2020 Form OR-40
Oregon Department of RevenuePage 2 of 4, 150-101-040
(Rev. 11-05-20 ver. 01)
Taxable income
7. Federal adjusted gross income from federal Form 1040, 1040-SR, and 1040-NR, line 11;
or 1040-X, line 1C (see instructions) ........................................................................................................................ 7.
8. Total additions from Schedule OR-ASC, section 1 .................................................................................................. 8.
9. Income after additions. Add lines 7 and 8 ................................................................................................................ 9.
Subtractions
10. 2020 federal tax liability. See instructions for the correct amount: $0-$6,950 .................................................... 10.
11. Social Security included on federal Form 1040 or 1040-SR, line 6b ....................................................................... 11.
12. Oregon income tax refund included in federal income ............................................................................................ 12.
13. Total subtractions from Schedule OR-ASC, section 2 ............................................................................................. 13.
14. Total subtractions. Add lines 10 through 13 ............................................................................................................ 14.
15. Income after subtractions. Line 9 minus line 14 ....................................................................................................... 15.
Deductions
16. Oregon itemized deductions. Enter your Oregon itemized deductions from Schedule OR-A, line 23. If you
are not itemizing your deductions, enter 0 ............................................................................................................... 16.
17. Standard deduction. Enter your standard deduction (see instructions) ................................................................. 17.
You were: 17a. 65 or older 17b. Blind Your spouse was: 17c. 65 or older 17d. Blind
18. Enter the larger of line 16 or 17 ................................................................................................................................ 18.
19. Oregon taxable income. Line 15 minus line 18. If line 18 is more than line 15, enter 0 ........................................... 19.
Oregon tax
20. Tax. Check the appropriate box if you’re using an alternative method to calculate your tax (see instructions) ...... 20.
20a. Schedule OR-FIA-40 20b. Worksheet FCG 20c. Schedule OR-PTE-FY
21. Interest on certain installment sales ......................................................................................................................... 21.
22. Total tax before credits. Add lines 20 and 21 .......................................................................................................... 22.
Standard and carryforward credits
23. Exemption credit. If the amount on line 7 is $100,000 or less, multiply your total exemptions on
line 6e by $210. Otherwise, see instructions ............................................................................................................ 23.
24. Political contribution credit. See limits in instructions ........................................................................................... 24.
25. Total standard credits from Schedule OR-ASC, section 3....................................................................................... 25.
26. Total standard credits. Add lines 23 through 25 ....................................................................................................... 26.
27. Tax minus standard credits. Line 22 minus line 26. If line 26 is more than line 22, enter 0 ..................................... 27.
28. Total carryforward credits claimed this year from Schedule OR-ASC, section 4. Line 28 can’t be more
than line 27 (see Schedule OR-ASC instructions) .................................................................................................... 28.
29. Ta x after standard and carryforward credits. Line 27 minus line 28 ......................................................................... 29.
Name SSN
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