oregon college savings plan tax deduction 2016

Net operating loss for Oregon: X X X 321 Oregon lottery winnings: X X X 322 Partnership and S corporation modifications for Oregon: X X X 323 Oregon 529 college savings plan deposit: X X X 324 Oregon income tax refund X X 325 Previously-taxed employee retirement plans X X X 327

The Oregon College Savings Plan features enrollment-based and static portfolio options utilizing mutual funds from a variety of fund families and an FDIC-Insured Option. Sumday Administration, LLC succeeded TIAA-CREF as program manager of the Oregon College Savings Plan on September 10, 2018.

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Even with a modest investment, you can give a future student (or even yourself) a head start by investing in an Oregon College Savings Plan account. The Oregon College Savings Plan is designed to help people in (and outside of) Oregon save for education, no matter their budget or timeline. It takes just $25 and a few minutes to get started.

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All Oregon taxpayers are eligible to receive a state income tax credit up to $300 for joint filers and up to $150 for single filers on contributions made to their Oregon College Savings Plan account.

 · A short digital video to highlight the tax savings when you open an Oregon College Savings Plan for your child. A short digital video to highlight the tax savings when you open an Oregon College.

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As an Oregon taxpayer, you are eligible for the 2016 tax deduction as long as the contribution is made prior to filing your 2016 state tax return or April 15, 2017, whichever comes first. For 2016, you can subtract up to $4,620 for joint returns or up to $2,310 for all other returns for contributions made to a 529 Oregon College Savings Network account in 2015. If you contribute more than your limit, you can carry forward the remaining contribution not subtracted over the next four years.

Oregon 529 College Savings Network. Contribution limits have increased to $4,620 for taxpayers filing joint return and $2,310 for all others. See page 74 for more details. Credit changes. Several tax credits have changed for 2016: The credit for installing residential alternative fuel devices has increased to 50 percent of the cost or

Oregon allows state residents to deduct annual contributions they make to any Oregon 529 plan from their state income taxes. There is an annual deduction limit of $2,435 for an individual taxpayer and $4,865 for married taxpayers filing jointly with a four-year.

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