Isler Insider Blog

Charitable Contribution Benefits for Supporting Oregon Child Care Programs Reduced

August 28, 2015

In prior years gifts to the State of Oregon to benefit improvements to child care facilities have provided an Oregon credit equal to 75% of the gift,  as well as a federal charitable gift deduction to reduce your federal Income.  For example, if your federal tax rate was 25%, a gift of $100 provided a savings of $25 on your federal return and a state benefit of $75 through the credit.  The net cost to you for making the $100 gift was nothing.

Effective October 5, 2015 the Oregon credit is reduced from 75% to 50%.
This link leads you to Oregon’s credit information pages.  But remember that the credit decreases to 50% for gifts made on or after October 5, 2015.

www.oregon.gov/OCC/Pages/taxcontibution.aspx