101k views
5 votes
Abbey is a single stewardess who will be itemizing on her federal return. Which of the following credits require an addition before taking a credit on the Oregon return?

a. Oregon Cultural Trust.
b. Credit for Taxes Paid to Another State.
c. Long-term Care Insurance Premium Credit.
d. All of the above.

User Curlene
by
8.8k points

1 Answer

2 votes

Final answer:

Credits like the Oregon Cultural Trust, Credit for Taxes Paid to Another State, and the Long-term Care Insurance Premium Credit may require adjustments before claiming them on the Oregon tax return. Abbey should refer to Oregon's specific tax instructions or consult a tax professional for her individual circumstances.

Step-by-step explanation:

The question concerns Oregon state taxes, specifically the addition adjustments required for certain credits on an Oregon return for a single stewardess who will be itemizing deductions. Credits that may require an addition before taking a credit on the Oregon return can include the Oregon Cultural Trust credit, the Credit for Taxes Paid to Another State, and the Long-term Care Insurance Premium Credit.

In the context of Oregon taxation, these additions are necessary because the state adjusts federal itemized deductions to conform to Oregon's tax regulations. It's important to note that different states have different rules regarding how credits are handled. Some states, like those that don't impose an income tax, will obviously not have such adjustments. Abbey should consult the specific instructions for Oregon's tax form or speak to a tax professional to understand the exact requirements and calculations for her individual situation.