Smartasset Paycheck Calculator Utah (2024)

FAQs

How much is $50,000 after taxes in Utah? ›

If you make $50,000 a year living in the region of Utah, USA, you will be taxed $10,491. That means that your net pay will be $39,510 per year, or $3,292 per month.

If you make $100,000 a year living in the region of Utah, USA, you will be taxed $27,268. That means that your net pay will be $72,732 per year, or $6,061 per month.

Utah has a very simple income tax system with just a single flat rate. All taxpayers in Utah pay a 4.65% state income tax rate, regardless of filing status or income tier. No cities in the Beehive State have local income taxes. Of course, Utah taxpayers also have to pay federal income taxes.

Utah has a statewide flat income tax rate of 4.65%. The sales tax rate here is also near the U.S. average. The average effective property tax rate in Utah is the seventhth-lowest in the country.

$36,119 is the 25th percentile. Salaries below this are outliers. $61,960 is the 75th percentile.

If you make $150,000 a year living in the region of Utah, USA, you will be taxed $45,292. That means that your net pay will be $104,709 per year, or $8,726 per month.

If you make $200,000 a year living in the region of Utah, USA, you will be taxed $61,802. That means that your net pay will be $138,199 per year, or $11,517 per month.

If you make $250,000 a year living in the region of Utah, USA, you will be taxed $82,468. That means that your net pay will be $167,532 per year, or $13,961 per month.

Since 2018, Utah has had a flat tax rate of 4.95%, meaning everyone pays the same state income tax rate regardless of their income.

What state has the lowest taxes? ›

Affordable and Safe: Compared to other major cities, Utah offers a relatively lower cost of living, making it easier to manage your budget while studying. Additionally, Utah is consistently ranked as one of the safest states in the US, providing a secure and peaceful environment for students.

Utah has a flat 4.55 percent individual income tax rate. Utah has a 4.55 percent corporate income tax rate. Utah also has a 6.10 percent state sales tax rate and an average combined state and local sales tax rate of 7.25 percent. Utah has a 0.47 percent effective property tax rate on owner-occupied housing value.

The Manufacturing, Real Estate and Rental and Leasing and Professional, Scientific and Technical Services sectors contributed the most to Utah's GDP in 2022, representing a combined 38.1% of state GDP.

The formula for calculating the sales tax on a good or service is: selling price x sales tax rate, and when calculating the total cost of a purchase, the formula is: total sale amount = selling price + sales tax.

If you make $70,000 a year living in the region of Utah, USA, you will be taxed $16,918. That means that your net pay will be $53,082 per year, or $4,424 per month.

If you make $60,000 a year living in the region of Utah, USA, you will be taxed $13,468. That means that your net pay will be $46,532 per year, or $3,878 per month.

If you make $55,000 a year living in the region of Utah, USA, you will be taxed $11,743. That means that your net pay will be $43,257 per year, or $3,605 per month.

If you make $40,000 a year living in the region of Utah, USA, you will be taxed $8,041. That means that your net pay will be $31,960 per year, or $2,663 per month.