OR 529 tax deduction increases
As a participant in the Oregon 529 college savings program I was happy to read this post from the “It’s Only Money” blog.
This year the state of Oregon will allow you to deduct up to $2,085 (individuals) and $4,170 (joint filers) on your state income tax return for contributions made to the program. Keep in mind that the growth of your investment is also tax free and distributions are tax free when made to qualifying education expenses.
Posted: September 11th, 2009 under Investing, Taxes.
Tags: college investments ORegon, College planning, it's only money blog, oregon 529, oregon 529 tax deduction