Oregon Department of Revenue : Personal Income Tax : Individuals : State of Oregon

Tax deductions are available for a wide range of expenses, such as charitable donations, mortgage interest, medical expenses, balance sheet and business expenses. Visit the official state government’s website to pay individual income tax online. Oregon residents are liable for state income taxes ranging from 4.75% to 9.9% in the 2024 tax year. There is state-level exemptions for all type of filers and dependents.

• From this starting point, you must make several adjustments specific to Oregon law, categorized as additions and subtractions.
• Oregon also offer exemptions but in the form of credits and subtractions to offset taxable income.
• Tax-Rates.org provides easy access to five of the most commonly used Oregon income tax forms, in downloadable PDF format.
• In the mid-1970s, corporations contributed almost 19 percent of all income taxes collected by the state of Oregon.
• By reducing your taxable income, these deductions may lower your overall tax liability.
• ​The 2-D barcode is printed on the first page of Form OR-40, Form OR-40-P, Form OR-40-N, and Schedule OR-WFHDC.

Oregon Paycheck Calculator

• This can help you understand what tax bracket you fall in and what to expect when filing.
• For the 2024 tax year, rates begin at 4.75% and increase to 9.9% for the highest earners.
• Qualifying deductions might include an itemized deduction, the Oregon standard deduction, exemptions for dependants, business expenses, etc.
• Statewide, the average effective property tax rate (annual property taxes as a percentage of home value) is 0.86%.
• The mechanism of FICA taxation involves a dual contribution system where both the employer and the employee contribute a set percentage of the employee’s income towards these programs.
• The Income tax rates and personal allowances in Oregon are updated annually with new tax tables published for Resident and Non-resident taxpayers.

These credits can make a big difference when it’s time to file your taxes. Be sure to check which ones apply to your situation so you can get the most out of your Oregon state income tax refund. To calculate their total tax, they need to add up the taxes owed for each bracket. In addition to the statewide income tax, Oregon imposes a Statewide Transit Tax of 0.1% on all wages.

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Oregon was one of the first Western states to adopt a state income tax, enacting its current tax in 1930. It consists of four income tax brackets, with oregon income tax rate rates increasing from 4.75% to a top rate of 9.9%. That top marginal rate is one of the highest rates in the country. Only a small subset of taxpayers actually pays that rate, however, as it applies only to single taxpayers making at least $125,000 a year ($250,000 for joint filers).

Board of Property Tax Appeals (BOPTA) See Property Value Appeals Board (PVAB)

For those filing as married filing jointly, head of household, or qualifying surviving spouse, it applies to income over $250,000. Marital status significantly determines your tax liability, affecting your filing status and tax brackets. Pre-tax deductions, such as retirement fund contributions, can also impact your paycheck. By reducing your taxable income, these deductions may lower your overall tax liability. While the state income taxes deal a heavy hit to some earners’ paychecks, Oregon’s tax system isn’t all bad news for your wallet.

E-filing uses secure technology to ensure the safety of your personal information when it’s sent to the IRS and the Department of Revenue. The EITC rates and thresholds are adjusted annually to reflect changes in the economy and cost of living. For the tax year 2025, these adjustments ensure that the credit remains aligned with the current economic conditions, providing targeted support to eligible taxpayers. Understanding the latest EITC rates and thresholds is crucial for taxpayers who wish to maximize their potential credit and accurately plan their finances.

Oregon Tax Tables 2024 – Tax Rates and Thresholds in Oregon

If you’re Accounts Payable Management an Oregon resident and you purchase a new vehicle from a seller outside of the state, you may be exempt from paying the other state’s sales tax. Complete an Oregon Business Registry Resale Certificate​ and give it to the out-of-state seller at the time of purchase. The seller may accept this certificate and exempt the transaction from their state’s sales/use/transaction tax, but they aren’t required to accept it. To file electronically, view a list of approved vendors​ under the Corporate Activity Tax menu. ​Make your estimated tax payment electronically using Revenue Online. As home values have spiked, Florida and other states are weighing elimination of property taxes.

• Oregon imposes an individual income tax on earnings for both residents and nonresidents within the state.
• If you fall into this camp, make sure that during tax season you look into possible deductions to help recoup the money you spend on the “employer” portion of FICA taxes.
• In general, income that is included on your federal income tax return is taxed by Oregon unless federal law or the Oregon Legislature has made an exception for it.
• Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail.
• Use the Oregon form that would have been used if the decedent were alive.
• The 2024 tax rates and thresholds for both the Oregon State Tax Tables and Federal Tax Tables are comprehensively integrated into the Oregon Tax Calculator for 2024.

Oregon Widower Filer Standard Deduction

However, the Beaver State also has no sales taxes and below-average property taxes. Capital gains in Oregon are subject to the normal personal income tax rates. That means capital gains can be taxed at a rate as high as 9.9%, depending on your total income. Single filers with an income between $70,000 and $100,000 can receive up to a $180 tax credit when contributing at least $720. Meanwhile, joint filers in the same income bracket can receive up to $360 when contributing at least $1,440.