For Utah Residents

father playing with his toddler son

The Utah Legislature established my529 in 1996 to help you save for college.

The mission of my529 is to provide the best 529 educational savings plan at the lowest possible cost, and my529 is the plan of choice for Utah residents.

Why Utahns choose my529

  • my529 offers a variety of investment options.
  • Investment options comprise Vanguard and Dimensional funds and FDIC-insured accounts.

Accounts are easy to set up

  • No enrollment fee.
  • No minimum balance or contribution is required.

Low fees

  • my529 has some of the lowest fees nationwide.
  • Learn more about low fees.

Tax benefits

  • Account earnings grow deferred from federal and Utah state income tax. This means any earnings in your account are not taxed as they accumulate.
  • Individual Utah taxpayers can claim a Utah state income tax credit for contributions to their accounts, up to a certain limit.
  • You pay no federal or Utah state income tax if your withdrawals are used for qualified higher education expenses.