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You may be able to subtract some or all of your taxable federal pension included in federal income, including benefits paid to the retiree or the beneficiary.

The subtraction amount is based on the number of months of federal service before and after October 1, 1991.

The pension exclusion is calculated by the user and entered in the program using the following steps:
  1. From within your TaxACT return (Online or Desktop) click on the State Q&A tab and then click Oregon directly below the blue tabs
  2. Click Income to expand the category and then click Federal Pension Income Subtraction 
  3. The program will proceed with the interview questions for you to enter or review the appropriate information

Federal pension income is pension provided to the user through the federal government. This could be from services with the Department of Agriculture, Air Force, Department of Defense, etc. This would be income paid to the retiree or the beneficiary.

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