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Please read through the following list of Oregon Adjustments to Income to see if any of these might apply to your situation:

 

ADJUSTMENTS:

Certain business expenses of reservists, performing artists, and fee-basis government o­fficials

Health savings account deduction

 Penalty on early withdrawal of savings

Domestic production activities deduction

 

 

ADDITIONS:

Domestic production activities deduction

Claim of right income repayments

Disposition of inherited Oregon farmland or forestland

Federal election on interest and dividends of a minor child

Federal income tax refunds

Net operating loss—non-Oregon source

Oregon 529 College Savings Plan nonqualified withdrawal

Oregon deferral of reinvested capital gain

Partnership and S corporation modifications for Oregon

Business credit—unused

Federal subsidies for employer prescription drug plans

Federal law disconnect

Accumulation distribution from certain domestic trusts

Fiduciary adjustment from Oregon estates and trusts

Gambling losses claimed as an itemized deduction

Oregon-only Schedule A items

Refund of Oregon-only Schedule A items from a prior year

Individual Development Account nonqualified withdrawal

Oregon IDA Initiative Fund donation credit add-back

Lump-sum distribution from a qualified retirement plan

Passive foreign investment company income

Child Care Fund contributions

Oregon Production Investment Fund contributions

Renewable Energy Development Fund contributions

University Venture Development Fund contributions

Income taxes paid to another state

Basis of business assets transferred to Oregon

Depletion in excess of property basis

Depreciation difference for Oregon

Federal depreciation disconnect

Gain or loss on sale of depreciable property with different basis for Oregon

Passive activity losses

Suspended losses

Federal estate tax on income in respect of a decedent

Interest on state and local government bonds outside of Oregon

Federal subtraction for retirement savings rollover from Individual Development Account

Charitable donations not allowed for Oregon

WFHDC medical expenses

ABLE account nonqualified withdrawal

 

 

SUBTRACTIONS:

Code American Indian

Artist's charitable contribution

Construction worker and logger commuting expenses

Federal gain previously taxed by Oregon

Federal pension income

Federal income tax from a prior year

Fiduciary adjustments from Oregon estates and trusts

Foreign tax

Individual Development Account contributions

Interest and dividends on U S bonds and notes

Land donation to educational institutions

Interest from state and local government bonds

Military active duty pay

Mortgage interest credit

Net operating loss

Oregon lottery winnings

Partnership and S corporation modifications for Oregon

Oregon 529 College Savings Plan deposit

Oregon income tax refund

Previously taxed employee retirement plans

Public Safety Memorial Fund award

Railroad Retirement Board benefits: tier 2, windfall/vested dual, supplemental, and railroad unemployment benefits

US government interest in IRA or Keogh distributions

Scholarship awards used for housing expenses

Legislative Assembly salary and expenses

Film production labor rebate—Greenlight Oregon Labor Rebate Fund

Mobile home park capital gain

Capital Construction Fund (CCF) contributions

Federal business and health coverage credits

Income on a composite return

Oregon Investment Advantage

Mobile home tenant payment

Taxable benefits for former RDPs

Previously-taxed IRA conversions

Discharge of indebtedness

Special Oregon medical

DISC dividend payments

Depreciation difference for Oregon

Gain or loss on sale of depreciable property with different basis for Oregon

Passive activity losses

Suspended losses

Basis of business assets transferred to Oregon

Marijuana business expenses not allowed on the federal return

ABLE account deposit

 

 

MODIFICATIONS:

 Artist’s charitable contribution

Federal income tax refunds

Federal tax from a prior year

Foreign tax

Gambling losses claimed as an itemized deduction

Federal estate tax on income in respect of a decedent

Mortgage interest credit deduction

Federal business and health coverage credits

Child Care Fund contributions

Oregon Production Investment Fund contributions

Renewable Energy Development Fund contributions

University Development Venture Fund contributions

Oregon IDA Initiative Fund donation credit add-back

Claim of right income repayment

Charitable donations not allowed for Oregon

WFHDC medical expenses

 

 

STANDARD CREDITS:

Income taxes paid to another state

Mutually-taxed gain on the sale of residential property

Oregon Cultural Trust contributions

Oregon Veterans' Home physicians

Political contributions

Reservation enterprise zone

Retirement income

Rural emergency medical technicians

Rural health practitioners

Pass-through income taxes paid to another state

 

 

CARRYFORWARD CREDITS:

Agriculture workforce housing

Biomass production/collection

Business energy carryforward

Child and dependent care carryforward

Child Care Fund contributions

Crop donation

Electronic commerce zone investment

Employer-provided dependent care assistance carryforward

Employer scholarship

Energy conservation projects

Fish screening devices

Oregon IDA Initiative Fund donation

Oregon Low Income Community Jobs Initiative/New Markets

Oregon Production Investment Fund contributions

Pollution control facilities carryforward

Renewable Energy Development Fund contributions

Renewable energy resource equipment manufacturing facility carryforward

Residential energy

Transportation projects carryforward

University Venture Development Fund contributions

Alternative Fuel Vehicle Fund contributions carryforward

Reforestation of underproductive forestlands

Rural technology workforce development

 

 

REFUNDABLE CREDITS:

Code Claim of right

Mobile home park closure

Working Family Household and Dependent Care (WFHDC)

 

 

CARRYFORWARD CREDITS AVAILABLE ONLY TO S CORP SHAREHOLDERS:

Agriculture workforce housing loans (S corporation)

Alternative qualified research activities (S corporation)

Contribution of computers or scientific equipment for research, carryforward only (S corporation)

Lender’s credit: affordable housing (S corporation)

Lender’s credit: energy conservation, carryforward only (S corporation)

Long-term rural enterprise zone facilities (S corporation)

Qualified research activities (S corporation)