How much money can I contribute to my 529 account?

The amount: $560,000. my529 will accept contributions to your account or accounts until all account balances for the same beneficiary total $560,000. What it means: the maximum aggregate of $560,000 represents the maximum estimated cost of four years of college and two years of graduate school. Subject to change.

Does Utah have a state tax credit for my529 contributions?

Utah has raised the maximum my529 contribution amounts eligible for a state tax credit. Effective Jan. 1, 2022, individuals qualify for a Utah state tax credit for contribution amounts up to $2,130 per qualified beneficiary.

What are the tax benefits of a 529 plan in Utah?

Here are the special tax benefits and considerations for using a 529 plan in Utah. Utah offers a state tax credit of up to 4.85% of contributions, with a limit of contributions eligible of $2,410 for single filers and $4,820 for married filers in 2024. Eligible beneficiaries must be under 19 for the contribution to qualify for the tax credit.