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Utah At-Home Parent Tax Credit

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Question
Utah At-Home Parent Tax Credit

Answer
An at-home parent may claim a nonrefundable credit of $100 for each child 12 months old or younger on the last day of the tax year. An at-home parent includes a:
  - Biological mother or father,
  - Stepmother or stepfather,
  - Adoptive parents,
  - Foster parents,
  - Legal guardian, or
  - Individuals housing a child placed by a child-placing agency for legal adoption.
To qualify for the credit, all of the following criteria must be met:
1. The child must be 12 months or younger on the last day of the tax year
2. The at-home parent must provide full-time care in their residence;
3. The child must be claimed as a dependent on the at home parent's return;
4. The total of the at-home parent's wages, tips and compensation listed on federal W-2 forms and the gross income on federal Schedule C, Profit or Loss from Business, or Schedule C-EZ, Net Profit from Business, must be $3,000 or less for the taxable year; and
5. The federal adjusted gross income is $50,000 or less.
Note: Any credit that is more than the tax liability may not be carried back or forward.
There is no form for this credit. Keep all related documents with your records.

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Views: 546 Created on: Jun 15, 2013
Date updated: Nov 19, 2014

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