Utah 2024 Income Tax Rate Bill Passes

At A Glance

• Senate Bill 69 reduces the Utah state income tax rate retroactive to the beginning of 2024.
• Base allowances and the amount subtracted from wages on Line 4 have increased for both single and married filing statuses.

Summary

On March 14, 2024, Utah Governor Spencer Cox signed Senate Bill 69, which reduces the individual state income tax rate from 4.65% to 4.55% retroactive to January 1, 2024. This bill also increases line 3 (base allowance) and line 4 (amount subtracted from wages) values for both single and married filing statuses.

Filing Status	Line 3 Base Allowances	Line 4 Wage Subtractions
Single	$415 > $440	$8,371 > $8,826
Married	$830 > $880	$16,742 > $17,652

Next Steps

Paylocity will update the 2024 Utah withholding rate to 4.55% per this legislation. This rate reduction will not require any adjustments to withholding amounts in payroll, as the state will refund individuals any excess tax collected as part of their personal income tax filing for the 2024 tax year.

Thank you for choosing Paylocity as your Payroll Tax and HCM partner. This information is provided as a courtesy, may change, and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney, or Advisor.