One thing you can do is tweak your tax withholdings by asking your employer to withhold an additional dollar amount from your paychecks. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site.

Tax rates and table

• At the end of 2025, the individual tax provisions in the Tax Cuts and Jobs Act (TCJA) expire all at once.
• The Personal Exemption, which is supported by the Oregon income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses.
• If you earn wages in excess of $200,000 as a single filer, head of household or qualifying widow(er), these wages are subject to a 0.9% Medicare surtax.
• Outlook for the 2024 Oregon income tax rate is to remain unchanged with the lower three income tax brackets increasing due to the annual inflation adjustment.
• The Revenue Division may also begin collection activity for the balance due for your account.
• Failure to pay any installment of the payment plan by the due date will result in the payment plan being considered in default and any outstanding balance will become immediately payable.

Oregon has a graduated individual income tax, with rates ranging from 4.75 percent to 9.90 percent. Oregon has a 6.60 percent to 7.60 percent corporate income tax rate and levies a gross receipts tax. Oregon does not have a state sales tax and does not levy local sales taxes. Oregon’s tax system ranks 24th overall on our 2023 State Business Tax Climate Index.

Menu for Personal Tax

Oregon collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. 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. When you consider not just income taxes, but all the taxes collected by state and local governments, the tax structure turns upside-down. While the personal https://www.bookstime.com/articles/what-is-a-virtual-accountant income tax is based on a tax filer’s ability to pay, Oregonians pay other taxes not connected to how much someone can afford to pay. In addition to property taxes, they also pay excise taxes on things like gasoline, alcohol, and tobacco. When you add up all state and local taxes, Oregon’s tax structure is regressive – meaning Oregonians with low-incomes pay a higher share of their income in taxes than the richest Oregonians.

Oregon Head of Household Filer Standard Deduction

We do not include the universe of companies or financial offers that may be available to you. The federal standard deduction for a Head of Household Filer in 2022 is $ 19,400.00. Newer products like spirits-based hard seltzers and ready-to-drink cocktails have fueled growth, while also blurring the lines of a categorical tax system.

If you were Black, mixed-race, Hawaiian, or Chinese, you had to pay a tax not levied on white Oregonians. While this rate is low compared to many other states, median tax bills in Oregon are higher than in many parts of the country. There is no property tax on household furnishings, personal belongings, automobiles, crops, orchards or business inventories. Property subject to taxation includes all privately owned real property (land, buildings, and fixed machinery and equipment) and personal property used in a business. At the end of 2025, the individual tax provisions in the Tax Cuts and Jobs Act (TCJA) expire all at once.

Without congressional action, most taxpayers will see a notable tax increase relative to current policy in 2026. You may qualify for itemized deductions if the total amount is greater than what you’d receive from the current standard deduction. ​You can drop off your tax form and make non-cash payments in person at our main office in Salem or at one of our regional field offices in Bend, Eugene, Gresham, Medford, or Portland. Part-year residents figure Oregon oregon state income tax estimated tax the same way as a nonresident for the part of the year that they’re a nonresident, and the same way as a full-year resident for the part of the year that they’re a resident. The post The complexity of tax filing is harming Oregonians, but a solution is coming appeared first on Oregon Capital Chronicle. Barely had tax season come to a close when we were reminded — in case anyone could forget — of how absurdly complex tax filing has become.

Federal Income Tax Tables in 2024