The Oregon IDA (Individual Development Account) Initiative brings state resources to support financial stability and wealth building among Oregonians with lower incomes, working to ensure an equitable and statewide impact in communities historically and systemically excluded from economic opportunities.
Donors to the Oregon IDA Initiative can receive 85% of their donation back as an Oregon State Tax Credit, and the remaining 15% as a Federal Charitable Deduction.
Donating to the Oregon IDA is a win-win, advancing community prosperity, and providing advantageous tax benefits. With the resources community donations provide, we can ensure that every Oregonian finds the safety of a home, the promise of education, or the opportunity to see their business flourish.
2026 IDA Tax Credits Open May 4 at a New 85% Rate
The Oregon IDA Initiative is making changes to the IDA tax credit for 2026. Below is information about the new rate, when credits will be available, and what’s driving the change.
What’s Changing
The tax credit rate on all donations is changing from 90% to 85%. For every $100 donated, donors will receive $85 in state tax credits instead of $90.
Credits will be available at the new rate beginning Monday, May 4th, 2026. No donations will be accepted or processed before this date.
A total of $8 million in tax credits will be available. Credits remain available on a first-come, first-served basis, and it is not possible to “reserve” credits in advance.
Why the Rate Is Changing
The failure of the legislature to reinvest in the IDA Initiative in 2025 means that funding for the IDA Initiative was effectively cut in half. Fewer Oregonians will be able to use IDAs to leverage the power of their own savings in support of their financial goals. Currently more than 1,600 Oregonians interested in becoming IDA savers are on waiting lists for the program.
Adjusting the tax credit rate will bring in over $500,000 in additional dollars and support more Oregonians in achieving their financial goals.
Why May
The rate change may require donors to rethink their tax strategy and consult with financial advisors. A May launch date gives people time to make informed decisions without the pressure of a dwindling supply. Over the last two years, more than $3 million in donations have been returned because demand for the tax credit has greatly outpaced the amount available.
The IDA Initiative remains a powerful tool for financial empowerment for working people throughout Oregon. More information about the availability of the credit for 2026 and beyond will be shared as it becomes available.
Stay Informed
Sign up for email updates to be notified when 2026 IDA tax credits become available on May 4th.
Questions? Contact idataxcredit@neighborhoodpartnerships.org