Oregon Tax Tables 2019 Tax Rates and Thresholds in Oregon

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. 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. Instead, the state generates revenue with a statewide income tax of 4.75% to 9.9%, ranking among the highest in the nation. Local governments levy property taxes, and these come in right around U.S. averages. Like most states with income tax, it is calculated on a marginal scale, with four (4) tax brackets.

• Be sure to file to ensure you stay compliant and avoid potential penalties.
• For comparison purposes, however, your Oregon tax bracket is the tax bracket in which your last earned dollar in any given tax period falls.
• Another way you can alter your paycheck is to change your contributions to employer-sponsored retirement or medical expense accounts.
• This can help you understand what tax bracket you fall in and what to expect when filing.
• Tax planning is a strategic approach designed to reduce a person’s (or a company’s) tax liability by leveraging various tax benefits and allowances.
• If you meet these state filing thresholds, you’re responsible for filing Oregon state income taxes.

Vaping Taxes by State, 2025

• If your deductible expenses don’t exceed these amounts, the standard deduction is a straightforward way to simplify your filing while maximizing your deductions.
• Oregon collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets.
• Oregon taxpayers are encountering several updates and changes that could impact their filings this tax season.
• A tax credit allows taxpayers to reduce the amount of taxes they are required to pay.
• For info on 2011 federal income tax and federal tax refunds, visit the federal income tax and federal tax refund pages.

For help filing your taxes and maximizing your deductions, consider working with a financial advisor who specializes in taxes. The amount of income tax a person or entity pays depends on their income level. The EITC rates and thresholds are adjusted annually to reflect changes in the economy and cost of living. For the tax year 2025, these adjustments ensure that the credit remains aligned with the current economic conditions, providing targeted support to eligible taxpayers.

Oregon State Income Tax Tables in 2024

You can learn more about how the Oregon income tax compares to other states’ income taxes by visiting our map of income taxes by state. Taxpayers who are self-employed will have to pay the entire Social Security and Medicare contributions themselves. If you fall into this camp, make sure that during tax season you look into possible deductions to help recoup the money you spend on the “employer” portion of FICA taxes.

Oregon: Federal EITC(Earned Income Tax Credits) Rates and Thresholds in 2019

Benefits of e-Filing your Oregon oregon income tax rate tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below. 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. The state of Oregon also has a Corporate Tax rate with only two (2) tax brackets. Net income under $1 Million is taxed at 6.60%, everything above $1 Million is taxed at 7.60%.

Taxpayers should evaluate their eligibility to take full advantage of this credit. The 2019 tax rates and thresholds for both the Oregon State Tax Tables and Federal Tax Tables are comprehensively integrated into the Oregon Tax Calculator for 2019. This tool is freely available and is designed to help you accurately estimate your 2020 tax return.

Federal Single Filer Tax Tables

Tax-Rates.org provides easy access to five of the most commonly used Oregon income tax forms, in downloadable PDF format. For all of the tax forms we provide, visit our Oregon tax forms library or the ‘s tax forms page. If you’re an Oregon resident and you purchase CARES Act a new vehicle from a seller outside of the state, you may be exempt from paying the other state’s sales tax. Complete an Oregon Business Registry Resale Certificate​ and give it to the out-of-state seller at the time of purchase.

After deductions and credits, the average effective tax rate is about 6.0% of adjusted gross income. Since 1993, the income tax brackets have been indexed to changes in the Consumer Price Index. The current standard deduction for tax year 2024 is $5,495 on joint returns, $2,745 on single and married filing separate returns, and $4,420 for a head of household return. Blind or elderly taxpayers, persons over the age of 65, will receive an additional $1,200 standard deduction on a single return and an additional $1,000 per eligible person on a joint return. Oregon‘s tax system ranks 30th Bookkeeping for Consultants overall on the 2025 State Tax Competitiveness Index.

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Other things to know about Oregon taxes

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