the Oregon Department of Revenue
Make your check or money order payable to the Oregon Department of Revenue. Write “Form OR-40-V,” the tax year, and the last four digits of your Social Security number (SSN) or individual taxpayer identification number (ITIN) on your payment.

What is Oregon state income tax rate?

Oregon’s personal income tax is progressive, but mildly so. Marginal tax rates start at 4.75 percent and, as a taxpayer’s income goes up, rates quickly rise to 6.75 percent and 8.75 percent, topping out at 9.9 percent.

Where does the Oregon tax refund go on a federal tax return?

If you include the Oregon refund on line 10, federal Form 1040, you’ll subtract it on the “Oregon income tax refund included in federal income” line of your Oregon Form 40. Form 1099INT: This interest is taxable, both federally and in Oregon. You need to report the income on your returns.

How does the Oregon recovery rebate affect your taxes?

However, the payments may impact the federal tax calculations used on your Oregon income tax return. Read our Economic Impact Payments overview to learn more how your taxes could be affected. For more information about the Economic Impact Payments and the federal Recovery Rebate Credit, visit the IRS website.

Is the federal stimulus payment considered taxable income in Oregon?

Are federal stimulus payments to individual taxpayers considered taxable income? The stimulus, officially called the Economic Impact Payments, are not taxed as income in Oregon. However, the payments may impact the federal tax calculations used on your Oregon income tax return.

Are there any tax deductions for the state of Oregon?

Yes, expenses are tax deductible for the IRS or Oregon. Congress clarified the tax treatment of forgiven PPP loans and the deductions paid by those loans in the December 2020 stimulus act (Sec. 276). Oregon is tied to this treatment.