Or. Admin. R. 150-305-0450 - Depositing Refunds Into College Savings Account

150-305-0450
Depositing Refunds into College Savings Account

A taxpayer electing to make contributions authorized by ORS 305.796 to one or more accounts established under 348.857:

(1) May contribute to a maximum of four accounts;

(2) Must contribute at least $25 per account; and

(3) May deduct contributions made under this section on the subsequent year’s tax return in accordance with ORS 316.699.