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The Tax tables below include the tax rates, thresholds and allowances included in the Utah Tax Calculator 2021. The Income tax rates and personal allowances in Utah are updated annually with new tax tables published for Resident and Non-resident taxpayers. Federal Retirement Plan Thresholds in 2021.History of the Utah Tax Structure (PDF).Utah State Tax Commission, State of Utah. There are nine flat tax rate states in the United States: Colorado, Regardless of your income level, you will pay the same rate. Utah's state income tax rate is a flat 4.65% of your taxable income. Utah does have a dependent exemption of 1,802 per dependent for 2023. Utah does not have a personal exemption for 2023. Utah does not have a standard deduction for 2023. The national average adjusted gross income (AGI) reported by the IRS each year is about $70,000.Ī single Utah taxpayer with $70,000 in wages would pay approximately $3,133 to the Utah State Tax Commission.įind our Utah tax rate calculations above on this page for more information. How much state income tax will I pay in Utah? What is Utah's effective tax rate?Įffective tax rate equals the total tax paid divided by total taxable income.įind our Utah tax rate calculations above on this page for more information. Since Utah is a flat tax rate state, the nominal or official tax rate equals the marginal tax rate. That is the tax rate applied to each additional dollar of taxable income you earn. The Utah marginal tax rate used in our example calculation above on this page is 4.65%. The current flat tax rate for Utah is 4.65%. What is the Utah income tax rate for 2023? In the state of Utah there is just one personal income tax bracket.Įvery individual taxpayer is therefore in the same bracket regardless of filing status and amount. The Utah tax brackets and tax rates calculated on this web page are to be used for illustration purposes only.įrequently Asked Questions Which Utah tax bracket am I in? Utah tax forms are generally published at the end of each calendar year, which will include any last minute 2023 - 2024 legislative changes to the UT tax rate or tax brackets. Please reference the Utah tax forms and instructions booklet published by the Utah State Tax Commission to determine if you owe state income tax or are due a state income tax refund. Utah Head of Household Tax Brackets Tax Bracket Utah Married Filing Separately Tax Brackets Tax Bracket Utah Married Filing Jointly Tax Brackets Tax Bracket
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Utah 2023 Income Tax Brackets by Filing Status Utah Single Tax Brackets Tax Bracket Many states also offer credits for families with children, charitable contributions, and environmental initiatives, for example. Utah, as with other states, often allow taxpayers to make additions and subtractions to their federal taxable income. The actual amount of income tax you will pay in the state of Utah will vary. To calculate the effective income tax rate for the state of Utah, we simply divide the previously calculated income tax estimate by our initial $70,000 in wages. Therefore, we can go ahead and multiply our wages by the 2023 Utah tax rate of 4.65%. The state of Utah does not have a standard deduction or personal exemption. Utah Form TC-40 begins with federal adjusted gross income, 1040 Line 11. To simplify and standardize the calculation across states, we assume the taxpayer has only income from Wages, salaries, tips, etc Line 1 on federal Form 1040. Utah Income Tax Calculation For $70,000 In Wages Outlook for the 2024 Utah income tax rate is to remain unchanged at 4.65%. Then in 2018 the rate decreased from 5% to 4.95% percent where it remained through 2021.įor tax year 2022 the Utah income tax rate was reduced further to 4.85%.Īnd once again for the 2023 income tax year Utah decreased the state income tax rate to 4.65%. The Utah tax rate was steady at 5% from 2008 to 2017. The marginal tax rate in Utah for 2023 is 4.65%. Utah tax rate calculation for a Single taxpayer with $70,000 in wages, salaries, tips, etc. Individual taxpayers will submit both their federal tax forms and state tax forms by April 15, 2024.
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The Utah tax rate and tax brackets tabulated below are based on income earned between Januthrough December 31, 2023. Utah has one individual income tax bracket with a flat rate of 4.65%.īelow you will find 2023 Utah tax brackets and tax rates for all four UT filing statuses.