Remember, you don’t have to use your home state’s plan and you can use a 529 college savings plan to pay for an eligible institution in any state. Alabama State tax benefit: Contributions and rollover contributions up to $5,000 for a single return and up to $10,000 for a joint return are deductible in computing Alabama taxable income.
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Oregon’s MFS 529 Savings Plan, an advisor-sold 529 savings program features age-based and static portfolio options utilizing MFS mutual funds. To find a financial advisor in your area, use the Directory of Financial Professionals.
Oregon College Savings Plan Tax Deduction 2018 TGF Productions. · Since 2000, the yearly deduction has been set at a maximum of $2,000 per account but the New Year brings a big change to this Ohio tax deduction. State tax deduction doubles. Beginning on Jan. 1, 2018, the state income tax deduction for contributions made to a CollegeAdvantage.
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.
Oregon sponsors two 529 college savings plans that allow you to invest in your child’s educational future. Its direct-sold option allows you to begin investing with a minimum deposit of $25. Its advisor-sold choice, the MFS 529 Savings Plan, has a minimum initial deposit of $250.
Oregon College Savings Plan account number (Your account number may be 12 or 13 digits) OS Important information about this form: Fill out this form to set up payroll deduction contributions to your Oregon College Savings Plan account, or to change existing payroll deduction contributions.
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State and local tax itemized deduction. There’s now a $10,000 limit on the combined total of state and local income and property taxes you can deduct. The limit is $5,000 if your filing status is married filing separately. These limits also apply to Oregon itemized deductions. Casualty and theft loss itemized deduction.
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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.