22 jan Oregon Tax Calculator 2024-2025: Estimate Your Taxes

The average effective property tax rate is just below average, however, ranking 25th in the country. Oregon’s maximum marginal income tax rate is the 1st highest in the United States, ranking directly below Oregon’s %. You can learn more about how the Oregon income tax compares to other states’ Online Accounting income taxes by visiting our map of income taxes by state. To get tax forms, check the status of their refund, or make payments, visit our website or email

• In addition to the tax brackets, Oregon offers various deductions and credits that can help reduce your overall tax liability.
• View all of the current year’s forms and publications by popularity or program area.
• The state levies a gross receipts tax in addition to the corporate income tax.
• One exception to this is for new vehicles purchased outside the state.
• ​Yes.If you change your permanent residence to Oregon, your pension income, along with allother income regardless of source, is taxable in Oregon.

State and Local Tax Burdens, Calendar Year 2022

• Social Security tax is withheld at 6.2% and Medicare tax at 1.45% of your wages.
• Tax credits are applied directly to the tax liability, while deductions are applied to the taxable income.
• This structure aims to ensure that individuals with greater financial capacity contribute a larger percentage of their income to state revenue.
• If approved for the program, you will borrow money from the State of Oregon to pay your county property taxes.
• Taxpayers who don’t have a Revenue Online account can still use the Where’s My Refund?
• While putting money in these accounts shrinks your paycheck, it also lowers your taxable income (and, in the case of retirement accounts, simultaneously helps secure your financial future).
• Please contact the below listed software partners directly for any problems you encounter with their products or services.

To e-file your Oregon and Federal income tax returns, you need a piece of tax software that is certified for eFile by oregon income tax rate the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies. Shareholders who meet Oregon filing requirements must file an Oregon tax return. Refer to the appropriate tax forms and instructions, based on what type of taxpayer the shareholder is (individual, corporation, trust, other), for more information.

Property Taxes

This kicker surplus is nowhere near the largest in state history — 2023’s record $5.6 billion. Nonetheless, taxpayers will see a helping hand when filing their 2025 taxes. When choosing a tax professional, consider their qualifications, experience, and reputation. Look QuickBooks Accountant for professionals who specialize in Oregon state income tax and have a thorough understanding of the state’s tax laws. You can ask for recommendations from friends, family, or colleagues, or search for professionals through reputable organizations, such as the Oregon Society of Certified Public Accountants.

Oregon Corporate Income Tax Brackets

• And in sheer dollars, the payment amounts to the fourth largest kicker since the law was created in the late 1970s.
• The deadline to file your return is typically April 15th, but it may be extended if that day falls on a weekend or holiday.
• Each edition incorporates all laws, and changes to laws, enacted by the Legislative Assembly through the odd-numbered year regular session referenced in the volume titles for that edition.
• File electronically, view a list of approved vendors and read about corporation e-filing requirements.
• If you pay for any benefits from your employer, such as health or life insurance, any premiums you pay will come out of your paycheck.
• This kicker surplus is nowhere near the largest in state history — 2023’s record $5.6 billion.

The most common additions are for income taxes paid to other states and interest income from the government bonds of other states. The first thing to know about the state of Oregon’s tax system is that it includes no sales tax. This means that neither state nor local authorities collect taxes on the sale of products or services.

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. The tax must be paid before the vehicle can be titled and registered in Oregon. ​Yes.If you change your permanent residence to Oregon, your pension income, along with allother income regardless of source, is taxable in Oregon. Depending on your ageand income, you may be entitled to a retirement income credit on your Oregonreturn.