Oregon Department of Revenue : Oregon subtractions : Individuals : State of Oregon

For all of the tax forms we provide, visit our Oregon tax forms library or the ‘s tax forms page. TurboTax makes it simple to maximize your refund and keep more of what you’ve earned. For previous years’ tax rates, refer to the tax charts on the last page of Publication OR-17. Tax exclusions are an amount of money or income that is not subject to taxation.

• Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
• Oregon has four marginal tax brackets, ranging from 4.75% (the lowest Oregon tax bracket) to 9.9% (the highest Oregon tax bracket).
• Like the Federal Income Tax, Oregon’s income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers.
• The new Oregon child tax credit, known as the “Oregon Kid’s Credit,” is worth up to $1,000 and is completely refundable.
• Residents can claim the standard deduction offered by the state.
• When calculating your Oregon income tax, keep in mind that the Oregon state income tax brackets are only applied to your adjusted gross income (AGI) after you have made any qualifying deductions.

What if I need to change my return after I file electronically?

Oregon uses a Combined Payroll Tax Reporting System to report all payroll taxes together. The BIN serves as the employer’s account number when reporting payroll taxes. BIN registrations using the Paper Combined Employer’s Registration form take 60 business days to complete. Residents can claim the standard deduction offered by the state.

• For details about mortgages in the state, including rates and specifics about each county, check out our comprehensive Oregon mortgage guide.
• All filers can get their tax using the personal income tax calculator instead of using the tax rate charts or tables in the return instructions.
• You can choose to pay Oregon tax electronically even if you don’t meet the federal requirements.
• There are 1,200 local taxing districts in Oregon, with property tax rates varying between each one.
• The table below shows the full tax brackets and rates for the state income tax in Oregon.

Income Tax Brackets

If approved for the program, you will borrow money from the State of Oregon to pay your county property taxes. In Oregon, the average property tax rate as a oregon income tax percentage of assessed home value is 0.77% according to the Tax Foundation. Tax-Rates.org provides easy access to five of the most commonly used Oregon income tax forms, in downloadable PDF format.

Oregon tax refund policy

• 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.
• To e-file your Oregon and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS.
• Oregon has a graduated-rate income tax, ranging from 4.75 to 9.9 percent across four income brackets.
• Find forms and publications needed to do business with the Oregon Department of Revenue here.
• That means eligible taxpayers can receive the credit back as a tax refund.
• If you couldn’t afford it, you paid it off by performing road work.
• It’s a very hardworking group of individuals who are genuinely passionate about small businesses.

For details about mortgages in the state, including rates and specifics about each county, check out our comprehensive Oregon mortgage guide. Meanwhile, the greater Portland area’s law firm chart of accounts Metro Supportive Housing Services Tax is a 1% levy on taxable income above $125,000 for individuals and $200,000 for married couples filing jointly. Taxpayers in Multnomah County, which is home to Portland, also pay the Preschool For All Personal Income Tax. For single filers, this is a 1.5% tax on income above $125,000 and 3% on income above $250,000. Married couples filing jointly pay 1.5% on income above $200,000 and 3% on income above $400,000.

Have Questions About Your Taxes?

Oregon doesn’t follow the federal backup withholding rules for pension and annuities distributions. ​You’ll receive a registration notice, including yourOregon BIN, once the business is registered. A financial advisor can help you understand how taxes fit into your overall financial goals. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Please contact the below listed software partners directly for any problems you encounter with their QuickBooks products or services. Find forms and publications needed to do business with the Oregon Department of Revenue here.