WitrynaTax Benefits: Good news for Oregon residents – by investing in your state’s 529 plan, you can deduct up to $2,225 on your state income taxes for single filer and $4,455 for … Witryna4 cze 2024 · Ohio residents can deduct up to $4,000 per beneficiary per year on their state taxes. Oklahoma allows individuals to deduct up to $10,000 per year and joint …
Tax Deduction Rules for 529 Plans: What Families Need to Know
Witryna22 lis 2024 · Starting January 1, 2024, Oregon will be the first state in the nation to offer a refundable tax credit for contributions made to its 529 College Savings Plan. The … Witryna21 lut 2024 · State income tax deadlines are approaching, but families saving for college may still have time to reduce their 2024 taxable income. Currently over 30 states, … dr foshay
Oregon Individual Income Tax Guide Revised for 2024
Witryna4 cze 2024 · All Oregon taxpayers are eligible to receive a state income tax credit up to $300 for joint filers and up to $150 for single filers on contributions made to their Oregon College Savings Plan account. The tax credit goes into effect on January 1, 2024, replacing the state income tax deduction, and provides the same maximum credit to … WitrynaKicker credit. Oregon’s surplus credit, known as the “kicker,” will be claimed as a credit on your 2024 tax return. See the instructions for line 34. Oregon Form OR-W-4. … Witryna31 lip 2024 · You can contribute up to $15,000 per beneficiary in 2024, plus more for disabled people who are working. ... Oregon residents, for example, can get a refundable tax credit for contributing to an account with a beneficiary under the age of 21. The credit is worth up to $300 per year for joint filers or $150 for single filers, with the … dr fosha abilene tx