Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 316 - PERSONAL INCOME TAX GENERAL PROVISIONS
Section 150-316-0179 - Student Loan Interest Deduction - for Part-Year and Nonresidents

Universal Citation: OR Admin Rules 150-316-0179
Current through Register Vol. 63, No. 9, September 1, 2024

Individuals who are allowed a deduction for student loan interest for federal purposes shall be allowed a deduction for Oregon purposes. The allowable Oregon deduction is limited to a percentage of the federal deduction (not to exceed 100 percent). The qualifying interest paid while a nonresident of Oregon must be prorated based on the ratio of total Oregon source income while a nonresident to total income while a nonresident, determined without deduction for student loan interest. The qualifying interest paid while a resident is deductible in full. See the example for the alimony adjustment under OAR150-316.130(2)(c)(A). The total Oregon deduction cannot exceed the amount allowed under federal law.

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 316.127

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