News & Press Releases
Oregon College Savings Plan to visit Bend, Newport and Portland during spring break
SALEM, Ore. — The Oregon College Savings Plan has announced three upcoming events where families can learn more about saving for college, including state tax advantages, while kids can play fun games for prizes.
Representatives from the Oregon College Savings Plan will be at the High Desert Museum in Bend on March 29 from 10am to 4pm; at the Oregon Coast Aquarium in Newport on March 31 from 10am to 4pm; and at the Oregon Zoo Rabbit Romp on April 15 from 9am to 3pm.
“These visits allow us to meet with families face to face and answer their questions about how to prepare for the financial realities of achieving a higher education,” explained Michael Parker, executive director of the Oregon College Savings Plan. “They also allow us to educate families about the benefits of the tax advantages built into the Oregon College Savings Plan.”
Families can still qualify for a 2016 state tax deduction if they make an account contribution by April 18 or when filing their 2016 tax return, whichever comes first. The 2016 deduction amounts are up to $4,620 for married taxpayers filing jointly and $2,310 for single filers, adjusted annually. (Recapture provisions apply. Refer to the Disclosure Booklet at OregonCollegeSavings.com and consult tax advisors.)
About The Oregon College Savings Plan
The Oregon College Savings Plan, which is part of the Oregon 529 College Savings Network, launched in January 2001 and has grown to more than $1.4 billion in assets as of December 31, 2016. The plan is managed by TIAA-CREF Tuition Financing, Inc. For more information about the Oregon College Savings Plan, its investment options and how to enroll, visit OregonCollegeSavings.com or call toll free 866?772?8464. Follow the Oregon College Savings Plan on Facebook.com/OregonCollegeSavings and Twitter.com/OregonCSP.
Consider the investment objectives, risks, charges and expenses before investing in the Oregon College Savings Plan. Please visit OregonCollegeSavings.com for a Plan Disclosure Booklet with this and more information. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss.
Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state’s 529 plan.
Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor. Non-qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax.
TIAA-CREF Tuition Financing, Inc., program manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Oregon College Savings Plan.
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