There's an issue with TurboTax's Oregon 529 College Savings Credit calc. I contributed $6K in 2020 and I should get a tax credit of $300 (joint return). But it shows $9!

a0kr8322 · ‎April 11, 2021

If enter $600K or more in contributions, then it caps at $300 Oregon tax credit. Seems like it's off by a few decimal points in calculations.

ErnieS0 · ‎April 12, 2021

The Oregon 529 College Savings Network Credit is limited by income. You may not be receiving the full credit due to income limitations.

See "Is there an Oregon income tax credit?"

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

a0kr8322 · ‎April 12, 2021

I don't think so. In the link you shared, it clearly says that there's at least 5% tax credit for any income bracket. That's $300 for $6K contributions (married filing jointly). So I think Turbo tax has this calculation busted. How can I fix this on my end before I file the return?

Expert does your taxes

Do it yourself

Resources

Support

There's an issue with TurboTax's Oregon 529 College Savings Credit calc. I contributed $6K in 2020 and I should get a tax credit of $300 (joint return). But it shows $9!