From Paul Dickey

PROBLEM:

Credit #896 – Oregon 529 plan credit
I entered a contribution of $800

TaxSlayer adjusted the amount to $300 and gave full credit instead of $30, which would be the correct value if Table 12, page 115 of the 2020 OR publication 17 had been accessed.

Credit #897  ABLE Account contribution
I entered a contribution of $800

TaxSlayer did NOT adjust the amount to $300 and gave full credit of $800 instead of $30, which would be the correct value if Table 12, page 115 of the 2020 OR publication 17 had been accessed.

TaxSlayer will not be addressing this tax year.

WORKAROUND:

Manually calculate the credits using the percentages found in Table 12 on page 115 of the OR Pub 17. Calculate the correct credit and enter that number in the credit field in the Refundable Credits section of the State return.  The actual number will be not greater than $150 or $300 depending on whether the return is Single or MFJ. (See the example calculation beneath Table 12.)

Please share with your District Leadership and Counselors.