Fall 2024

Fall 2024

  • Pitching education savings to the nation

    Pitching education savings to the nation

    my529 executive director talks 529s on national TV. We are excited to share some news with you all — my529’s executive director, Richard Ellis, recently had the opportunity to appear on a national talk show, The Balancing Act on Lifetime Television, with Montel Williams to discuss 529 plans. This was a fantastic opportunity to spread…

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  • New withdrawal option a game-changer for expenses

    New withdrawal option a game-changer for expenses

    Our new withdrawal option transforms how you manage education costs. Meet the my529 Access Discover® Prepaid Card — the modern way to access funds for tuition, housing, books and other qualified education expenses. This prepaid card seamlessly integrates with your existing my529 account, making it easy to track and manage your student’s school-related spending. Here…

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  • Fast-track your tuition payments

    Fast-track your tuition payments

    my529 has a direct-to-school payment service that allows account owners to send an expedited withdrawal to a participating eligible education institution. It’s fast, convenient and trackable. Secure electronic payments arrive at the institution within approximately two to three business days and account owners can monitor the status. This convenient service costs just $3.50 per transaction,…

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  • Give the gift of education

    Give the gift of education

    As it celebrated its 10th year, my529’s Gift Program marked another impressive milestone in August 2024: $529 million in gift contributions over the life of the program. We at my529 were delighted by the synchronicity of “529” in the total amount of contributions, which, as of September 30, 2024, now stands at $536.7 million. With…

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  • Utah state tax benefits information for 2024

    Utah state tax benefits information for 2024

    Depending on their tax-filing status, Utah taxpayers can claim a 4.55% tax credit or deduction up to a certain limit per qualified beneficiary for contributions to their my529 account1. See table below for specific information. Tax filer Maximum Allowable Contribution Eligible for Utah State Income Tax Credit Maximum Utah State Income Tax Credit per Beneficiary…

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  • 2024 year-end deadlines

    2024 year-end deadlines

    Here are the year-end deadlines for contributions and other transactions. It’s important to meet the deadlines to qualify for certain tax benefits. Transaction Online Process Deadline1 Manual Process Deadline2 Contributions Tuesday, December 31, 2024 Tuesday, December 31, 2024 New Accounts Tuesday, December 31, 2024 Tuesday, December 31, 2024 Withdrawals Tuesday, December 31, 2024 Tuesday, December…

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Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that includes FDIC-insured accounts as an underlying investment. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating™ for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

my529 does not pay commissions, loads or sales charges to financial advisors nor does it endorse financial advisors.

Information on this website is believed to be accurate when posted and is qualified in its entirety by the Program Description.

Utah Educational Savings Plan®

UESP®

Utah Educational Savings Plan® and UESP® are registered service marks.