Retirement tax questions
Please print out your forms to see if you received the Social Security Benefits Credit (SSBC). You may have received the credit but
- You don't have any Utah income tax therefore the SSBC will not be refunded to you since the credit is nonrefundable.
- You may have Utah income tax therefore the SSBC was applied to the amount to reduce it to zero and any excess is not refunded to you since the refund is not refundable.
I entered information into TurboTax trying to recreate what you are experiencing. TurboTax did calculate the SSBC, on Form TC-40A. The SSBC was used to zero out my Utah income tax. The SSBC is nonrefundable so the excess over the amount of Utah income tax, will not be given as a refund.
Note: If you (and/or your spouse, if filing jointly) were born on or before Dec. 31, 1952, you may take a retirement credit of up to $450.
- Because the maximum amount of this credit is $450 per individual, you (and/or your spouse) may qualify for a larger credit by taking the Social Security Benefits Credit (code AH).
- You may only claim this credit for Social Security benefits included in adjusted gross income on this return.
- You may not claim this credit if you (or your spouse, if filing jointly) claim the Retirement Credit (code 18).
