Free 2008 TC-40C Retirement Credit Schedule - Utah

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TC-40C
SSN
Rev. 12/08

40087

Retirement Credit Schedule
Last name

Part 1 - Taxpayer Information
1 Date of birth (if born after 1952, you do not qualify for credit)

You

Spouse

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Part 2 - Age 65 or Over - Credit
2 3 4 Enter "X" in box if you were age 65 or older and born before January 1, 1953 Enter total number of boxes checked on line 2 Multiply the number on line 3 by $450

Part 3 - Under Age 65 - Retirement Income Credit
5 6 7 8 9 1 0 Enter "X" if you were under age 65 and born before January 1, 1953 If you checked a box on line 5, enter $288 in the same column Enter total qualified retirement income for column checked on line 5 Multiply the amount on line 7 for each column by .06 (6%) Enter the lesser of line 6 or line 8 for each column Enter the total of both columns of line 9

Part 4 - Calculation of Credit
1 1 1 2 1 3 1 4 1 5 Add line 4 and line 10 Enter total income from your TC-40, line 6 Enter nontaxable interest income (federal form 1040 or 1040A, line 8b) Modified adjusted gross income (add line 12 and line 13) Enter: $16,000, if married filing separately $25,000 if single $32,000 if married filing jointly or surviving widow(er) $32,000 if head of household Subtract line 15 from line 14 - if less than zero, enter "0" Multiply line 16 by .025 (2.5%) Retirement Credit - subtract line 17 from line 11. If less than zero, enter "0"

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Enter the amount from line 18 on TC-40A, Part 3, using code 18 and attach this TC-40C to your Utah return