topic Oregon 529 in State tax filing

Oregon 529

jaredl — Tue, 16 Mar 2021 07:55:14 GMT

Oregon offers a tax credit for 529 plan contributions, but I do not see the place to input this in TurboTax?

Re: Oregon 529

AnnetteB6 — Tue, 16 Mar 2021 12:32:07 GMT

As you go through the Oregon return, look for the screen titled "Here's the income that Oregon handles differently".

On that page, there will be a section for Investments. Click Start beside Oregon College & MFS 529 Savings Plan & ABLE Deposit Account Carryover to enter your information.

Re: Oregon 529

jaredl — Tue, 16 Mar 2021 20:14:40 GMT

When I follow that instruction, it prompts "Enter your Oregon College and MFS 529 Savings Plan and/or ABLE account deposit carryforwards below." The tax credit should be from contributions in the 2020 year and is not a carryforward from 2019 as it specifies. I have not seen a location to enter my 2020 contributions to the 529 plan.

Re: Oregon 529

MaryM428 — Tue, 16 Mar 2021 21:41:06 GMT

Take a look at Oregon credits and taxes

Re: Oregon 529

JonMichael16 — Fri, 10 Mar 2023 19:32:32 GMT

I accidentally entered my contributions for Oregon College 529 as carryover, and not as contributions. How do I delete/remove what I entered here in "Oregon College and MFS 529 Savings Plan and ABLE Account Deposit Carryover"

Re: Oregon 529

MarilynG1 — Fri, 10 Mar 2023 19:47:28 GMT

In the Oregon interview, you will come to a screen 'Here's the Income that Oregon Handles Differently'.

Revisit to delete your entries for the Oregon 529 Carryover.

@JonMichael16

Re: Oregon 529

JonMichael16 — Sun, 12 Mar 2023 15:57:11 GMT

I am not using Turbo Tax Deluxe, so my options are different. See image. When I click on edit, there is no option to delete. Thanks

Re: Oregon 529

AnnetteB6 — Mon, 13 Mar 2023 00:34:25 GMT

When you click Edit beside the Oregon College and MFS 529 Savings Plan or ABLE account deposit carryforward just go through the screens as if you are entering a carryover amount. Then when you see the number entered previously, delete it.

Keep going through the Oregon return to the section titled Take a look at Oregon credits and taxes to enter your contributions.

@JonMichael16