Try these steps to edit your stimulus amount:
- Go to the search box and enter stimulus. Click the Jump to link.
- Answer Yes.
- At the next screen, Let's double-check the amount you received, answer No to edit the first-round and second-round amounts.
- If no stimulus amount was received, enter 0. An amount should be entered in each box. When finished, click Continue.
When using your Mac in TurboTax CD/Download, go to Forms Mode. To see the stimulus payment impact, follow these steps:
- Scroll down under Oregon Individual and find Fed Tax Liab Wk and Form 40. Open each of these.
- Fed Tax Liab Wk calculates if the Federal Tax Liability is more or less than the maximum allowed tax liability subtraction. For 2020, only $6,950 of federal income taxes is subtracted from Federal Adjusted Gross Income.
- The form reduces the Federal Tax Liability by the amount of the stimulus credit to equal Line 10 on the Fed Tax Liab Wk for Oregon.
- This amount is compared to $6,950 on Line 11. Whichever is less, Line 10 or Line 11, is then subtracted on Form 40, Line 10.
For the full Oregon individual income tax instructions, see: 2020 Publication OR-17, Oregon Individual Income Tax Guide, 150-101-431
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