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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 150-101-068 Schedule OR-529
for the current year.
Form 150-101-068 Schedule OR-529 Oregon College Savings Plan Direct Deposit and Account Creation Election for Personal Income Tax Filers - Oregon
What Is Form 150-101-068 Schedule OR-529?
This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form 150-101-068?
A: Form 150-101-068 is the official form used for schedule OR-529 in Oregon.
Q: What is Schedule OR-529?
A: Schedule OR-529 is the form used for the Oregon College Savings Plan Direct Deposit and Account Creation Election for Personal Income Tax Filers in Oregon.
Q: What is the purpose of Form 150-101-068?
A: The purpose of Form 150-101-068 is to allow Oregon residents to specify their election for direct deposit and account creation of contributions for the Oregon College Savings Plan, which may have tax benefits.
Q: Who needs to fill out Form 150-101-068?
A: Oregon residents who want to make direct deposit contributions to the Oregon College Savings Plan and create an account need to fill out Form 150-101-068.
Q: Is Form 150-101-068 only for Oregon residents?
A: Yes, Form 150-101-068 is specifically for Oregon residents filing their personal income tax returns.
Q: What is the Oregon College Savings Plan?
A: The Oregon College Savings Plan is a state-sponsored program that allows individuals to save money for higher education expenses, with potential tax advantages.
Q: Are there any tax benefits to using the Oregon College Savings Plan?
A: Yes, contributions to the Oregon College Savings Plan may be deductible on your Oregon income tax return, and earnings can grow tax-deferred.
Q: Can I make direct deposit contributions to the Oregon College Savings Plan?
A: Yes, you can make direct deposit contributions to the Oregon College Savings Plan by filling out Form 150-101-068.
Q: Do I need to create an account with the Oregon College Savings Plan?
A: Yes, you need to create an account with the Oregon College Savings Plan in order to make contributions and manage your savings.
Form Details:
- Released on August 17, 2020;
- The latest edition provided by the Oregon Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 150-101-068 Schedule OR-529 by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.
