We believe everyone should be able to make financial decisions with confidence. We last updated the Individual Income Tax Return Instructions for Full-year Residents in January 2024,so this is the latest version of Form OR-40 Instructions, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form OR-40 Instructions directly from TaxFormFinder.You can print other Oregon tax forms here. While taxes are a part of life, you can play a role in how much comes out of your paycheck.

Subscribe to Kiplinger's Personal Finance

• To download tax forms on this site, you will need to install a free copy of Adobe Acrobat Reader.
• You can deduct only the amount that's equal to the gambling winnings you reported for the current tax year.
• You may be able to get a tax refund if you’ve paid too much tax or you’re receiving a refundable tax credit (such as the Earned Income Credit, Oregon Kids Credit, or kicker).
• This means that neither state nor local authorities collect taxes on the sale of products or services.
• Low- to moderate-income taxpayers can also access preparation services through AARP and CASH Oregon.
• While the state income taxes deal a heavy hit to some earners’ paychecks, Oregon’s tax system isn’t all bad news for your wallet.

You can deduct only the amount that's equal to the gambling winnings you reported for the current tax year. In this case, you can deduct any claim right of income repayments over $3,000. You can deduct the amount of these expenses that exceeds 7.5% of your federal adjusted gross income (AGI). If you’re an Oregon resident and you purchase a new vehicle from a seller outside of the state, you may be exempt from paying the other state’s sales tax. Complete an Oregon Business Registry Resale Certificate​ and give it to the out-of-state seller at the time of purchase. The seller may accept this certificate and exempt the transaction from their state’s sales/use/transaction tax, but they aren’t required to accept it.

Individual Taxes

• ​Yes.If you change your permanent residence to Oregon, your pension income, along with allother income regardless of source, is taxable in Oregon.
• Contributions can be in the form of cash, property or expenses you incur from any volunteer work.
• You can't deduct political contributions, dues paid to fraternal organizations or the value of any services or benefits you received in connection with your contributions.
• For single filers, this is a 1.5% tax on income above $125,000 and 3% on income above $250,000.

Oregon has a progressive income tax that ranks among the highest in the nation. The average effective property tax rate is about average, though, ranking as the 26th-highest rate in the country. All filers can get their tax using the personal income tax calculator instead of using the tax rate charts or tables in the return instructions.

4 – Oregon Itemized Deductions

But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. A refund hold is part of the department's tax fraud prevention efforts and allows for confirmation that the amounts claimed on tax returns matches what employers report on Forms W-2 and 1099. Once your transaction is processed, you’ll receive a confirmation number.

Oregon has a graduated individual income tax, with rates ranging from 4.75 percent to 9.90 percent. There are also jurisdictions that collect local income taxes. Oregon has a 6.60 percent to 7.60 percent corporate income tax rate and levies a gross receipts tax. Oregon does not have a state sales tax and oregon state income tax does not levy local sales taxes. Oregon's tax system ranks 24th overall on our 2023 State Business Tax Climate Index. All Oregon resident taxpayers preparing their own returns in 2023 can file electronically at no cost using one of Oregon's free file options, the Oregon Department of Revenue announced.

• MOSCOW (AP) -- Russia's wealthy elite could face higher income taxes.
• Your filing status on your Oregon state tax return should generally match your status on your federal return.
• Contact us for a Statement of Ownership form to request a new check.
• We do not include the universe of companies or financial offers that may be available to you.
• The state has limited options to allow you to e-file your tax return through its Department of Revenue site -- its State Fillable Forms option is typically only available for full-year residents.
• Oregon doesn’t have a general sales tax or a transaction tax.

Sales taxes

Offers that appear on this site are from third-party advertisers from which Credit Karma typically receives compensation. Except for mortgage loan offers, this compensation is one of several factors that may impact how and where offers appear on Credit Karma (including, for example, the order in which they appear). At the end of 2025, the individual tax provisions in the Tax Cuts https://www.bookstime.com/articles/sole-proprietorship and Jobs Act (TCJA) expire all at once. Without congressional action, most taxpayers will see a notable tax increase relative to current policy in 2026. Property subject to taxation includes all privately owned real property (land, buildings, and fixed machinery and equipment) and personal property used in a business. County assessors administer the assessment of most property.

Historical Past-Year Versions of Oregon Form OR-40 Instructions