It’s easy to contribute your Utah tax refund 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 2021 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 you decide to send to your my529 account(s).

For those who own more than one account, the tax refund contribution will be distributed equally among all individual accounts. The same applies to married couples who file taxes jointly.

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

If a Utah taxpayer does not own an account but indicates on a Utah state individual income tax return that they wish to make a contribution, my529 will send information on how to open an account.