Income Tax Withholding Tax Credit

See also:

• Nonresident Shareholder Withholding Tax Credit
• Mineral Production Withholding Tax Credit

Withholding is a form of "pay as you earn" taxation. Your employer must withhold money from your gross pay and send it to the government. The amount taken out of your check is called withholding. Utah withholding is used to pre-pay your Utah income tax.

If you are employed by someone else, you will receive your withholding reported on a form W-2, Wage and Tax Statement, by January 31 each year. It shows the total amount you earned and the Utah taxes withheld from your paychecks for the year.

If you have income from a source other than an employer, you should receive a form 1099. This form reports the income earned and the Utah taxes withheld.

Utah withholding is claimed on your Utah tax return. It is identified by the code "UT" on the withholding form (W-2 or 1099). Enter the Utah withholding and other information from your withholding forms (W-2 and 1099) on form TC-40W, Part 1. Do not send copies of withholding forms with your return. Keep them in your files.

Carry the total Utah withholding tax from your TC-40 W, Part 1 to line 32 on your TC-40 return.

Note: If you had tax withheld for other states, you must contact them to get their filing requirements. Go to http://www.taxadmin.org/fta/link/default.html to see other states' taxing agencies.