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Oregon Income Tax, Full Year Resident, Form 40 Oregon Gov Oregon

Oregon Income Tax, Full Year Resident, Form 40 Oregon Gov Oregon

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for this video i wanted to cover the oregon state earned income tax credit so the earned income tax credit most people are very familiar with this at the federal tax level so when you file your form 1040 with the irs you can claim an eitc and get a refundable credit based on your income and how many qualifying children you have but what a lot of people don't know is you can also get a lot of these at the state level so most states approximately 30 have their own version of the eitc and oregon is one such state so we're going to go over an example as to how to claim this at the oregon level now in order to get started you first have to do your federal tax return and this is common for computing these kind of state level tax credits because the state will compute its portion of the credit based on the federal amount so for example in oregon the amount of your oregon state earned income tax credit is nine percent of the federal amount or if you have a family with dependents under the age

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