UTAH 529 PLAN · TAX YEAR 2026
Utah 529 tax credit calculator
Utah gives a credit of 4.45% of 529 contributions up to $2,560 per beneficiary ($5,120 on a joint return) for 2026. A single filer with $75,000 of wages who contributes $5,000 saves $114 of Utah tax.
State tax saved
- Utah tax saved
- $113.92
- Credit
- $113.92
- Contributions counted
- $2,560.00
- Credit rate
- 4.45%
- Utah tax before
- $3,109.73
- Utah tax after
- $2,995.81
Utah tax saved by contribution
With $75,000 of wages and one beneficiary.
| Contribution | Single | Married filing jointly |
|---|---|---|
| $1,000 | $45 | $45 |
| $5,000 | $114 | $223 |
| $10,000 | $114 | $228 |
| $20,000 | $114 | $228 |
Utah 529 tax questions
Does Utah have a 529 tax deduction?
Yes. Utah gives a credit of 4.45% of 529 contributions up to $2,560 per beneficiary ($5,120 on a joint return) for 2026.
How much does a $5,000 529 contribution save in Utah?
$114 of Utah tax for a single filer with $75,000 of wages, and $223 for a married couple filing jointly with the same income.
Which 529 plans qualify for Utah's credit?
Only my529, and only for a beneficiary younger than 19 when named on the account.
Is a nonqualified my529 withdrawal taxed in Utah?
Yes. The withdrawal is added back to Utah income, and the earnings are taxed.
What the calculator leaves out
- The calculator limits the credit to Utah tax.
The calculator assumes the contribution goes to a plan that qualifies for the state's benefit: the state's own plan unless the state accepts any 529 plan. Wages are the only income, and they stand in for the income a state tests against its limits. Per-beneficiary limits assume the contribution is split evenly. Federal tax does not change, because 529 contributions aren't federally deductible. Carryforwards of earlier contributions, recapture on nonqualified withdrawals and city or school district taxes are left out.