Witryna2 gru 2024 · Contributions to any state’s 529 plan of up to $1,500 per year by an individual, and up to $3,000 for a joint return are deductible in computing Minnesota taxable income. Residents with adjusted gross incomes of $75,000 or less are eligible to claim a tax credit equal to up to 50% of contributions, reduced by any withdrawals, … WitrynaYes, Oregon is currently tied to the extenders for the 7.5 percent AGI floor for the medical expense deduction and the deduction for mortgage insurance premiums, as both of those impact federal taxable income (see above question about the rolling reconnect). Q11: Can an individual with a 529 subtraction from a year prior to 2016 carry forward a

Taxes — FAQs — Oregon College Savings Plan

WitrynaAn ABLE account established under ORS 178.380 (Establishment of qualified ABLE program) and rules adopted by the Oregon 529 Savings Board, when the contribution … WitrynaThe maximum amount you can carry forward and subtract on your 2024 return is $5,030 if you file a joint return and $2,515 for all others. The maximum applies to the … uncle howdy attacks bray

Changes to OR 529 Plan Tax Benefits — How to Pay for College

Witryna1 sty 2024 · Those with an Oregon 529 College Savings Plan had a carry forward option available until December 31, 2024, and can still carry forward any unused … WitrynaOregon 529 College Savings Network account contributions. A refundable tax credit of up to $150 ($300 if married filing jointly) is available if you make contributions to an Oregon 529 College Savings Network account. To qualify for the credit, you must make contributions during the tax year, up until the date the return is filed or the due ... WitrynaThe deduction was allowed for contributions to an Oregon 529 plan of up to $2,435 by an individual, and up to $4,865 by a married couple filing jointly in computing Oregon taxable income, with a four-year carry … thorsavings