Social Security Tax Amendments

HB 130 modifies Utah's tax credit for social security benefits by raising income thresholds that determine eligibility. It increases the phaseout limits from $37,500 to $45,000 for married filing separately, $45,000 to $54,000 for single filers, and $75,000 to $90,000 for head of household and joint filers. This change directly affects Utah residents receiving social security benefits who previously lost the credit at lower income levels. The bill makes technical adjustments to the existing credit structure without appropriating new funds and applies retroactively to tax years beginning January 1, 2025.