CPAs & Financial Advisors

Dozens of Oregon financial advisors and CPAs are helping their clients qualify for a 75% tax credit, and in the process, fuel an exciting statewide Initiative.

Your clients may be interested in knowing more about the Oregon Individual Development Account (IDA) 75% Tax Credit. Individuals and businesses donate to the Oregon Individual Development Account (IDA) Initiative, managed by Neighborhood Partnerships, and qualify for the Oregon IDA 75% Tax Credit. For every dollar donated, the contributor receives a seventy-five percent (75%) Oregon IDA tax credit which can be used to directly lower their Oregon tax liability, up to the maximum contribution of $100,000 per return each tax year. For example, if an individual or business donates $10,000 to the Oregon IDA Initiative, they receive a $7,500 Oregon IDA 75% tax credit.

IDAs are matched savings accounts that build the financial capability of qualifying Oregonians with low incomes while they save towards a defined goal — owning a home, starting a microenterprise, or continuing their education. IDAs open up pathways of opportunity and create models of economic success in Oregon communities. This successful collaborative effort provides the skills and funds to help rebuild Oregon’s middle class, and, in the process, rebuild Oregon.

Quick Links:

• Oregon IDA 75% Tax Credit Basics
• Your Clients Can Donate in 3 Easy Steps
• For My Clients: Forms, Facts and Instructions
• Frequently Asked Questions