Oregon won’t allow 529 tax breaks for K-12 private school

Mike Rogoway:

Oregon parents won’t get a state tax break on money they save to pay for K-12 private schooling, lawmakers have decided. That’s despite a federal tax break approved in December as part of a congressional tax overhaul.

Traditional college savings plans known as 529 accounts have offered an incentive for families to save for college. Parents and students invest in 529s and, if the accounts increase in value, they can withdraw that increase tax free to pay for college expenses.