Tax Benefits

Tax perks that pay off.

With Embark, your account can grow with ease, tax-free. And anyone who makes contributions can earn a refundable Oregon income tax credit worth $190 for single filers or $380 for joint filers — every year.

Watch the video to explore the full tax benefits, and learn how saving for your kid’s future can help during tax season.

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Compound interest adds up.

When you invest with Embark, your account has the chance to grow and earn interest, tax-free. So what starts small grows over time.

And unlike other investment options, when you withdraw those savings to use for educational expenses, you can spend it tax-free too.

Explore our different investment options to find the right plan for your family.

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Calculate your 2026 tax credit.

Answer a few quick questions to see your estimated tax credit amount, and find out how to maximize it with additional contributions.

Contributions this tax year (actual or planned)

Enter an amount

Filing status

Taxable income bracket

Total Oregon tax credit amount earned

$0

Additional contribution needed to receive full tax credit

$0

The results generated by the calculator are estimates only, may not reflect actual tax outcomes, and are not guaranteed. Estimates should not be relied upon as tax, legal, investment or financial advice or recommendations. We assume no responsibility or liability for decisions made based on these estimates.

How to earn full credit.

Your annual income determines how much you need to contribute to get the maximum tax credit.

Yearly income

$190 tax credit for single filers

$380 tax credit for joint filers

Less than $30k

$190

contribution

$380

contribution

$30,001 - $70k

$380

contribution

$760

contribution

$70,001 - $100k

$760

contribution

$1,520

contribution

$100,001 - $250k

$1,900

contribution

$3,800

contribution

More than $250k

$3,800

contribution

$7,600

contribution

Don’t forget about gift contributions.

Anyone who contributes to an Embark account can earn a tax credit. That includes people who send funds through a gifting page.

Learn about gifting

Important details to remember.

  • Annual tax returns are due April 15.
  • All contributions made prior to filing count toward your tax credit.
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More questions? More answers.

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How do I claim my tax credit?

Oregon residents that have contributed to an Embark account are eligible to claim the state income tax credit, even if their income is below the IRS minimum to file taxes.

Can you earn a state income tax credit when you contribute to someone else’s account?

Yes. All Oregon residents are eligible to contribute to an Embark account and claim the state income tax credit.

Are contributions made pre-tax or after-tax?

The money that you contribute to your Embark account is made with after-tax dollars, and any of your account earnings can be withdrawn and used to pay for qualified expenses tax-free.

Is there a benefit to filing a tax return, even if I have low, or no, income?

Yes. Credits may earn you a tax refund!

Can I deposit my tax refund into an Embark account?

Yes. Any Oregon income tax refund that you earn can be deposited into an existing Embark account when you file your tax return.

Take the first step.

The sooner you start saving, the more it pays off.

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