Instructions for Form 150-101-068 Schedule OR-529 Oregon College Savings Plan Direct Deposit and Account Creation Election for Personal Income Tax Filers - Oregon

Form 150-101-068 Schedule OR-529 Oregon College Savings Plan Direct Deposit and Account Creation Election for Personal Income Tax Filers - Oregon

This document contains official instructions for Form 150-101-068 Schedule OR-529, Oregon Personal Income Tax Filers - a form released and collected by the Oregon Department of Revenue. An up-to-date fillable Form 150-101-068 Schedule OR-529 is available for download through this link.

FAQ

Q: What is Form 150-101-068?A: Form 150-101-068 is a form for personal income tax filers in Oregon to create an Oregon College Savings Plan account and set up direct deposit.

Q: What is the purpose of Form 150-101-068?A: The purpose of Form 150-101-068 is to allow personal income tax filers in Oregon to create an Oregon College Savings Plan account and choose to have their tax refunds directly deposited into that account.

Q: Who needs to use Form 150-101-068?A: Personal income tax filers in Oregon who want to create an Oregon College Savings Plan account and set up direct deposit for their tax refunds need to use Form 150-101-068.

Q: What information do I need to provide on Form 150-101-068?A: You will need to provide your personal information, including your name, Social Security number, and contact information, as well as information about the Oregon College Savings Plan account you want to create.

Q: When is Form 150-101-068 due?A: Form 150-101-068 is due on the same date as your personal income tax return in Oregon, which is typically April 15th of each year.

Q: How long does it take to process Form 150-101-068?A: Processing times for Form 150-101-068 may vary, but it generally takes several weeks for the Oregon Department of Revenue to process the form and set up the direct deposit.

Q: Can I make changes to my Oregon College Savings Plan account after submitting Form 150-101-068?A: Yes, you can make changes to your Oregon College Savings Plan account after submitting Form 150-101-068. Contact the Oregon College Savings Plan directly for assistance with account changes.