Achieving a Better Life Experience Program Credit (Code 63)

UC §59-10-1035

You may claim a credit for 5 percent of the total qualified contributions you made to an Achieving a Better Life Experience Program account on behalf of a beneficiary for the payment of qualified disability expenses. You must make the contributions during the taxable year and have an itemized statement from the account administrator for these contributions.

You may not claim a credit for an amount greater than the federal gift tax exclusion (IRC Section 2503) or an amount already deducted on your federal income tax return.

Credit calculation

Contributions _______ x .05 = Credit _________

Note: Any credit that is more than the tax liability may not be carried back or forward.

For more information, contact:

Department of Workforce Services
140 E 300 S
P.O. Box 45249
Salt Lake City, UT 84145-0249