2025 Schedule OR-ASC code 897 credit

Forum|Forum|5 months ago
March 1, 2026
6 replies
54 views

Credit amount on 2025 Schedule OR-ASC for code 897 is wrong amount. It shows the maximum $360 allowed, not the percentage I am allowed based on my AGI. I need Turbo Tax to recalculate and fill in correct amount. I think this is a software issue Turbo Tax needs to correct.

TurboTax Online

Best answer by 67488

I too am having the same problem. I went to where Turbo Tax is asking for the amount of the contribution to the ABLE account and entered the amount that the credit should be for and then the credit on the Oregon Tax Return was for the correct amount. Wish we could get the software fixed. Best of luck.

AmyC

Level 15

The credit percentage is applied and compared to the $360. From the OR-17: Example: Jesse and Stacey make a $4,000 contribution to an ABLE account they opened for their daughter, who has a disability. Their AGI is $150,000. Their percentage from Table 14 is 10 percent. They may claim the lesser of 10 percent of their contribution ($4,000 x 0.10 = $400) or $360. Their credit is $360.

I created a return, 50% credit level income, $5k contribution and received the full $360 credit correctly. $5,000 contribution x 50% is $2500. The lesser of $2500 or $360 is $360 for the credit.

Page 119 of the OR -17 has more information.

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17723267060Author

Level 2

For my Oregon return, my AGI is at the 10% credit level. I entered an ABLE contribution amount of $600. My credit should be only $60, but Turbo Tax has entered $360 as the credit amount on my return.