Get OR 150-101-178 2009-2024

The personal and senior exemption amount for single, married/RDP filing separately, and head of household taxpayers will increase from $122 to $124 for the 2020 tax year 2020. For joint or surviving spouse taxpayers, the personal and senior exemption credit will increase from $244 to $248 for the tax year 2020.

For 2022, the maximum credit is $219 for each qualifying personal exemption. You can claim a credit for yourself, your spouse, and your qualifying child or qualifying relative. An additional exemption credit is available if you or your spouse have a severe disability or if you have a child with a qualifying disability.

In contrast to exemptions and deductions, which reduce a filer's taxable income, credits directly reduce a filer's tax liability — that is, the amount of tax a filer owes.

Submit federal Form 8233, Exemption from Withholding on Compensation for Independent Personal Services of a Nonresident Alien Individual, to your employer to exempt all or part of your wages from Oregon withholding. If any portion of your wages are not exempt, submit Form OR-W-4 to your employer.

In 2023, you'll be able to claim a tax credit up to $600 for electrical panel upgrades. This tax credit does not count against the tax credit up to $2,000 for a new energy efficient heat pump or the solar tax credit that covers up to 30% of the cost for rooftop solar and battery storage.