Oregon 529 Tax Deduction Calculator

2026 rules

Enter your contribution to see how much Oregon lets you deduct and what it saves you this year.

Your numbers

Filing status

Contribution per child this year

Children (beneficiaries) you contribute for

Household AGI

Result

Oregon tax saved$150

Total contributed$1,500
Credit rate at your income10%
Oregon credit (refundable)$150

The credit is refundable and a share of your contribution that falls as income rises.

Oregon at a glance

Benefit: Oregon gives a refundable credit of up to $190 ($380 joint) for contributions to Embark (Oregon College Savings Plan) or Oregon ABLE.
Plans that count: Embark (Oregon College Savings Plan) or Oregon ABLE.
Good to know: The credit is refundable and a share of your contribution that falls as income rises.

Questions

Is there a Oregon tax deduction for 529 contributions in 2026?

Oregon gives a refundable credit of up to $190 ($380 joint) for contributions to Embark (Oregon College Savings Plan) or Oregon ABLE.

What can 529 money pay for without tax?

College tuition, fees, books, and room and board for students enrolled at least half time; up to $20,000 a year of K-12 tuition and expenses from 2026; apprenticeship costs; and up to $10,000 of student loan payments over a lifetime. States can treat some of these differently.

What happens to the Oregon deduction if I withdraw for something else?

A nonqualified withdrawal is taxed on its earnings, plus a 10% federal penalty, and Oregon can add back the deductions you took on the money you withdraw.