Forms 40, 40s, And Instructions; Schedule Wfc And Instructions - 2006 Page 9
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31Form 40S line instructions
The following instructions are for lines not fully
2. Enter $5,000 ($2,500 if married fil-
2.
ing separately).
explained on the form. For general Form 40S instruc-
tions, see page 7.
3. Enter the smaller of line 1 or line 2
3.
Amended return. If you are amending your 2006
here and on Form 40S, line 9.
return, check the box in the upper left corner of Form
40S and attach the Oregon Amended Schedule.
Is the IRS figuring your federal tax for you? Do not
write an amount on line 9. You will not be able to fin-
Do not fill in cents. You must round off cents to the
ish your Oregon return without your federal tax liabil-
nearest dollar. For example, $99.49 becomes $99.00 and
ity. Complete lines 14 through 17 and lines 19 through
$99.50 becomes $100.00.
23. Attach a copy of your federal Form 1040, 1040A,
Income. Fill in your income amounts in the
8
1040EZ, 1040NR, or 1040NR-EZ to your Oregon return.
appropriate boxes (8a, 8b, and 8c) and enter the
Write “Calculate federal tax” in blue or black ink at
total on line 8.
the top of your return. We will use the information on
your federal return to determine your federal tax lia-
8a.
Wages. Fill in all pay for work. This amount is usu-
bility, and finish your Oregon return for you. Be sure
ally shown on Form W-2. Pay for work includes
to attach Form(s) W-2 and any Form(s) 1099 showing
wages, salaries, tips, and commissions, plus your
Oregon tax withheld to the lower front of your return.
taxable scholarships and fellowship grants. If you
Go to the signature block section on page 34.
paid for housing with scholarship funds, you
must file Form 40 to claim the subtraction.
Are you amending your 2006 return? See the Oregon
Amended Schedule instructions to figure your subtrac-
8b.
Unemployment. Fill in all unemployment com-
tion for federal tax liability.
pensation. This is the amount on federal Form
Standard deduction. See the back of Form 40S
1040, line 19; Form 1040A, line 13; Form 1040EZ,
10
for instructions unless you can be claimed as
line 3; or Form 1040NR, line 20. This is also
a dependent on another person’s return. If you are a
shown on Form 1099-G.
dependent, use the following worksheet to figure your
8c.
Interest and dividends. Add your total interest
standard deduction unless you are married. If you are a
and dividends and enter the result on line 8c.
dependent and married, please contact us.
Your total interest includes:
Standard deduction worksheet for single dependents
— Any interest received or credited to your
account that you can withdraw.
1. Enter your earned income. (See
1.
— Any interest received on tax refunds.
definition below.)
You can’t use Form 40S if:
2. Additional $300.
2.
300
— You have interest from the U.S. government,
3. Add lines 1 and 2.
3.
such as savings bond interest, or
— You received nontaxable distributions or
4. Minimum standard deduction.
4.
850
capital gain distributions.
5. Enter the larger of line 3 or line 4.
5.
Use Form 40 instead.
6. Basic standard deduction for
6.
1,840
8.
Total income. Add the amounts shown in boxes
single.
8a, 8b, and 8c.
7. Enter the smaller of line 5 or line 6.
7.
2006 federal tax liability. Carefully follow the
9
instructions below. Don’t confuse your federal
8. If you’re under age 65, enter -0-. If
8.
tax liability on your federal return with the federal tax
you’re age 65 or older, enter $1,200.
withheld on your Form(s) W-2. They are not the same.
9. If you’re not blind, enter -0-. If you
9.
You may deduct your total federal income tax liability
are blind, enter $1,200.
after credits, up to $5,000. Don’t fill in less than -0- or
10. Add lines 7, 8, and 9. Enter the total
10.
more than $5,000 ($2,500 if married filing separately).
here and on Form 40S, line 10; or
1. Enter your federal tax liability
1.
Form 40, line 26. This is your stan-
from Form 1040, line 57; Form
dard deduction.
1040A, line 35; Form 1040EZ, line
11; Form 1040NR, line 52; or Form
Earned income is salaries, wages, tips, professional fees,
1040NR-EZ, line 15.
or other amounts received as pay for work you actually
Or, visit our website at
Form 40S line instructions
9
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