Utah Department of Revenue, Utah Tax

Utah Business Corporate Tax, Utah Personal Income Tax, Utah Sales Tax Rates

What is the Utah Corporate net income tax rate(s)?

5% with a minimum tax payment for the Corporation franchise privilege tax of $100 for every return.

S corporations do not have to pay the minimum franchise tax.

What is the Utah personal net income tax rate(s)?

5%

What is the average Utah sales tax rate(s)?

6.61%. The state has a 6% tax, but the average local tax is .61% making a total of 6.61%.

Are there standard deductions?

Single:   no
Joint:   no

Are there personal exemptions?

Single:   $2625
Dependants:   $2625

What forms do you file for your Utah taxes?

C corporations:   Form TC-20
S corporations:   Form TC-S
Partnerships:   Form TC-65
Individual:   Form TC-40

Estimated tax payments?

Utah does not require estimated payments for people paying the tax individually. C corporations having a tax liability of $3,000 or more must make quarterly tax payments with form TC-559.

Utah Department of Revenue:

If you use Northwest Registered Agent as your registered agent, you'll have an online account to track your company in, receive notification reminders to file your annual reports on time, annual tax reminders, and new State information reminders. All for a low annual flat rate fee of $125 a year. We also help incorporate new Utah businesses for only $100.