Can I carry forward amounts contributed to an Oregon 529 college savings plan?

You can subtract up to $4,455 for Married Filing Jointly returns or up to $2,225 for all other returns for contributions made to a 529 Oregon College Savings Network account in 2014. If you contribute more than your limit, you can carry forward the remaining contribution not subtracted over the next four years. Rollovers from other 529 plans into an Oregon 529 plan are considered new contributions and qualify for the subtraction. Keep a copy of your account statement with your tax records.

For more information, go to the Oregon 529 College Savings Network website.

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