Oregon Income Tax Calculator (2024)

Estimate your take-home pay and all taxes in Oregon for 2024!
Our Oregon Income Tax Calculator provides a fast, accurate breakdown of your federal, OR state, and FICA taxes, including deductions, dependents, and pay frequency. Instantly see your annual and per-paycheck results, interactive charts, and a transparent calculation process.
This tool gives you clarity on your net pay and tax obligations. Updated for 2024 brackets and rules.

Oregon Income Tax Calculator

Calculating for Tax Year 2024
Disclaimer: This is a basic estimate for Tax Year 2024 for informational purposes ONLY. It uses standard deductions or your itemized estimate and limited filing statuses. It does not account for all credits or complexities and is not tax advice. Visit the official Oregon Department of Revenue.

Understanding Oregon Taxes (2024)

Calculating your Oregon taxes involves understanding the state's progressive tax system, federal obligations, and FICA contributions. This calculator helps you estimate your take-home pay by considering these key components.

Oregon State Income Tax

Oregon has one of the highest state income tax rates in the country, with a progressive tax system consisting of four brackets for 2024.

  • Tax Brackets: Oregon has four tax brackets with rates of 4.75%, 6.75%, 8.75%, and 9.9% (the highest bracket applies to income over $125,000 for single filers or $250,000 for joint filers).
  • Taxable Income: Oregon's starting point is your federal adjusted gross income (AGI) with Oregon-specific adjustments.
  • Standard Deduction: Oregon's standard deduction is relatively low compared to federal amounts—$2,455 for Single and Married Filing Separately, $4,915 for Married Filing Jointly and Head of Household (2024).
  • Personal Exemption Credits: Oregon offers a personal exemption credit of $210 per person (taxpayer, spouse, and dependents), which phases out for higher-income taxpayers.
  • No Sales Tax: Oregon compensates for its higher income tax rates by not having a state sales tax.
  • Tax Credits: Oregon offers various credits including the earned income credit and working family household and dependent care credit, which this calculator does not account for.

Local Taxes

Some Oregon localities impose additional income taxes. Most notably, residents of Portland and the TriMet transit district are subject to additional taxes.

  • Portland: If you live or work in Portland, you may be subject to the Metro Supportive Housing Services Income Tax and/or the Multnomah County Preschool For All Tax.
  • Transit Taxes: The TriMet transit district and Lane Transit District impose small taxes on wages for residents within their service areas.

This calculator does not include local taxes, which can impact your total tax burden.

Federal Income Tax

Federal income tax is based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

FICA Taxes (Social Security & Medicare)

FICA taxes fund Social Security and Medicare. These are typically withheld by employers.

  • Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
  • Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).

Other Oregon Taxes (Not Calculated Here)

While this calculator focuses on income taxes, be aware of other taxes in Oregon:

  • No Sales Tax: Oregon is one of the few states with no state or local sales taxes.
  • Property Tax: Property taxes in Oregon are administered at the local level and are subject to limitations under Measures 5 and 50.
  • Estate Tax: Oregon has its own estate tax that applies to estates valued over $1 million, which is significantly lower than the federal threshold.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.