Utah HB0290 amends the child tax credit to increase income phaseout thresholds and apply retroactively to 2026.

Utah HB0290 amends the state's child tax credit by raising the income thresholds for the phaseout, allowing more families to benefit from the credit. The bill applies retroactively to taxable years beginning on or after January 1, 2026. A claimant can claim a nonrefundable tax credit of $1,000 for each qualifying child, with the credit reduced for income exceeding specified limits. The credit cannot be carried forward or back if it exceeds the claimant's tax liability. The bill takes effect on May 6, 2026.

Utah HB0290 amends the child tax credit to increase income phaseout thresholds and apply retroactively to 2026.

Utah HB0290 amends the state's child tax credit by raising the income thresholds for the phaseout, allowing more families to benefit from the credit. The bill applies retroactively to taxable years beginning on or after January 1, 2026. A claimant can claim a nonrefundable tax credit of $1,000 for each qualifying child, with the credit reduced for income exceeding specified limits. The credit cannot be carried forward or back if it exceeds the claimant's tax liability. The bill takes effect on May 6, 2026.