Utah State Taxpayers Can Now Contribute a Partial Refund to a UESP Account

The State of Utah and Utah Educational Savings Plan (UESP) have made it easier for Utah taxpayers to save for college at tax time.

Beginning in the 2016 tax year, Utah taxpayers have the option to decide how much of their state income tax refund they would like to contribute to their UESP account(s)—whether “some or all.”

When you fill out your 2016 Utah state income tax return, list the desired contribution amount by entering it in Part 5 “Utah Educational Savings Plan—Refund Application” on page 3. To contribute the entire refund amount, mark “all.” To contribute a portion of the return, enter the desired amount. The refund will be distributed equally among all UESP accounts that you own.

If you do not have a UESP account, you must open one before UESP can place the refund amount into your account.

Utah taxpayers have been able to send their entire state tax refund to their UESP account(s) since 2009. This is the first year they can designate that a portion of their Utah state tax refund be used to make a contribution to their UESP account(s).