UTAH

Utah families may to pay more in taxes in 2018

Apr 10, 2018, 8:28 AM | Updated: 2:14 pm

taxes...

SALT LAKE CITY — Tax changes made — and not made — during the 2018 Utah Legislature could mean a higher bill for some families.

The Utah Foundation says Utah lawmakers failed to address the impact of federal reforms on the state taxpayer exemption, and that means most Utah families will have a higher state tax bill.

“Initially, Utahns’ incomes are taxed at 5 percent. Then lower- and middle-income households qualify for taxpayer tax credits. But the federal changes reduce the amount of this tax credit received,” said Christopher Collard, a research analyst at the Utah Foundation.

The more children you have, the more you will pay.

An analysis of the laws, changes and data says a married couple with no children earning $50,000 a year will see a 20 percent savings, but a married couple making the same amount with three children will see a 19 percent increase in their tax bill.

It could be as much as $600 for a family with five children or more.

“Federal changes did not impact businesses and high-income households, but state changes did,” Collard explained. “These Utah high-income households and businesses are indirectly benefiting at the expense of these low- and middle-income households who now have to pay an additional $80 million in state taxes.”

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Utah

Xfinity outage...

Amie Schaeffer

Xfinity outage leaves thousands without internet for hours

An Xfinity outage left tens of thousands of customers without internet service for several hours. The outage started Sunday afternoon.

21 minutes ago

A Delta Airlines flight experiences turbulence, causing the injury of three passengers. (Photo by B...

Mariah Maynes

Booking.com warns of uptick in travel scams

Booking.com is warning consumers about a 900% increase in travel scams.

1 hour ago

A small American flag is illuminated by fireworks on Monday, July 4, 2022....

Tammy Kikuchi, Reporter

Fireworks season nears in Utah, here’s what you need to know

Fireworks can now be sold across Utah, but you can't light them off just yet. And they can never be lit on U.S. Forest Service or BLM land.

2 hours ago

FILE - A number of 5-mg pills of Oxycodone are displayed on June 17, 2019. Data released Tuesday, S...

Britt Johnson

New Central Utah crisis center will be “life-changing” for those struggling with opioids

An area of Utah struggling with opioid overdose deaths is getting help as a new crisis center opens in Central Utah. 

6 hours ago

A Utah County ballot drop box in 2022. Recently sent out Utah County ballots say you need to provid...

Allessandra Harris Gurr

Today is the deadline for 2024 Primary mail-in ballots to be postmarked

Planning on voting by mail this primary? Make sure your ballot is postmarked today!

7 hours ago

A field fire heading toward houses in Herriman caused crews to respond and shut down power leading ...

Mary Culbertson, KSL TV

Crews make ‘remarkable’ rescue of Herriman homes threatened by field fire

A field fire heading toward houses in Herriman caused crews to shut down power leading to over 5,500 homes.

9 hours ago

Sponsored Articles

Underwater shot of the fisherman holding the fish...

Bear Lake Convention and Visitors Bureau

Your Bear Lake fishing guide

Bear Lake offers year-round fishing opportunities. By preparing ahead of time, you might go home with a big catch!

A group of people cut a purple ribbon...

Comcast

Comcast announces major fiber network expansion in Utah

Comcast's commitment to delivering extensive coverage signifies a monumental leap toward a digitally empowered future for Utahns.

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Utah families may to pay more in taxes in 2018