Fiscally Responsible Tax Cuts
Our commitment to responsible financial stewardship has driven remarkable growth and resilience, enabling tax reductions of more than $1.4 billion over the past five years, all while making historic investments in education, water conservation and infrastructure, homelessness, affordable housing and energy.
Utahns deserve to keep more of their hard-earned money throughout every stage of life. Whether it's retirees on fixed incomes, young families or hardworking individuals, this session’s $127 million in tax relief offers meaningful financial support and fosters upward mobility for all.
2025 Tax Relief for All Utahns
- Income Tax: Reduced the income tax rate to 4.5%. Providing financial relief to all Utahns, promotes upward mobility and helps Utah remain competitive.
- Social Security Tax: Eliminated social security tax for households earning up to $90,000, strengthening financial security for Utah’s retirees.
- Child Tax Credit: Expanded the child tax credit by two years, providing support for young families with children aged 6 and under, helping them thrive and build a brighter future.
- Child Tax Credit for Businesses: Encouraged businesses to invest in the future of children by offering tax credits for companies that build and operate childcare facilities for their employees.
Utah is the nation’s most resilient state in the face of economic uncertainties, consistently ranked as the best state for economic outlook over the past 17 years and as the best-managed state two years in a row. We are committed to positioning Utah for today’s needs and tomorrow’s demands by prioritizing strategic investments and fiscally responsible budget choices.