Read about military personnel filing requirements and American Indian filing information. The worksheets will require you to have the same type of information on hand that the calculator uses, but the calculator may give you more accurate results. For more information, including eligibility requirements, visit our Direct File Oregon webpage, or go to Direct File Oregon to get started.
Oregon Tax Tables for 2026
This means a lower-income family with just $20,000 of taxable income pays the same tax rate on its last dollar of income as a family making a quarter-million dollars. Before 2018, you could claim one deduction for yourself, one for your spouse, and one for each dependent on your federal income tax return. For withholding purposes, each allowance claimed on federal Form W-4 was equal to one personal exemption deduction for the year on your federal return. If the federal form was used for Oregon withholding, then each allowance was equal to one personal exemption credit’s worth of tax for the year on your Oregon return. In addition to federal taxes, Oregon taxpayers have to pay state taxes. The state uses a four-bracket progressive state income tax, which means that higher income levels correspond to higher state income tax rates.
Property Taxes
The Oregon Kids Credit is a refundable credit for people with young dependent children. Above a modified AGI of $26,550 the credit is reduced and is $0 at a modified AGI of $31,550. Tax burdens rose across the country as pandemic-era economic changes caused taxable income, activities, and property values to rise faster than net national product.
How do I receive the Oregon kicker?
The Oregon Department of Revenue will begin issuing refunds for electronically filed income tax returns on Feb. 15. Marginal income tax brackets for Head of household filers in Oregon for 2025. By law, as an employer you must withhold a portion of your employees’ wages based on their allowances and send the funds to the Department of Revenue (DOR). Oregon income Bookkeeping 101 tax withholding refers to the amount of Oregon personal income taxes that are withheld from the employees’ paychecks to cover the anticipated Oregon tax liability for the year.
TriMet Transit Payroll
- Income tax deductions are expenses that can be deducted from your gross pre-tax income.
- The service provider will tell you the amount of the fee during the transaction.
- Marginal income tax brackets for Married filing jointly filers in Oregon for 2026.
- For additional help, please see our videos on How to get a BIN on Revenue Online and How to submit a payroll tax contact change in Revenue Online.
- A refundable tax credit for the 2025 tax year of up to $180 ($360 if married filing jointly) is available if you make contributions to an Oregon higher education savings plan account.
The marginal tax rate is the rate applied to the last dollar of income earned, corresponding to the highest bracket the filer reaches. For instance, a single filer oregon income tax rate with $15,000 in taxable income falls into the 8.75% marginal bracket. However, the first $10,750 of that income was taxed entirely at the lower 4.75% and 6.75% rates. Download Publication OR-ESTIMATE, for more information about estimated personal income tax payments. 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. Form OR-40-P filers will need to multiply the tax by their Oregon percentage on their return.
Does my dependent have to live in Oregon?
- Here’s a quick look at some of the most common credits and how they work.
- You’ll need your Social Security number or Individual Taxpayer Identification Number, the filing status you used on your 2024 return, and the filing status you expect to use on your 2025 return.
- For a broader explanation of how tax tables work, see our Tax Tables guide.
- Some good news is that estates under $1 million aren’t taxed in the Beaver State, so smaller inheritances are off the hook.
- In Oregon, the average property tax rate as a percentage of assessed home value is 0.77% according to the Tax Foundation.
- You need to file a return if your gross income is more than the amount shown below for your filing status.
Four states—Georgia, Nebraska, North Carolina, and Pennsylvania—reduced their corporate income tax rates effective January 1, 2026. There are a few other deductions that can impact the size of your paychecks. If you pay for any benefits from your employer, such as health or life insurance, any premiums you contribution margin pay will come out of your paycheck. Contributions you make to a retirement plan, like a 401(k), or to a medical expense account, like a health savings account (HSA), will also come out of your paycheck.