my529 (Utah Educational Savings Plan)
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Utah
At a glance
- Contribution benefit
- A tax credit
A 4.45% credit for each beneficiary's account, capped at $113.92 filing single or $227.84 filing jointly. Credits are unlimited in number for eligible state taxpayers.
- K–12 distributions
- Not listed as non-conforming
Utah is not among the thirteen states the manuscript lists as disallowing K–12 distributions. Confirm against the program description below.
- Aggregate contribution maximum
- $606,000
- Creditor & bankruptcy protection
State exemptions protect funds held at least 18 months before a bankruptcy petition, up to $200,000 per account owner. No protection for funds held less than 18 months.
Plans
Program description ↗
What the book says about Utah
- The state tax credit is only available if the account was started for a beneficiary before their 19th birthday.
- Entity accounts have deposit rates of a single filer — a 2026 maximum of $2,560 per beneficiary ($5,120 joint).
- my529 reports a transfer to the Utah State Tax Commission for likely taxation when a Utah taxpayer moves money from an account whose beneficiary was under 19 when designated to one whose beneficiary was 19 or older.
- For K–12 expenses, my529 will issue a check only to the account owner.
- Rollovers for a different beneficiary are limited to 2 times per year.
- No minimum initial contribution.
Flagship public university
Univ. of Utah
| Tuition & fees | Room | Board | Books | Total | vs. national |
|---|---|---|---|---|---|
| $9,261 | $7,600 | $5,000 | $1,250 | $23,111 | -5.4% |
National average across all 50 states: $26,485 per year, in-state, 2025–26. Compare every state →
No statement or example on this site should be considered a specific recommendation for your personal situation. Investing and tax strategies each carry significant risks. Examples herein may not apply to your situation. Please consult your estate attorney, tax advisor, or financial advisor for personal advice.