Questions & Answers

What is the Qualified Retirement Plan Distribution Deduction?

Utah allows a subtraction for 401(a) retirement plan distribution income if the following applies:

  1. The contributions to the 401(a) retirement plan were deducted or excluded from federal adjusted gross income (AGI), and;
  2. The contributions were added back to the taxable income of another US state or territory.

401(a) retirement plans and not the same as 401(k) retirement plans. 401(a) retirement plans are generally offered by government agencies, educational institutions, and nonprofit organizations. The employee contributions to a 401(a) plan are generally determined by employers, participation by employees is often mandatory, and employers are required to contribute to the plan as well.

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