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Utah taxpayers can get a state tax credit for contributing up to $2,560 (single) or $5,120 (joint) a year, generally only for the in-state plan. Here are the facts on Utah's direct-sold 529 plan (the one you open yourself, without an advisor).
Utah provides an apportionable, nonrefundable 4.6555% individual income and fiduciary tax credit for qualified investment (contributions) in 529 plans administered by my529. The contribution must be made during the taxable year and not deducted on the federal return. The 20232024 credit is (1)4.6555% of the lesser of the contribution made during the tax year2,290410 or $ per beneficiary for individual filers (maximum credit =106.48109.66); $ or (2) 4.6555% of the lesser of the contribution made during the tax year or $4,850 per820per beneficiary for married filing joint filers (maximum credit = $212.97219.31). These same limits apply to a Grantor Trust if it is a disregarded entity for federal income tax purposes. The credit may not be carried back or forward and is apportioned for nonresident and part -year residents. The credit may only be claimed by the my529 account owner. Utah also
Summary of state law from the ICI 2025 state tax survey; it may predate 2026 changes.
2026 limits and parity: Savingforcollege. Manager, fees and minimum: only when stated on the plan's homepage text we read (2026-10-12); otherwise 'not found'. Check the plan's disclosure document for exact fees.
Yes: a credit for up to $2,560 (single) / $5,120 (joint) of contributions in 2026
No. You can use any state's plan; you may lose your state's tax break if your state doesn't offer tax parity.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.