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Publication or 40 fy for year 2016-2026
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- Click ‘Get Form’ to open the OR-40-FY in the editor.
- Begin by filling out your federal adjusted gross income on line 7, using your federal Form 1040 as a reference.
- Complete the exemptions section (lines 6a to 6e) by entering your personal information and dependents. If you have more than four dependents, use Schedule OR-ADD-DEP.
- Proceed to the additions and subtractions sections (lines 8 to 15). Use Schedule OR-ASC for any adjustments that apply, ensuring you enter totals correctly.
- Calculate your Oregon taxable income on line 21 by subtracting deductions from your income after adjustments.
- Determine your tax liability using the tax tables provided in the instructions and enter it on line 22.
- Finally, review all entries for accuracy before submitting. Ensure you include any required schedules and forms as indicated.
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