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  • Form 300 Withdrawal Request - Utah Educational Savings Plan - Uesp

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For UESP Use Only UESP Account Date Received by UESP Clear form Form 300 Withdrawal Request User Initials After printing the completed form, close your browser to protect your personal information.

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A provision for 529 plans allows a person to contribute $85,000 ($170,000 for married couples) in one year by treating the contribution as if it were made in equal installments over five years.

Utah 529 Rules and Tax Deduction Single state residents can take a tax credit on contributions they make to the Utah 529 plan — 5% on up to $2,130 spent per beneficiary. That's $106.50 maximum. Married residents who file jointly can take a tax credit of 5% on up to $4,260 per beneficiary for married couples.

You can call your plan administrator, make a request online, or submit a withdrawal request form. The plan can send withdrawals by check to the account owner, the beneficiary, or the school. You can transfer the money to yourself or the beneficiary electronically and then make payment to the school.

A 529 plan is a tax-advantaged vehicle designed to encourage individuals to invest for future qualified higher education expenses. 529 funds can also be used to pay up to $10,000 of annual K-12 tuition expenses. My529 is the official 529 plan established and sponsored by the State of Utah.

my529 earns Morningstar Gold For the 12th straight year, my529 has been singled out as one of the premier 529 educational savings plans by a leading industry analyst, Morningstar. Utah's educational savings plan is consistently recognized for investment options, stewardship and low fees.

Earnings on nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty, as well as state and local income taxes. Utah corporations can claim a state income tax deduction for contributions up to certain limits.

Log in to your my529 account. Click “Withdrawals” and follow the prompts. Funds can be deposited electronically into your or your beneficiary's bank account.

State tax deduction or credit for contributions: Contributions to the Utah 529 plan of up to $2,290 in 2023 per beneficiary by an individual, and up to $4,580 in 2023 per beneficiary by a married couple filing jointly, are eligible for a 4.85% credit against Utah income tax.

Utah state income tax benefits Tax filerContributionsCredit2022 Maximum Allowable Contribution for Utah State Income Tax Credit2022 Maximum Utah State Income Tax Credit per Beneficiary (4.85%)Single$2,130$103.30Joint$4,260$206.61Trusts$2,130$103.303 more rows

A 529 plan is a tax-advantaged vehicle designed to encourage individuals to invest for future qualified higher education expenses. 529 funds can also be used to pay up to $10,000 of annual K-12 tuition expenses. My529 is the official 529 plan established and sponsored by the State of Utah.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232