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Do we enter Oregon College Savings Plan contributions made in 2018 before April 15, 2018 into the 2017 box?

Oregon allows you to apply these payments made prior to April 15, 2018 to your 2017 taxes but I'm not sure how to enter this in Turbotax.  Turbotax only includes a box for "Oregon 529 College Savings Network deposits made in 2017".  Do I enter these payments in this box even though they were made in 2018 or is there somewhere else they should be entered.


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2 Replies
KrisD
Intuit Alumni

Do we enter Oregon College Savings Plan contributions made in 2018 before April 15, 2018 into the 2017 box?

Yes, since you want it to post to your 2017 state return, report it as paid in 2017. Be sure to let the account administrator know that you want it to be posted to 2017. They may or may not adjust their records. You can claim it in 2017, but not again in 2018. Keep records with your tax file. 

Oregon

  • State tax benefit: Contributions and rollover contributions up to $2,330 (for 2017) for a single return and up to $4,660 for a joint return are deductible from Oregon state income tax.
  • Contributions must be made to an Oregon 529 plan in order to qualify
  • Deadline: April 17, 2018

https://www.savingforcollege.com/articles/6-states-where-you-can-still-claim-a-prior-year-529-plan-t...


Josh68
New Member

Do we enter Oregon College Savings Plan contributions made in 2018 before April 15, 2018 into the 2017 box?

The referenced article no longer lists Oregon as a state that allows contributions for the previous year up until the tax filing deadline. I'm not sure whether this is still correct, although the Oregon College Savings Plan itself has one page suggesting it is: https://www.oregoncollegesavings.com/tax-benefits

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