OREGON 529 PLAN · TAX YEAR 2026
Oregon 529 tax credit calculator
Oregon gives a refundable credit for contributions to an Oregon 529 plan: a share of what you contribute set by income, up to $190 ($380 on a joint return) for 2026. A single filer with $75,000 of wages who contributes $5,000 saves $190 of Oregon tax.
State tax saved
- Oregon tax saved
- $190.00
- Credit
- $190.00
- Contributions counted
- $5,000.00
- Credit rate
- 25%
- Maximum credit
- $190.00
- Oregon tax before
- $5,054.75
- Oregon tax after
- $4,864.75
Oregon tax saved by contribution
With $75,000 of wages and one beneficiary.
| Contribution | Single | Married filing jointly |
|---|---|---|
| $1,000 | $190 | $250 |
| $5,000 | $190 | $380 |
| $10,000 | $190 | $380 |
| $20,000 | $190 | $380 |
Oregon 529 tax questions
Does Oregon have a 529 tax deduction?
Yes. Oregon gives a refundable credit for contributions to an Oregon 529 plan: a share of what you contribute set by income, up to $190 ($380 on a joint return) for 2026.
How much does a $5,000 529 contribution save in Oregon?
$190 of Oregon tax for a single filer with $75,000 of wages, and $380 for a married couple filing jointly with the same income.
Which 529 plans qualify for Oregon's credit?
Only Oregon's plans, Embark and the MFS 529 Savings Plan. A rollover from another state's plan counts as a new contribution.
When must Oregon 529 contributions be made?
During the tax year, or by the date you file or the April due date (not counting extensions), whichever is earlier. A credit is forfeited if the money is later used for a nonqualified purpose, including K-12 tuition.
What the calculator leaves out
- The credit percentages by AGI are from the 2025 Publication OR-17; the 2026 table was not yet published.
- Married couples filing separately split a joint credit by AGI; the calculator gives a separate filer the single maximum.
The calculator assumes the contribution goes to a plan that qualifies for the state's benefit: the state's own plan unless the state accepts any 529 plan. Wages are the only income, and they stand in for the income a state tests against its limits. Per-beneficiary limits assume the contribution is split evenly. Federal tax does not change, because 529 contributions aren't federally deductible. Carryforwards of earlier contributions, recapture on nonqualified withdrawals and city or school district taxes are left out.