Oregon 529

[jaredl]

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

[AnnetteB6]

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.

[jaredl]

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.

[MaryM428 · Accepted solution]

Take a look at Oregon credits and taxes

[JonMichael16]

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"

[MarilynG1]

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 

[JonMichael16]

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

[AnnetteB6]

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