A withholding allowance represents a portion of your income that isn't taxed. The more allowances you claim, the less tax will be withheld. For Oregon, one allowance is equal to one personal exemption credit's worth of tax for the year.
Single (With Less Than Three Exemptions) Tax Withholding Table If the Amount of Taxable Income Is:The Amount of Tax Withholding Should Be: Over $0 but not over $10,750 $0.00 Over $10,750 but not over $125,000 $639.00 plus 8.75% of excess over $10,750 Over $125,000 $10,636.00 plus 9.90% of excess over $125,000
A withholding allowance represents a portion of your income that isn't taxed. The more allowances you claim, the less tax will be withheld. For Oregon, one allowance is equal to one personal exemption credit's worth of tax for the year.
If your employees have questions refer them to our website at .oregon/dor or they may call us at 503-378-4988 for assistance. HB 2119 (2019) requires employers to withhold income tax at a rate of eight (8) percent of employee wages if the employee hasn't provided a withholding statement or exception certificate.
By law, as an employer you must withhold a portion of your employees' wages based on their allowances and send the funds to the Department of Revenue (DOR).
How to fill out the Oregon Quarterly Tax Report Form OQ Instructions? Review your business information and identification numbers. Count the total number of covered workers during the relevant period. Enter subject wages ing to the specific boxes provided. Complete tax rate calculations based on applicable rates.
Overview of Oregon Taxes Gross Paycheck$3,146 Federal Income 11.19% $352 State Income 4.48% $141 Local Income 3.06% $96 FICA and State Insurance Taxes 7.65% $24123 more rows
You can also fax it to (503) 947-1483 or submit it online via the Oregon Department of Revenue's portal. Ensure all forms are submitted by the due date to avoid penalties. Important filing dates for the Oregon Quarterly Tax Report in 2024 include January 31, April 30, July 31, and October 31.
How to fill out the Oregon Withholding Statement Exemption Certificate? Read the instructions carefully before starting. Fill in your personal information at the top of the form. Use the worksheets provided to determine your allowances. Submit the form to your employer or payer. Keep a copy for your records.