OREGON INCOME TAX BRACKETS 2021 PROFESSIONAL

The deadline to file your return is typically April 15th, but it may be extended if that day falls on a weekend or holiday.

OREGON INCOME TAX BRACKETS 2021 PROFESSIONAL

To file your Oregon state income tax return, you can use the Oregon Department of Revenue’s online filing system, paper forms, or hire a tax professional to assist you. It’s important to note that even if you do not meet the filing requirements, it may still be beneficial to file a return to claim any credits or refunds you may be eligible for. – Your federal filing status is married filing separately, and your federal gross income exceeds $5,000. – Your federal filing status is single, married filing jointly, qualifying widow(er), or head of household, and your federal gross income exceeds $15,000. In general, if you are an Oregon resident, you are required to file an Oregon tax return if: Now that you have a better understanding of Oregon’s tax rates, deductions, and credits, let’s talk about the filing requirements for state income tax. This credit is available to individuals or couples who have earned income and incur qualified child or dependent care expenses.įiling requirements for state Oregon state income tax The EITC is based on your federal EITC and can be a significant benefit, especially for those with lower incomes.Īnother credit to consider is the Working Family Child and Dependent Care Credit, which helps offset the cost of child and dependent care expenses.

One example is the Oregon Earned Income Tax Credit (EITC), which is a refundable credit for low-income individuals and families. When it comes to tax credits, Oregon offers a range of options to help lower your tax liability. It’s important to review the Oregon Department of Revenue’s website or consult with a tax professional to ensure you’re taking advantage of all available deductions. You may also be eligible for other deductions, such as the Federal Income Tax Deduction, Student Loan Interest Deduction, and Medical and Dental Expenses Deduction. – Married Filing Jointly or Qualifying Widow(er): $5,210 – Single or Married Filing Separately: $2,605 One of the most popular deductions is the Oregon Standard Deduction, which allows you to deduct a certain amount from your taxable income based on your filing status.įor the tax year 2021, the Oregon Standard Deduction amounts are as follows: In addition to the tax brackets, Oregon offers various deductions and credits that can help reduce your overall tax liability. State income tax in Oregon: deductions and credits

Oregon income tax brackets 2021