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oregon college savings plan tax deduction 2015

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GET has now paid out $1.1 billion to 53,000 students to help cover qualified expenses at colleges and universities nationwide and in 15 other countries.

2015. Saving up for an Apple iPad Pro or a MacBook for college? There’s a tax-savvy way to do it, thanks to the new tax deal that is on President Barack Obama’s desk that includes enhancements to 529.

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The college savings accounts known as 529 plans have multiple benefits for parents saving for their children’s education: tax savings on earnings when used for qualified expenses; additional tax.

Most families pick their own state’s 529 plan-a reasonable approach considering that states usually structure their 529 plans with their residents in mind. Many offer an extra state tax deduction..

529 Oregon College Savings Plan

. You can subtract up to $4,455 for joint returns or up to $2,225 for all other returns for contributions made to a 529 oregon college savings network account in 2013. If you contribute more than your limit, you can carry forward the remaining contribution not subtracted over the next four years.

State tax savings reflect full deduction of $10,000 over the carry forward period. State tax rate assumes joint tax filers in the maximum state tax bracket for 2017. Contact your financial advisor to see how Scholar's Edge may fit into your overall financial plan or visit scholarsedge529.com for more information.

Oregon College Savings Plan accounts are not guaranteed by the Oregon Treasurer's Office, the State of Oregon, any state agency or subdivision thereof, or their authorized agents or affiliates. You could lose money by investing in an Oregon College Savings Plan account. Consider investment objectives, risks, charges and expenses before investing.

May 29 is 529 College Savings Day, also known as 529 Day. Consumer Reports says it's an ideal time to review your own savings plans, as well as take advantage of 529 plan grants that your state.

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Federal tax law No extension to pay. Oregon does not allow an exten-sion of time to pay your tax, even if the IRS is allowing an extension. Your 2015 Oregon tax is due April 18, 2016. federal law connection. oregon is tied to federal income tax laws as of December 31, 2014. Oregon has a tax return.

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