Is there a state tax deduction for Oregon tax payers?
Yes, there is an in-state tax deduction for Oregon tax payers up to $4,000 per tax return ($2,000 if married filing separately) with a four-year carryforward of excess contributions. This deduction is subject to recapture under certain circumstances. Please see the Plan Description for more details.
- If I contribute more than the maximum state tax deduction to my Oregon 529 plan in one year, can I use the remainder towards the state tax deduction in the following years?
- Why does Oregon have to be the first state to experiment with a new fee on mileage to replace the gas tax?
- Is there a state tax deduction for Oregon tax payers?