It’s never too early to save for your student’s higher education. Even small amounts invested regularly can potentially grow to be a sizeable sum. A tax-advantaged my529 college savings account can help.

my529 is Utah’s official and only tax-advantaged 529 college savings plan. One of the nation’s top 529 plans, my529 offers 14 flexible and innovative investment options, including two customized options. Other benefits include:

  • Opening an account is free and no minimum balance is required.
  • Fees are low.
  • Earnings grow deferred from federal and Utah state income taxes and are tax-free when used for qualified higher education expenses such as tuition, mandatory fees, required books and supplies, and certain room-and-board costs.
  • Utah taxpayers may claim a 5% Utah state income tax credit for each account they own for contributions up to a certain amount.