Oregon State Income TaxesApril 15th is the Oregon deadline for filing your state income tax return. This should be an easy date to remember since your federal income tax return is due on this day as well.
This page:
• Lists basic Oregon state tax information
• Links to the major Oregon income tax forms
• Shows you how you can save time and money by e-filing
Oregon state taxes at a glance:Tax Rate Range: Low - 5.0%; High - 9.0% Income Brackets*: Lowest - $2,650; Highest - $6,550 Number of Brackets: 3 Tax Credit: Single - $159; Married - $318; Dependents - $159 Standard Deduction: Single - $1,800; Married filing Joint - $3,000 Medical/Dental Deduction: Full for individual 59 and older Federal Income Tax Deduction: $5,000 ($2,500 if MFS)
*Note: Income brackets are for single filers. For joint filers, the tax is doubled but for half the income. Filing your Oregon state income tax returnGenerally, the filing status used on your state return is the same as the filing status used on your federal return. There are a few exemptions to this rule. These exemptions either involve being married but living in different states or having a spouse int he military.
Likewise, whether you take the standard deduction or itemize your deduction dictates the method you should use for your Oregon state income tax return.
Oregon offers its residents several tax credits and deductions. For a full list consult the state website. Below is a partial listing of the more common credits and deductions available.
• Child and dependent care credit • Earned income credit • Credit for Home Care of a Person Age 60 or Older • Credit for Income Taxes Paid to Another State • Long-term Care Insurance Premiums Tax Credit • Reforestation Tax Credit • Oregon medical deduction
As a resident of Oregon you are taxed on all income, this includes income from outside the state. This means that taxable retirement income is taxable to Oregon.
Nonresidents of Oregon owe tax on any income earned from a source located within the state.
Sidebar You can work on your Oregon tax return online while filing your federal return (you can work on it for free, and pay nothing until you are ready to file).Note: if you are filing more than one state return, you must file a paper return for each additional state, as TurboTax for The Web only allows one state prep.
Oregon income tax formsThe main Oregon tax forms are:
Form 40 | 2006 Oregon Individual Income Tax Return| Instructions
Form 40S | Short State Income Tax Return
If you need Oregon income tax forms that are not listed here, you can download them from the Oregon tax forms site.
Or, just simply e-file!
Additional OR state taxes helpIf you need help with your federal tax return, start with our basic guide to tax filing.
For additional help with filing OR income tax returns, see the official site of the Oregon Department of Revenue.
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