Providing this information may be done separately from a tax return through Revenue Online. It can only be used for research purposes to analyze potential inequities in tax policy. We have information on the local income tax rates in 2 localities in Oregon. You can click on any city or county for more details, including the nonresident income tax rate and tax forms. To qualify for the credit, you must make contributions during the tax year, up until the date the return is filed or the due date (not including extension), whichever is earlier.

• If a calendar year federal S corporation return is due March 15, the Oregon calendar year return is due April 15.
• You must make quarterly estimated tax payments if you expect to owe $500 or more in tax for the year.
• For example, if you used Revenue Online to submit a form and the request is “Processing,” it means we’re processing the request, not the form.
• You can file your federal and state returns from your home, work, or library computer using Oregon approved online tax preparation products.
• Write $25 on the line of the W-4 that asks how much of an additional withholding you want to be taken from your paycheck.
• A financial advisor can help you plan for retirement and other financial goals.
• Always verify your return with official forms or a qualified tax professional.

Revenue Online Help

Oregon also has an estate tax that applies to estates valued over $1 million. Navigating the complexities of state taxes can CARES Act be daunting, but understanding Oregon’s tax landscape is essential for residents and newcomers alike. Only share sensitive information on official, secure websites. A .gov website belongs to an official government organization in the United States. Businesses may be subject to more than one tax program, and you should consult your tax preparer or attorney if you have any questions.

Can I withdraw my request in Revenue Online?

The table below shows the full tax brackets and Bookkeeping vs. Accounting rates for the state income tax in Oregon. Oregon’s state income tax rates for 2025 are structured into four brackets, with rates that increase as income rises. The brackets are based on taxable income, which starts with federal taxable income and is adjusted for Oregon-specific additions and subtractions.

View Bill

If you’re filing a part-year resident or nonresident return, multiply your EIC by your Oregon percentage. Oregon and the Internal Revenue Service offer many tax credits for low- to moderate-income families. These credits are fully or partially refundable, so the portion of the credit that is more than what you owe can be refunded to you. Even people who don’t owe any tax can claim these credits if they file a return.

• As is mentioned above, it exempts Social Security retirement benefits from the state income tax.
• Local governments levy property taxes, and these come in right around U.S. averages.
• If the bonds are approved, the district can levy annually an amount sufficient to pay principal and interest for the bonded debt.
• Oregon and the Internal Revenue Service offer many tax credits for low- to moderate-income families.
• Oregon collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets.
• Sales Tax – Oregon is one of only four (4) states in the union with no sales tax, yay!

Approved Tax Preparation Software Products (prices vary)

If your state tax witholdings are greater then the does oregon have state income tax amount of income tax you owe the state of Oregon, you will receive an income tax refund check from the government to make up the difference. Similar to other states, Oregon property taxes are assessed, calculated, and collected on a county level. In Oregon, the effective property tax rate is 0.93%, with households paying a median annual property tax of $3,351, according to Business Insider. It’s also important to note local jurisdictions in Oregon may also collect local income taxes.

How do I amend my corporation return? What form do I use?

The average effective property tax rate in Oregon is slightly lower than the national average at 0.86%. However, because home prices in Oregon tend to be fairly high, many Oregon homeowners spend more than $3,633 annually on property taxes. Income from a 401(k), IRA or any other retirement account is taxable at rates ranging from 4.75% to 9.9%.