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taxes 529-plan oregon

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April 13, 2025 Score: 2 Rep: 194,627 Quality: High Completeness: 40%

According to the Oregon Department of Revenue, you can make the contribution up until the filing deadline (without extensions), or if filed earlier - until filing the return:

To qualify for the credit, you must make contributions during the tax year, up until the date the return is filed or the due date (not including extension), whichever is earlier.

April 14, 2025 Score: 1 Rep: 150,737 Quality: Low Completeness: 10%

Money contributed to a 529 plan does trigger a deduction or credit related to Federal income taxes. But many states do give a deduction/credit for contributions.

Therefore the state sets the rules regarding deadlines.

It appears that Oregon allows contributions up until the April tax deadline to get the credit. This encourages people to make a contribution, because they can quickly see a tax benefit. It will also hopefully result in them making regular contributions.