What you should know before opening a my529 college savings account.

Who can open an account?

Anyone who is at least 18 years old and possesses a valid Social Security or Tax Identification Number. You do not have to be a Utah resident to open an account on behalf of a beneficiary.

Who can be a beneficiary?

Anyone with a valid Social Security or Tax Identification Number can be the beneficiary of your account.

  • The account owner and beneficiary can be the same person.
  • The account owner and beneficiary do not need to be related.
  • The beneficiary must be younger than age 19 when designated on the account for a Utah resident account owner to claim a Utah state income tax credit or deduction.
  • The beneficiary does not have to be a Utah resident.

Who can contribute?

Anyone can contribute to a my529 account.

How to contribute

  • Check
  • One-time or recurring electronic contribution
  • my529 Gift Program
  • Payroll contribution
  • Online bill pay
  • Money order
  • Wire transfer
  • Special occasion electronic contribution