topic Software error for Oregon ABLE Savings Credit in Get your taxes done using TurboTax

Software error for Oregon ABLE Savings Credit

abcdefg2 — Sat, 16 Jan 2021 20:10:14 GMT

For 2020, Oregon offers a credit for contributions to an Oregon ABLE Savings account. The credit is graduated based on AGI and total 2020 contributions, up to a $150 maximum credit for a single filer (https://www.oregonablesavings.com/faqs/2020/1/23/what-is-the-oregon-income-tax-credit).

Based on my AGI and total 2020 contributions, I should be receiving a credit that is far less than the $150 maximum. The TurboTax software is giving me the full $150 credit. I've tried entering a variety of 2020 contribution amounts, just to see what would happen, and the software consistently gives me the full $150 credit no matter what is entered. How do I fix/work around this error?

Re: Software error for Oregon ABLE Savings Credit

BrandiLO — Tue, 19 Jan 2021 23:13:40 GMT

This issue is best addressed by contacting customer care. Please click here for the steps to contact customer care based on the product you are using.

Re: Software error for Oregon ABLE Savings Credit

Fleming — Thu, 13 May 2021 19:12:33 GMT

I'm getting a similar error. When I just put in an ABLE contribution, I get the full credit (which I don't qualify for). When I add in a 529 plan contribution for another child, it calculates the 529 correctly AND fixes the ABLE error.