Simple Cost Sharing Agreement With 529 In Utah
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
How do I open an account? Read the Program Description. Open your individual account online or by submitting an Individual Account Agreement (Form 100). Open an individual, institutional, or UGMA/UTMA account by submitting the appropriate Account Agreement form (Form 100, 102, or 104).
Utah's plan garners honors. Morningstar awarded my529 its top analyst rating based on the following criteria: Underlying investment quality and selection process. Asset allocation methodology.
Depending on their tax-filing status, Utah taxpayers can claim a 4.55% tax credit or deduction up to a certain limit per qualified beneficiary for contributions to their my529 account1.
State tax deduction or credit for contributions: Contributions to the Utah 529 plan of up to $2,490 in 2025 per beneficiary by an individual, and up to $4,980 in 2025 per beneficiary by a married couple filing jointly, are eligible for a 4.55% credit against Utah income tax.
State tax deduction or credit for contributions: Contributions to the Utah 529 plan of up to $2,490 in 2025 per beneficiary by an individual, and up to $4,980 in 2025 per beneficiary by a married couple filing jointly, are eligible for a 4.55% credit against Utah income tax.
If an investor opened a tax-deferred 529 account with an initial investment of $2,500 and contributed $100 every month for 18 years, the account could be worth over $6,300 more than with similar contributions into a taxable account.
There is no specific minimum contribution requirement for friends and family making a gift to a 529 account. There is no specific minimum contribution requirement for payroll direct. Single filers can deduct up to $10,000 from contributions made to the 529 plan.
