Tag Archives: Utah
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreAn individual who does not own a domicile in the state of Utah is considered a nonresident. Nonresident status also applies to anyone who doesn’t maintain a home or shelter in Utah, or who has spent less than 183 days of the tax year in the state. In defining what constitutes as a “day” in […]
— Read moreUnlike many other states, Utah doesn’t apply different rates of taxation to varying income levels. Instead, the state collects a single tax of 5% on all taxable income. Many Beehive State taxpayers can claim newly instituted credits, including one for retirement and one for taxpayers. These credits are non-refundable. Tax returns in the state of […]
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