Utah State Tax Benefits Information

Utah taxpayers, depending on their tax filing status, can claim a 5 percent tax credit/deduction per qualified beneficiary for contributions to their UESP account up to a certain limit. See table below for specific information.

Married couples are not required to have separate UESP accounts to claim the joint tax benefits. However, if both spouses own separate accounts for the same beneficiary, each will receive a Utah state tax form TC-675H for his or her account. Their aggregated maximum Utah state income tax credit is then limited to one joint tax credit per qualified beneficiary.

For UGMA/UTMA accounts, only the account owner, who is also the beneficiary, is eligible for state tax benefits, even if the account owner is a minor.

A nonresident or part-year Utah resident can claim only a prorated amount of the Utah state income tax credit.