Construction Contracts Oregon Withholding In Clark
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Use Form OR-W-4 to tell your employer or other payer how much Oregon income tax to withhold from your wages or other periodic income. Instructions for employer or other payer. Enter the business name, federal employer identification number (FEIN), and address in the “Employer use only” section of Form OR-W- 4.
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.
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).
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 $4,300 $249.00 plus 4.75% Over $4,300 but not over $10,750 $453.00 plus 6.75% of excess over $4,300 Over $10,750 $888.00 plus 8.75% of excess over $10,750
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.
For example, if you had a right to a refund of all Oregon tax withheld last year because you had no tax liability, and you expect a refund of all tax withheld this year for the same reason, you may claim that your income is exempt from withholding.
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.
