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 used by Oregon residents to create an Oregon College Savings Plan account and elect direct deposit for their income tax refunds.

Q: Who can use Form 150-101-068?A: Oregon residents who want to create an Oregon College Savings Plan account and elect direct deposit for their income tax refunds can use this form.

Q: What is the purpose of the Oregon College Savings Plan?A: The Oregon College Savings Plan is a tax-advantaged savings plan designed to help individuals and families save for future education expenses.

Q: What is direct deposit?A: Direct deposit is a secure and convenient method of electronically transferring funds directly into a bank account.

Q: How do I fill out Form 150-101-068?A: The form requires personal information, including contact details, Social Security numbers, and banking information. You will also need to select the account type and contribution amount.