- About my529
- Voluntary Subtraction from Refund — Contributing Your Tax Refund to a Utah my529
- my529 Website
If a qualified contribution was made to your my529 account, you may claim a nonrefundable credit. To qualify, the contribution must be made during the taxable year and must not have been deducted on your federal return.
If you are a my529 account owner, you will receive form TC-675H, my529 Tax Statement for Contributions, Withdrawals, and Transfers, from my529. If your filing status is single, head of household, married filing separate or qualifying widow(er), enter on TC-40A, Part 3, the amount from TC-675H, box 1A. If your filing status is married filing joint, enter the amount from TC-675H, box 1B. Use code 20.
If you are a grantor trust and you receive more than one TC-675H for the same beneficiary, contact my529 for instructions to correctly calculate the credit.
Keep form TC-675H with your records to provide the Tax Commission upon request. If you have any questions about my529 accounts, call my529 at 1-800-418-2551, or visit my529.org.
Note: You may not carry forward or back any credit that is more than your tax liability.