Getting a Utah income tax refund? Contribute it to your my529 account.

Utah taxpayers can provide a boost to their my529 accounts via their state income tax refund. Account owners have the option to contribute all or part of their 2022 Utah state income tax refund directly into their my529 account(s).

In your tax preparation software and on Utah tax form TC-40, enter the amount of the refund to send to your my529 account(s).

If you own more than one account, the tax refund contribution is distributed equally among all individual accounts. The same applies to married couples who file taxes jointly.

Tax refunds can be contributed only to individual my529 accounts — not institutional or UGMA/UTMA accounts.

Utah taxpayers who do not own an account can indicate on a Utah state individual income tax return that they wish to contribute. my529 then will send them information on how to open an account.

Utah state income tax returns

  • Contribute all or a portion to your my529 account.
  • Only contribute to individual accounts.
  • Contribution distributed equally among all individual accounts you own.

Learn more

Read about tax advantages from saving for college with my529.

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