Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
SALT LAKE CITY (AP) -- Utah taxpayers have until Friday to reduce their 2010 state income taxes by contributing online to a Utah Educational Savings Plan college savings account.
For 2010, Utah taxpayers can claim a 5 percent state income tax credit for UESP contributions up to $1,710 per beneficiary for single filers.
That equals an $85.50 tax savings.
To qualify for the credit, the beneficiary on the account must have been designated before turning 19.
Mailed contributions postmarked on or before Dec. 31, but received by UESP in 2011 will be recorded as 2011 tax year contributions and will not be eligible for the 2010 Utah state tax credit.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
