Oregon Income Tax Rates for 2025

Taxpayers age 62 and older may exclude up to $35,000 of their retirement income, and those age 65 and older can exclude up to $65,000 of retirement income. If you are considering moving to a different state, it’s a good idea to investigate how each state handles taxes on retirement income before you decide. And even if you’re not moving, this list can help give you a picture of your state’s tax landscape for retirees. Find out how 2024 income taxes in retirement stack up in all 50 states plus the District of Columbia. There is no extension to file quarterly withholding returns or annual withholding reconciliation returns.

Kentucky retirement taxes

Oregon is one of the few states that doesn’t charge a sales tax. You could consider it a bit of a tradeoff, though, since Oregon’s income tax rates are among the highest in the country. To e-file your Oregon and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS.

Nevada taxes for retirees

If the federal form was used for Oregon withholding, then each allowance was equal to one personal exemption credit’s worth of tax for the year on your Oregon return. The 2025 state income tax rates and brackets apply to income earned from January 1, 2025, through December 31, 2025. Taxpayers will use these rates when filing their returns in early 2026. It’s important to note that withholding and estimated tax payments throughout 2025 should reflect these rates to avoid underpayment penalties. CAT taxpayers who have an extension to file their federal income tax return from the IRS will automatically be allowed a Suspense Account seven-month extension to file their CAT return.

The One Big Beautiful Bill Cuts Taxes Across the US, New Analysis Finds

You may file either of the taxpayer authorization forms through Revenue Online or submit a paper form. The unitary group must retain the list in their records and provide it to the department upon request. Receipts from transactions between unitary group members are excluded from commercial activity. A subtraction from commercial activity is not allowed for any amount of expenses from transactions among members of a unitary group.

Minnesota taxes for retirees

The county tax collector collects the taxes and distributes the funds to the local districts. Most taxpayers use the standard deduction because it results in a lower taxable income than itemizing deductions. If your deductible expenses don’t exceed these amounts, the standard deduction is a straightforward way to simplify your filing while maximizing your deductions.

• Once you’ve filed your tax return, all you have to do is wait for your refund to arrive.
• The employee or payee must provide a filed federal Form W-4P or Form OR-W-4 for you to determine the withholding amount, even if they choose no withholding.
• Select a heading to view its forms, then use the Search feature to locate a form or publication by its Name, Form Number, Year, or Type.
• ​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.
• Another way you can alter your paycheck is to change your contributions to employer-sponsored retirement or medical expense accounts.
• You can save time and money by electronically filing your Oregon income tax directly with the .
• For additional help on how to file W-2s and 1099s on Revenue Online, see our video tutorial for this process.

​File electronically using Revenue Online​ and read about Petroleum Load Fee filing requirements​​​. ​File electronically using Revenue Online​ and read about Heavy Equipment Rental Tax (HERT) filing requirements​. Read about Oregon’s timber does oregon have state income tax harvest taxes filing requirements to choose a filing option. Read about Oregon’s timber harvest taxes filing requirements to choose a filing option. File electronically, view a list of approved vendors or file electronically using Revenue Online.

I didn’t receive a Form 1099-G and/or Form 1099-INT. What should I do?

In other words, a minority of lawmakers — more easily captured by special interests — can block the will of the majority. Keep in mind that this estimator assumes all income is from wages, assumes the standard deduction, and does not account for tax credits. Read Form OR-W-4 Instructions for more information about Oregon income tax withholding. The form and instructions are available What is bookkeeping in English and Spanish. ​We begin paying interest on your Oregon refund 45 days after the filing due date or 45 days after you file your return (whichever is later). We do not pay interest on reissued checks (including forged checks).