529 contributions in Oregon
Varies
Are 529 Contributions Tax Deductible in Oregon?
Short answer: Yes on your Oregon return: Refundable credit up to $190 single / $380 joint; credit % of contribution set by AGI (100% to 5%). Only contributions to the state's own plan count. Replaced the subtraction in 2020; contributions count until filing deadline; credit forfeited if funds later withdrawn for unrelated use.
There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
529 contributions in Oregon
Varies
Individuals / Personal Taxes
Yes on your Oregon return: Refundable credit up to $190 single / $380 joint; credit % of contribution set by AGI (100% to 5%). Only contributions to the state's own plan count. Replaced the subtraction in 2020; contributions count until filing deadline; credit forfeited if funds later withdrawn for unrelated use.
Business justification
Yes on your Oregon return: Refundable credit up to $190 single / $380 joint; credit % of contribution set by AGI (100% to 5%). Only contributions to the state's own plan count. Replaced the subtraction in 2020; contributions count until filing deadline; credit forfeited if funds later withdrawn for unrelated use. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions