Oregon taxpayers are eligible for a tax credit for contributions made to an Oregon College Savings Plan account and/or to an ABLE account. The credit limit is calculated for each account type and varies depending on the tax year. To qualify for these credits, you must make the contributions by April 15 of the filing year.

To enter your contribution amounts, and claim a tax credit, follow the steps below.

Online

1. From within your TaxAct return, click State then Oregon.
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
2. In the Oregon Quick Q&A Topics, click Credits.
3. Expand the Less common credits drop-down and click Add beside Oregon 529 College Savings Network Account and ABLE Account Contribution Credits.
4. Follow the interview to enter your contributions and withdrawals. When you have finished, the credit amount will be calculated and shown on the Credits for your Oregon State Taxes page.

Desktop

1. From within your TaxAct return, click State then Oregon.
2. In the Oregon Quick Q&A Topics, click Credits.
3. Click Review beside Oregon 529 College Savings Network Account and ABLE Account Contribution Credits.
4. Follow the interview to enter your contributions and withdrawals. When you have finished, the credit amount will be calculated and shown on the Credits for your Oregon State Taxes page.

Related Links

Oregon Tax Benefits for Families page