Frequently Asked Questions
2027 incentiFive cohort
This FAQ includes information relevant to the 2027 incentiFive cohort.
Certain information within only applies to your beneficiary if your child was born between September 1, 2026, and August 31, 2027, and you enrolled in incentiFive between September 1, 2026, and December 31, 2027.
If your child is a member of a different incentiFive cohort, please select the appropriate tab above.
What is the purpose of the my529 incentiFive Program?
The my529 incentiFive Program is designed to help Utah parents establish an education savings habit by awarding incentive contributions to a my529 account for the first five years of their child’s life.
Who can participate in the incentiFive Program?
To participate, you must be a Utah resident, at least 18 years old, and the parent of a child (the incentiFive beneficiary) who qualifies for the program. The beneficiary must be a U.S. resident and born between September 1, 2026, and August 31, 2027.
What are the benefits of the incentiFive Program?
Families can receive ongoing incentive contributions for up to five years so long as they meet their minimum annual contribution requirement of $100 each year. This schedule can result in a total of $929 in incentive contributions from my529 over five years if all conditions are met.
How do I sign up for the incentiFive Program?
You can get started signing up for the my529 incentiFive Program by visiting my529.org/incentiFive. There, you can link an existing my529 individual account for your eligible beneficiary or you can sign up for a new individual account through the incentiFive portal.
Make sure to read the Terms and Conditions prior to participation.
What are the key dates for 2027 participation?
– Sign-up period: September 1, 2026, to December 31, 2027
– Contribution period: September 1, 2026, to December 31, 2027.
– Eligible birth dates for beneficiaries: September 1, 2026, to August 31, 2027.
| Beneficiary Eligibility | Sign Up and Contribution Period |
| Born September 1, 2026, to August 31, 2027 | January 1, 2027, to December 31, 2027 |
What are the requirements for contributions?
You must contribute at least $100 to the incentiFive beneficiary’s my529 account each year to qualify for the incentive contribution. If this requirement is met, you will receive $100 each year for the first four years and a final contribution of $529 in the fifth year, totaling $929.
| incentiFive Program | ||
| Year | Minimum Contribution Requirement by December 31 (annually) | my529 Incentive Contribution |
| 2027 | $100 | $100 |
| 2028 | $100 | $100 |
| 2029 | $100 | $100 |
| 2030 | $100 | $100 |
| 2031 | $100 | $529 |
When will I receive my incentive contribution from my529?
incentiFive accounts that have a minimum total of $100 in contributions between January 1 and December 31 will receive a $100 incentive contribution from my529 deposited in their my529 account, which will be fulfilled on or about two weeks after the end of the quarter in which the $100 minimum is reached for the year. (Quarters end March 31, June 30, September 30 and December 31.)
Can contributions come from other sources?
Yes! Friends and family can contribute through my529’s gifting platform, and employer contributions or rollovers from another 529 account are also permitted. All contributions to a my529 account, regardless of the source, counts toward the minimal annual cumulative contribution limit.
What happens if I miss a contribution?
If you miss your minimum cumulative annual contribution of $100 for any year of the program, you will not be eligible for the $100 incentive contribution for that year. You will remain in the program, but you will only be eligible for a $100 incentive in the fifth year, instead of the full $529.
Can I change my investment options in the my529 account?
Yes, you can change your investment options according to regular my529 guidelines.
Are there tax advantages associated with the my529 account?
Yes, my529 accounts offer various tax advantages. For more details, please refer to the my529 Program Description.
Can I be disqualified from incentiFive participation?
incentiFive account owners who make a withdrawal (whether qualified or nonqualified); transfer funds; close their my529 account; change the beneficiary from the incentiFive beneficiary; or rollover into a non-my529 account during program participation are immediately disqualified from further participation in the incentiFive Program and will not receive future incentive contributions or any other program incentives.
Can the program be terminated?
Yes, my529 retains the discretion to terminate the incentiFive Program at any time and for any reason.
2026 incentiFive cohort
This FAQ includes information relevant to the 2026 incentiFive cohort.
Certain information within only applies to your beneficiary if your child was born between September 1, 2025, and August 31, 2026, and you enrolled in incentiFive between January 1, 2026, and December 31, 2026.
If your child is a member of a different incentiFive cohort, please select the appropriate tab above.
What is the purpose of the my529 incentiFive Program?
