Oregon College Savings Plan
Sign Up for Email Open an Account Sign In
What Is the Oregon College Savings Plan? What Makes This Plan Unique? How Do I Get Started? Who Can Participate? How Much Do I Need?
Review Your Investment Options College Enrollment Year Portfolios Static Portfolios Price & Performance
Managing Your Account Making Gift Contributions
FAQs Forms Resources News & Events Contact Us Sign Up for Email Be College Ready Baby Grad Program Oregon ABLE Savings Plan
The Basics What Is the Oregon College Savings Plan? What Makes This Plan Unique? How Do I Get Started? Who Can Participate? How Much Do I Need? Investment Options Review Your Investment Options College Enrollment Year Portfolios Static Portfolios Price & Performance Using Your Account Managing Your Account Making Gift Contributions Help & Resources FAQs Forms Resources News & Events Contact Us Sign Up for Email Be College Ready Baby Grad Program Oregon ABLE Savings Plan
Oregon College Savings Plan
Sign Up for EmailOpen an AccountSign In

Can I use my account to pay for K-12 tuition?

Yes, but there are state tax implications in Oregon. As of January 1, 2018, the IRS allows you to withdraw funds from your account tax free for tuition (up to $10,000 annually) at any public, private, or religious elementary or secondary school. But, although the federal tax break on money saved for K-12 tuition still applies, new state legislation has been passed that takes away the tax advantages of distributions made for K-12 education. Taxpayers will need to add back to their taxable income any amount of their K-12 distribution that received the Oregon state income tax deduction and any earnings on that distribution will also need to be claimed on their Oregon income taxes.

Using your accountRachel DieselAugust 13, 2018
0 Likes
Previous

Can I use my account to pay for schools outside of the US?

Using your accountRachel DieselAugust 13, 2018
Next

Do I have to use my account to pay for an Oregon college or university?

Using your accountRachel DieselAugust 13, 2018

Start saving today!

Open an account online in just a few minutes, with as little as $25.

Open an account

Need help?

Get answers

Read our FAQs

Get in touch

Call us Mon–Fri from 6am–5pm PT at 1-866-772-8464 or 1-844-888-2253 (TTY)

Write us

Send us a message

 
Open an account
Sign in
The Basics
What Is a 529 College Savings Plan? What Is the Oregon College Savings Plan? What Makes This Plan Unique? How do I Get Started? Who Can Participate? How Much Do I Need?
Investment Options
Review Your Investment Options College Enrollment Year Portfolios Static Portfolios Price & Performance
Using Your Account
Managing Your Account Making Gift Contributions
Help & Resources
FAQs Forms Resources Contact Us Sign Up for Email News & Events
Our Programs
Be College Ready Baby Grad Program Oregon ABLE Savings Plan

Follow us on:

Facebook.png
Twitter.png
Instagram.png

Oregon College Savings Plan accounts are not guaranteed by the Oregon Treasurer’s Office, the State of Oregon, any state agency or subdivision thereof, or their authorized agents or affiliates. You could lose money by investing in an Oregon College Savings Plan account. Consider investment objectives, risks, charges and expenses before investing. Before opening an account, you should carefully read and understand the Plan Disclosure Booklet and Participation Agreement.  This website is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. This website contains links to other websites. The Oregon College Savings Plan and its affiliates are not responsible for the content of those other websites or the accuracy of information on those sites.

© 2018 Oregon College Savings Plan

Plan Disclosure Booklet
Participation Agreement
Terms & Conditions
Privacy Policy