For current IDA Savers: Do You Have Questions about IDAs and Oregon Taxes?

The document linked below will answer a few basic questions for IDA savers, and can also be shared with a tax preparer to better understand tax implications of IDAs.

Questions include:

  • I saved last year with an IDA. How does that affect my Oregon taxes?
  • I took out funds from my IDA account last year. How does that affect my Oregon taxes?
  • I received IDA matching funds last year. Do I need to report that as taxable income?

See below for a link to a participant information sheet for IDA related tax issues for 2021.

PLEASE NOTE: Taxes can be very complex and vary on a case-by-case basis. Click here for more information on where to get free tax assistance.