What is Utah's Social Security Benefits Tax Credit?

You, your spouse (if filing a married filing joint return) or a dependent will qualify for this credit if any or all of you received taxable social security retirement, disability, or survivor benefits. The potential credit may be limited based on your modified adjusted gross income. municipal bond interest, and tax-exempt interest. You cannot claim the Social Security Benefits Tax Credit if you claim the Retirement Tax Credit. Our software will calculate the tax credits that will provide you with the best tax benefit and report your retirement related tax credits on Form TC-40A.