Yes, you can generally claim the Oregon Political Contribution Credit if your federal adjusted gross income (AGI) is within the limits set by the regulations.
- The credit is available if your AGI does not exceed $150,000 for a joint return or $75,000 for other types of returns.
Here are the steps to verify your eligibility:
- Check your AGI: Ensure your AGI is correctly calculated and falls within the specified limits.
- To check your Adjusted Gross Income (AGI) in TurboTax, follow these steps:
- Sign in to TurboTax: Open your TurboTax account and sign in.
- Open your return: If you haven't already, open your current tax return.
- Navigate to the Tax Summary:
- From the left menu, select "Tax Tools".
- Then select "Tools".
- In the pop-up window, select "View Tax Summary".
- Find your AGI: Your AGI will be listed under the "Adjusted Gross Income" section of the Tax Summary
- Review the regulations: Refer to ORS 316.102 for detailed information on the credit