You may claim a credit for 4.65 percent of the total qualified contributions you made to a Utah resident’s Achieving a Better Life Experience Program account. You must make the contributions during the taxable year and have an itemized statement from the qualified ABLE program. You may not claim a credit for an amount of a contribution that is returned to you or an amount already deducted on your federal income tax return.
Contributions _______ x .0465 = Credit _________
Note: You may not carry forward or back any credit that is more than your tax liability.
For more information, contact:
Department of Workforce Services – ABLEUtah
1595 West 500 South
Salt Lake City, Utah 84104-5238