1031 Exchange Utah

Utah Opportunity Zones

Capital Gains Rates

State Rate 4.85%

Local Rate 0.00%

Deduction None

Combined Rate 29.85%

Additional State Capital Gains Tax Information for Utah

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

Additional State Income Tax Information for Utah

Standard deduction or personal exemption is structured as a tax credit. Utah provides a tax credit worth 6% of a $565 dependent deduction.

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Source: Tax Foundation State Individual Tax Rates and Brackets for 2020 as of March 2020