The calculator will show you the total sales tax amount, as well as the county, city, and special district tax rates in the selected location. The current tax structure was shaped by the Student Success Act (House Bill 3427), passed in 2019. This law introduced the Corporate Activity Tax (CAT), a separate tax on business receipts dedicated to school funding. While the CAT does not affect personal income tax brackets, it is part of Oregon’s broader tax policy. Capital gains in Oregon are subject HOA Accounting to the normal personal income tax rates. That means capital gains can be taxed at a rate as high as 9.9%, depending on your total income.

Oregon Tax Credits

Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package. Certain items tax rate in oregon are excluded from the $5 and $10 limits such as bond levies and some special assessments. These amounts can be found on the right-hand side of your bill in the third section of itemized amounts. These items are calculated based on the Assessed Value and tax rate for the individual items. The state of Oregon does have an estate tax that ranges from 10% to 16% depending on the size of the estate.

What is an Income Tax Comparison by State Calculator?

• Per IRS/State regulation – not eFile.com – an Oregon state tax return can only be e-Filed together with an IRS tax return.
• Single filers with an income between $70,000 and $100,000 can receive up to a $180 tax credit when contributing at least $720.
• Depending on your ageand income, you may be entitled to a retirement income credit on your Oregonreturn.
• Similar to other states, Oregon property taxes are assessed, calculated, and collected on a county level.

Credit card payments are accepted through third-party vendors, though these vendors typically charge a small convenience fee for the service. For taxpayers who prefer to pay by check or money order, the payment must be mailed to the DOR along with the appropriate payment voucher, Form OR-40-V. See a graph of the last five years of your property value and taxes.

Oregon estate and inheritance taxes

Other important adjustments include the subtraction for contributions to an Oregon 529 College Savings Plan. Taxpayers may subtract up to $5,000 for single filers or $10,000 for joint filers in plan contributions from their Oregon income. This refundable credit can reduce a taxpayer’s liability below zero, resulting in a direct payment. The Working Family Household and Dependent Care Credit is aimed at low- and middle-income families with child care expenses.

Failure to pay the estimated liability by the original deadline will result in the assessment of interest on the underpayment. Once you’ve filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your Oregon tax refund, you can visit the Oregon Income Tax Refund page. If your state tax witholdings are greater then the 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. The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company.

• With the 2025 tax year approaching, it’s important to understand what has changed, who is affected, and what actions are required for both current and future taxpayers.
• Oregon’s corporate income tax is a business tax levied on the gross taxable income of most businesses and corporations registered or doing business in Oregon.
• Oregon does impose estate and inheritance taxes in the form of a transfer tax.
• The State of Oregon also imposed Local Income Taxes; however, they are paid through payroll taxes.
• Oregon has an estate tax for estates valued at more than $1 million.
• Tax information is based on publicly available data and may not reflect the most current tax laws or rates.

Meanwhile, joint filers in the same income bracket can receive up to $360 when contributing at least $1,440. Oregon collects special excise taxes trial balance on the sale of all types of alcohol, subdivided into specific taxes on wine, beer, and liquor (hard alcohol other then wine and beer). Alcohol taxes are sometimes collectively referred to as “sin taxes”, which also include excise taxes on cigarettes, gambling, drugs, and certain other items.