Can I open an Oregon 529 college savings plan for a beneficiary who does not live in Oregon? Will my contributions to that plan be eligible for the $2,000 Oregon State tax deduction?
Yes. The beneficiary of an Oregon 529 college savings plan can live in any state and can use the 529 savings to attend an eligible educational institution anywhere in the United States or abroad. If you pay Oregon income taxes, contributions to an Oregon 529 plan for an out-of-state beneficiary are eligible for the $2,000 state tax deduction.
Related Questions
- Can I open an Oregon 529 college savings plan for a beneficiary who does not live in Oregon? If yes, will my contributions to that plan be eligible for the Oregon State tax deduction?
- Can I open an Oregon 529 college savings plan for a beneficiary who does not live in Oregon? Will my contributions to that plan be eligible for the $2,000 Oregon State tax deduction?
- Are contributions to the Oregon College Savings Plan federal tax deductible?
