OR-ASC: Schedule OR-ASC, Oregon Adjustments for Form OR-40 Filers (2025)
Oregon · Oregon DOR · Used for tax years 2025
The 2025 Schedule OR-ASC reports Oregon adjustments for Form OR-40 filers. It covers additions, subtractions, tax recaptures, standard credits, carryforward credits, and refundable credits that aren’t included on Form OR-40.
Who files this form
Use the 2025 Schedule OR-ASC if you file Form OR-40 and need to report additions, subtractions, tax recaptures, standard credits, carryforward credits, or refundable credits that aren’t included on Form OR-40.
Include this schedule when you file Form OR-40.
What you'll need
Complete Schedule OR-ASC with your Form OR-40. The schedule asks for:
- Your last name and Social Security number (SSN).
- The codes and amounts for the adjustments or credits you report.
- A state abbreviation if you claim standard credit code 802 or 815.
- For carryforward credits, the amount from the prior year, the amount awarded this year, and the total used this year.
For more information, the form points to Schedule OR-ASC and OR-ASC-NP Instructions, Publication OR-CODES, and Publication OR-17.
How to file
Include Schedule OR-ASC with your Oregon Form OR-40. File an additional Schedule OR-ASC if you are claiming more than will fit on one schedule.
Enter the codes and amounts in the appropriate sections, add the amount lines as directed, and transfer the totals to Form OR-40:
- Section A, additions: line 8.
- Section B, subtractions: line 13.
- Section C, tax recaptures: line 22.
- Section D, standard credits: line 27.
- Section E, carryforward credits used this year: line 30.
- Section F, refundable credits: line 39.
Common mistakes
Follow these reminders printed on the schedule:
- Use UPPERCASE letters and blue or black ink.
- Print at actual size (100%).
- Don’t submit photocopies or use staples.
- Don’t leave out the schedule when filing your Oregon income tax return.
- Enter the state abbreviation when claiming code 802 or 815.
- File an additional Schedule OR-ASC if your claims won’t fit on one schedule.
Questions people ask
What does Schedule OR-ASC report?
It reports additions, subtractions, tax recaptures, standard credits, carryforward credits, and refundable credits that aren’t included on Form OR-40.
What if I run out of space?
File an additional Schedule OR-ASC if you are claiming more than will fit on one schedule.
Which standard credits need a state abbreviation?
Enter a state abbreviation in Section D if you claim code 802 or 815.
Where can I find more information?
The form refers you to Schedule OR-ASC and OR-ASC-NP Instructions, Publication OR-CODES, or Publication OR-17.