Oregon personal income tax: Credits
Oregon's personal exemption credit
This credit is available to youif:
- You can't be claimed as a dependent on someone else's return, and
- Your federal adjusted gross income isn't more than $100,000 if your filing status is single or married filing separately, or isn't more than $200,000 for all others.
If you're filing a part-year or nonresident return, multiply the credit by your Oregon percentage. This credit is claimed on the return form.
Earned income credit
If you qualify for the federal earned income tax credit (EITC), you can also claim the Oregon earned income credit (EIC). For tax year 2020, if you have a dependent who is younger than 3at the end of the tax year, your Oregon EIC is 12 percent of your federal EITC; otherwise, your EIC is 9 percent of your federal EITC. If you're filing a part-year resident or nonresident return, multiply your EIC by your Oregon percentage. This credit is claimed on the return form.
Other credits
Thecredits in these tables may be claimed onSchedule OR-ASC(full-year filers) or Schedule OR-ASC-NP(part-year or nonresident filers). Credits that must be prorated by part-year or nonresident filers are marked "PR."
Standard credits—Schedule OR-ASC (section C) or OR-ASC-NP (section E) | OR-40 | OR-40-N | OR-40-P | Code |
---|---|---|---|---|
Income taxes paid to another state | X | X | X | 802 |
Mutually taxed gain on the sale of residential property | X | X | X | 806 |
Oregon Cultural Trust contributions | X | PR | PR | 807 |
Oregon Veterans' Home physicians | X | PR | PR | 808 |
Political contributions(claimed on full-year return form) | X | X | 809 | |
Reservation enterprise zone | X | PR | PR | 810 |
Retirement income | X | X | X | 811 |
Rural emergency medical service providers | X | PR | PR | 812 |
Rural health practitioners | X | PR | PR | 813 |
Pass-through income taxes paid to another state | X | X | X | 815 |
Carryforward credits—Schedule OR-ASC (section D) or OR-ASC-NP (section F) | OR-40 | OR-40-N | OR-40-P | Code |
---|---|---|---|---|
Agriculture workforce housing | X | PR | PR | 835 |
Biomass production/collection carryforward | X | PR | PR | 838 |
Bovine manure production/collection | X | PR | PR | 869 |
Child Care Fund contributions | X | X | X | 841 |
College Opportunity Grant Fund contributions (auction) | X | X | X | 871 |
Crop donation | X | PR | PR | 843 |
Electronic commerce zone investment carryforward | X | PR | PR | 845 |
Employer scholarship | X | PR | PR | 847 |
Energy conservation projects | X | X | X | 849 |
Fish screening devices | X | PR | PR | 850 |
Oregon IDA Initiative Fund donation | X | X | X | 852 |
Oregon Low Income Community Jobs Initiative/New Markets | X | X | X | 855 |
Oregon Production Investment Fund contributions (auction) | X | X | X | 856 |
Pollution control facilitiescarryforward | X | X | X | 857 |
Renewable energy resource equipment manufacturing facility carryforward | X | X | X | 860 |
Residential energy carryforward | X | X | X | 861 |
Transportation projects carryforward | X | X | X | 863 |
University Venture Development Fund contributions | X | PR | PR | 864 |
Reforestation of underproductive forestlands | X | X | X | 867 |
Rural technology workforce development | X | PR | PR | 868 |
Short line railroad rehabilitation | X | PR | PR | 872 |
Carryforward credits available only to S corporation shareholders | OR-40 | OR-40-N | OR-40-P | Code |
---|---|---|---|---|
Agriculture workforce housing loans | X | X | X | 836 |
Alternative qualified research activities carryforward | X | X | X | 837 |
Lender's credit: affordable housing | X | X | X | 854 |
Lender's credit: energy conservationcarryforward | X | X | X | 848 |
Long-term enterprise zone facilitiescarryforward | X | X | X | 853 |
Qualified research activitiescarryforward | X | X | X | 858 |
Credit Recaptures - Schedule OR-ASC, Section E or OR-ASC-NP, Section G. | OR-40 | OR-40-N | OR-40-P | Code |
---|---|---|---|---|
ABLE accounf credit recapture | X | X | X | 950 |
Oregon 529 College Savings Network account credit recapture | X | X | X | 951 |
Refundable credits—Schedule OR-ASC (section E) or OR-ASC-NP (section G) | OR-40 | OR-40-N | OR-40-P | Code |
---|---|---|---|---|
Claim of right income payment | X | PR | PR | 890 |
Manufactured dwellingpark closure | X | X | X | 891 |
Working family household and dependent care (WFHDC) | X | PR | PR | 895 |
Oregon 529 College Savings Network account contributions | X | PR | PR | 896 |
ABLE account contributions | X | PR | PR | 897 |