQs

Utah Tax Forms

• taxmOuth Utah Tax Forms

Utah Corporate Taxes

• taxmOuth Utah Corporate Taxes
• Utah Tax Rates & Brackets:
  
  5%> $0
  
• Loss Carry-back/fwd: 3 Years Back ($1,000,000) / 15 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

Utah Tax Incentives and Credits

• taxmOuth Utah Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: N

Utah Individual Income Taxes

• taxmOuth Utah Individual Income Taxes
• Utah tax rates and brackets:
  
  5%> $0
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: Single $5,450 / Joint $10,900
• Personal Exemptions/Credits (c): Single $2,650 / Joint $5,300 / Dependent $2,650
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Utah Estate, Gift and Inheritance Taxes

• taxmOuth Utah Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Utah Miscellaneous Taxes

• taxmOuth Utah Miscellaneous Taxes
• Gas Tax: 24.5 cents/gallon
• Diesel Tax: 24.5 cents/gallon
• Cigarette Tax: 69.5 cents/20 pack

Utah Pass-through Tax Treatment

• taxmOuth Utah Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Utah Payroll Taxes

• taxmOuth Utah Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #24

Utah Property Taxes

• taxmOuth Utah Property Taxes
• Median Tax Paid on Homes (Rank): $1,328 (#32)
• Median Value of Homes: $236,000
• Tax as % of Home Value (Rank): 0.56% (#40)
• Median Income of Homeowner: $67,921
• Tax as % of Income (Rank): 1.96% (#36)

Utah Sales and Use Taxes

• taxmOuth Utah Sales and Use Taxes
• State Rate: 5.95%
• County & City (Weighted Ave): 0.66%
• Combined State and Ave. Local Rates (Rank): 6.61% (#26)
• General Treatment of Services: Many Taxable
• Gasoline: Exempt
• Groceries: Partial