What Are the Most Important Things to Look for in a CPA?
May 15, 2021When you need an accountant, specifically a CPA, you want to be sure the person is trustworthy, capable, experienced, and highly educated…
Income tax is a tax that is imposed on people and businesses based on the income or profits that they earned. The tax rates are broken down into groups called tax brackets. Income tax brackets are required state taxes in Oregon based on relative income and earnings.
Oregon state income taxes are listed below. In addition, check out your federal tax rate.
Tax Rate | Single | Married |
---|---|---|
4.75% | $0 - $3,650 | $0 - $7,300 |
6.75% | $3,651 - $9,200 | $7,301 - $18,400 |
8.75% | $9,201 - $125,000 | $18,401 - $250,000 |
9.9% | $125,001 - No limit | $250,001 - No limit |
Standard Deduction | Personal Exemption | Dependent Exemption | |
---|---|---|---|
Single | $2,315 | $210 credit | $210 credit |
Married | $4,630 | $420 credit | $210 credit |
Sales tax, or use tax, is any tax that's imposed by the government for the purchase of goods or services in the state of Oregon. Any sales tax that is collected belongs to the state and does not belong to the business that was transacted with.
No sales taxes for purchases are required in Oregon
0%State Taxes | 0%Average local tax | 0%Combined Tax |
Property taxes are collected by local governments in Oregon and are usually based on the value of the property. Money that is collected from these taxes is often put back into local communities to help improve the schools, infrastructure, roads, and other community and public works projects. The property tax rates listed below are the average for properties in Oregon. Actual property taxes may vary depending on local geographic factors that affect the property values.
0.97%Combined Tax |
Ranking Scale
1 = lowest state tax rate
50 = highest tax rate.
When you need an accountant, specifically a CPA, you want to be sure the person is trustworthy, capable, experienced, and highly educated…
Uber and Lyft drivers and other ride hailing apps have drivers signed under them; but the riders are not Uber employees. Rather, they work as independent contractors. The difference lies in a lot of the terms, and one of the most obvious is tax time...
Your taxes might not be due for a few more months, but there are plenty of good reasons why you should file your tax returns early...