The my529 incentiFive Program is designed to help Utah parents establish an education savings habit by awarding incentive contributions to a my529 account for the first five years of their child’s life.
Who can participate in the incentiFive Program?
To participate, you must be a Utah resident, at least 18 years old, and the parent of a child (the incentiFive beneficiary) who qualifies for the program. The beneficiary must be a U.S. resident and born between September 1, 2025, and August 31, 2026.
What are the benefits of the incentiFive Program?
Families can receive ongoing incentive contributions for up to five years so long as they meet their minimum annual contribution requirement of $100 each year. This schedule can result in a total of $929 in incentive contributions from my529 over five years if all conditions are met.
How do I sign up for the incentiFive Program?
You can get started signing up for the my529 incentiFive Program by visiting my529.org/incentiFive. There, you can link an existing my529 individual account for your eligible beneficiary or you can sign up for a new individual account through the incentiFive portal.
Make sure to read the Terms and Conditions prior to participation.
What are the key dates for 2026 participation?
– Sign-up period: January 1, 2026, to December 31, 2026
– Contribution period: January 1, 2026, to December 31, 2026.
– Eligible birth dates for beneficiaries: September 1, 2025, to August 31, 2026.
| Beneficiary Eligibility | Sign Up and Contribution Period |
| Born September 1, 2025, to August 31, 2026 | January 1, 2026, to December 31, 2026 |
What are the requirements for contributions?
You must contribute at least $100 to the incentiFive beneficiary’s my529 account each year to qualify for the incentive contribution. If this requirement is met, you will receive $100 each year for the first four years and a final contribution of $529 in the fifth year, totaling $929.
| incentiFive Program | ||
| Year | Minimum Contribution Requirement by December 31 (annually) | my529 Incentive Contribution |
| 2026 | $100 | $100 |
| 2027 | $100 | $100 |
| 2028 | $100 | $100 |
| 2029 | $100 | $100 |
| 2030 | $100 | $529 |
When will I receive my incentive contribution from my529?
incentiFive accounts that have a minimum total of $100 in contributions between January 1 and December 31 will receive a $100 incentive contribution from my529 deposited in their my529 account, which will be fulfilled on or about two weeks after the end of the quarter in which the $100 minimum is reached for the year. (Quarters end March 31, June 30, September 30 and December 31.)
Can contributions come from other sources?
Yes! Friends and family can contribute through my529’s gifting platform, and employer contributions or rollovers from another 529 account are also permitted. All contributions to a my529 account, regardless of the source, counts toward the minimal annual cumulative contribution limit.
What happens if I miss a contribution?
If you miss your minimum cumulative annual contribution of $100 for any year of the program, you will not be eligible for the $100 incentive contribution for that year. You will remain in the program, but you will only be eligible for a $100 incentive in the fifth year, instead of the full $529.
Can I change my investment options in the my529 account?
Yes, you can change your investment options according to regular my529 guidelines.
Are there tax advantages associated with the my529 account?
Yes, my529 accounts offer various tax advantages. For more details, please refer to the my529 Program Description.
Can I be disqualified from incentiFive participation?
incentiFive account owners who make a withdrawal (whether qualified or nonqualified); transfer funds; close their my529 account; change the beneficiary from the incentiFive beneficiary; or rollover into a non-my529 account during program participation are immediately disqualified from further participation in the incentiFive Program and will not receive future incentive contributions or any other program incentives.
Can the program be terminated?
Yes, my529 retains the discretion to terminate the incentiFive Program at any time and for any reason.
Key info to know
To be eligible for the program your beneficiary must have:
- Been born within an incentiFive-eligible date range.
Your child must also:
- Have a physical address in the U.S.
- Have a valid Social Security Number or Taxpayer Identification Number.
To be eligible for the program as an account owner, you must:
- Be the parent of your beneficiary.
- Be a Utah resident.
- Be at least 18 years old.
Your beneficiary does not need to be a Utah resident.
Program deadlines
If your child was born between September 1, 2025, and August 31, 2026, the last day you can sign up for incentiFive is:
December 31, 2026
If your child was born between September 1, 2026, and August 31, 2027, the last day you can sign up for incentiFive is:
December 31, 2027
Related Topics
College Savings Estimator
my529 Video Library
Tax Advantages
Qualified Expenses
my529’s Low Fees
