Is there an Oregon income tax deduction?
Contributions made to accounts in the Plan are deductible up to an annual limit. The deduction limit is indexed annually for inflation. For 2010, the total allowable annual state tax deduction for contributions made by the taxpayer to all accounts in the Network (“Network accounts”), including all accounts in the Plan, is $4,180 for taxpayers who file a joint return and $2,090 for all others. Recapture provisions apply. See the Disclosure Booklet for details. Oregon law is unclear as to whether rollovers into the plan qualify for the deduction. Consult your tax advisor.
Contributions made to accounts in the Plan are deductible up to an annual limit. The deduction limit is indexed annually for inflation. For 2011, the total allowable annual state tax deduction for contributions made by the taxpayer to all accounts in the Network (“Network accounts”), including all accounts in the Plan, is $4,240 for taxpayers who file a joint return and $2,120 for all others. Recapture provisions apply. See the Disclosure Booklet for details. Oregon law is unclear as to whether rollovers into the plan qualify for the deduction. Consult your tax advisor.
