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Jimbo274
New Member

For the state of Oregon, Where do I go after I have completed my form to see how my staimulus money was handeled

 
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ThomasM125
Employee Tax Expert

For the state of Oregon, Where do I go after I have completed my form to see how my staimulus money was handeled

I believe you mean how is the tax on your stimulus payments reflected on your state form OR-40? It would be listed as a component of your federal tax liability subtraction listed on line 10 of form OR-40. If a a portion or all of your stimulus money is taxable, it would be entered as a reduction of your federal tax liability, which would otherwise be fully deductible.

 

There should be a worksheet in your printout form TurboTax that shows how the amount of your federal tax liability subtraction was calculated.

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2 Replies
ThomasM125
Employee Tax Expert

For the state of Oregon, Where do I go after I have completed my form to see how my staimulus money was handeled

I believe you mean how is the tax on your stimulus payments reflected on your state form OR-40? It would be listed as a component of your federal tax liability subtraction listed on line 10 of form OR-40. If a a portion or all of your stimulus money is taxable, it would be entered as a reduction of your federal tax liability, which would otherwise be fully deductible.

 

There should be a worksheet in your printout form TurboTax that shows how the amount of your federal tax liability subtraction was calculated.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

For the state of Oregon, Where do I go after I have completed my form to see how my staimulus money was handeled

OREGON explicitly taxes your rebate credit, if your income is high enough to trigger that.

It is calculated on  the tax liability subtraction worksheet.

There's not much you can do, so try not to think about it.

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