Oregon College Savings Plan to offer tax credit

Starting in 2020, all Oregon families will be eligible to receive a refundable tax credit when they contribute to an Oregon College Savings Plan account.

This refundable tax credit, which goes into effect on Jan. 1, replaces the state tax deduction, making it more advantageous for low-to-middle-income families to save for community college, four-year university, and certified job training.
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