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Voluntary Subtraction from Refund — Contributing Your Tax Refund to a Utah my529


Formerly called UESP

Utah Code §59-10-1313

You may contribute all or part of your refund to your Utah my529 individual account(s) by entering the amount you want deposited. The deposit will be sent to my529 with your name, address and Social Security number as identification.

My529 will deposit your refund into your Utah my529 account(s). If you have multiple my529 individual accounts under your Social Security number, your refund will be divided equally among all your individual accounts. Both Social Se- curity numbers from a joint return will be matched to existing my529 individual accounts for dividing the refund.

If you do not have a my529 individual account, my529 will send you information to open an account. If you do not open an account within the designated time frame, your refund will be returned to you by my529 without interest or earnings.

Note: Your refund will not be contributed to your my529 individual account until your return has completed process- ing, which may take up to 90 days. Any outstanding federal or state debt you owe may be subtracted from your refund before it is contributed to your my529 individual account(s). The refund will be treated as a current year contribution in the year contributed.

For more information about my529 accounts: