Student Prosperity Savings Program (Code AB)

UC §59-10-1017.1

You may claim a credit for 5 percent of a qualified donation to the Student Prosperity Savings Program. You will receive a donation receipt from the plan. Keep this receipt with your records. You may claim this credit in addition to the my529 Credit if you also make a qualified contribution to a my529 account. You must donate to the Student Prosperity Savings Program in order to claim this credit.

You may not claim a credit for an amount already deducted on your federal income tax return.

Credit Calculation

Donation _______ x .05 = Credit _________

Note: You may not carry forward or back any credit that is more than your tax liability.

For more information, contact:

Utah my529