OR-529: Schedule OR-529, Oregon 529 College Savings Plan Direct Deposit for Personal Income Tax Filers (2024)
Oregon · Oregon DOR · Used for tax years 2024
The 2024 Schedule OR-529 lets Oregon individual income tax filers direct their refund into up to four existing Oregon College Savings Plan or MFS 529 Savings Plan accounts. It records account details and deposit amounts, and includes an election to share information with the Oreg
Who files this form
Use 2024 Schedule OR-529 if you want to:
- Deposit your Oregon income tax refund into up to four existing Oregon College Savings Plan or MFS 529 Savings Plan accounts using Part 1.
- Share your information with the Oregon Treasury Savings Network to establish an Oregon College Savings Plan account using Part 2.
You must include this schedule with your Oregon income tax return.
What you'll need
Have the following information ready:
- Your last name and Social Security number.
- For Part 1: the plan type, portfolio number, account number, and deposit amount for each account.
- For Part 2: your email and the beneficiary’s first and last name, initial, Social Security number, date of birth, street address, city, state, ZIP code, and relationship code. The beneficiary address cannot be a PO Box.
Part 2 also requires your signature and the date. The form refers you to the instructions for the relationship code, but those instructions are not provided here.
How to file
Include Schedule OR-529 with your Oregon income tax return.
For existing-account deposits, complete Part 1 for up to four accounts. For each account, select the plan and enter the portfolio number, account number, and amount. Add lines 1e through 4e and enter the total on line 5 and on the applicable return line:
- Form OR-40, line 51.
- Form OR-40-N, line 75.
- Form OR-40-P, line 74.
For the account creation election, complete all fields in Part 2, then sign and date it. This authorizes the Department of Revenue to release the information to the Oregon Treasury Savings Network to establish an Oregon College Savings Plan account.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
Follow the form’s printed reminders:
- Use UPPERCASE letters and blue or black ink.
- Print at actual size, 100%.
- Do not submit photocopies or use staples.
- Do not use a PO Box for the beneficiary’s address.
- Include the schedule with your Oregon income tax return.
Questions people ask
How many existing accounts can receive my refund?
Part 1 allows deposits into up to four existing Oregon College Savings Plan or MFS 529 Savings Plan accounts.
Where do I enter the total deposit amount on my tax return?
Enter the total from Schedule OR-529, line 5, on Form OR-40, line 51; Form OR-40-N, line 75; or Form OR-40-P, line 74.
What does the account creation election authorize?
Part 2 authorizes the Department of Revenue to share the completed information with the Oregon Treasury Savings Network to establish an Oregon College Savings Plan account for the named beneficiary.
Do I need to attach this schedule to my return?
Yes. The form says you must include it with your Oregon income tax return.