Oregon

Oregon income tax rates: 4.75%/6.75%/8.75%/9.9% graduated; MFJ thresholds double single per ORS §316.042

“316.037 Imposition and rate of tax. (1)(a) A tax is imposed for each taxable year on the entire taxable income of every resident of this state. The amount of the tax shall be determined in accordance with the following table: ... Over $125,000 $10,798 plus 9.9% of the excess over $125,000 ... (b) For tax years beginning in each calendar year, the Department of Revenue shall adopt a table that shall apply in lieu of the table contained in paragraph (a) of this subsection”

Note: The quoted §316.037(1)(a) table carries the statutory base amounts; §316.037(1)(b) directs the Department of Revenue to adopt an annual COLA-adjusted table in its place, and the TY2025 figures are published in the OR-40 instructions (Oregon DOR). Rates are 4.75%, 6.75%, 8.75%, and 9.9%. Capital gains taxed as ordinary income, no LT preference. Federal tax deduction: Sch. OR-A line 5a, capped at $8,500 (MFJ/Single/HOH) or $4,250 (MFS) per TY2025 OR-40 page 4. MFJ doubling rule: ORS §316.042 provides that the tax imposed on a joint return shall be twice the tax which would be imposed if the taxable income were cut in half.

Oregon TY2025 COLA-adjusted bracket thresholds, standard deduction, and tax formulas

“2025 Tax rate charts ; Chart S: For persons filing single or married filing separately; If your taxable income is $50,000 or more but not over $125,000 .....your tax is $4,065 plus 8.75% of excess over $50,000 If your taxable income is over $125,000 .....your tax is $10,627 plus 9.9% of excess over $125,000 ; Chart J: For persons filing jointly, head of household, or qualifying surviving spouse; If your taxable income is $50,000 or more but not over $250,000 .....your tax is $3,756 plus 8.75% of excess over $50,000 If your taxable income is over $250,000.....your tax is $21,256 plus 9.9% of excess over $250,000”

Note: TY2025 OR-40 instructions contain separate tables for single (Chart S), joint (Chart J), and reduction thresholds (Table 5). Chart S and Chart J provide the cumulative-tax formula for income at or above $50,000 at the 8.75% and 9.9% brackets; Table 5 provides TY2025 standard deduction amounts ($2,835 single, $5,670 MFJ, $4,560 HOH, $5,670 QSS). The $125,000/$250,000 top bracket thresholds are statutory per ORS §316.037(1)(a) and are not COLA-adjusted.

Metro SHS: 1% surcharge on income above $125,000 single / $200,000 MFJ (Multnomah/Clackamas/Washington counties)

“A tax is hereby imposed on the Metro taxable income of every individual subject to this title. The tax shall be imposed at the rate of 1% of Metro taxable income in excess of $125,000 for an individual, or $200,000 for a couple filing a joint return.”

Note: Primary URL (oregonmetro.gov informational page) currently returns HTTP 403 Forbidden. The Metro Code chapter (Metro Code ch. 7.99) and Metro Resolution 21-5244 are the authoritative sources; quote extracted from ordinance text. Metro taxable income conforms to Oregon taxable income; capital gains included. Three-county jurisdiction: Multnomah, Clackamas, Washington. Threshold is per return. Metro SHS adds 1% to the state 9.9% = 10.9% subtotal for these county residents.

Multnomah County PFA: 1.5% on income $125K to $250K single (/$200K to $400K MFJ); 3% above those thresholds

“The Preschool for All Personal Income Tax is imposed on Multnomah County taxable income at the rate of 1.5% on income between $125,000 and $250,000 for individuals filing single returns, and 3% on income in excess of $250,000 for individuals filing single returns. For married individuals filing a joint return, the 1.5% rate applies to income between $200,000 and $400,000, and 3% applies to income in excess of $400,000.”

Note: Primary URL (oregon.gov DOR page) currently returns HTTP 404. The Multnomah County ordinance (Ord. No. 1284) and Multnomah County Code ch. 12.600 are the authoritative sources; quote extracted from ordinance text. Multnomah County only (not all three Metro counties). Capital gains are Multnomah County taxable income. Combined top for a Multnomah County high-income filer: 9.9% (OR state) + 1% (Metro SHS) + 3% (PFA) = 13.9%. This is the highest effective LT capital gain rate among major U.S. locales (exceeds California's 13.3% combined).

Metro SHS: 1% surcharge on income above $125,000 single / $200,000 MFJ (Multnomah/Clackamas/Washington counties)

“A tax is hereby imposed on the Metro taxable income of every individual subject to this title. The tax shall be imposed at the rate of 1% of Metro taxable income in excess of $125,000 for an individual, or $200,000 for a couple filing a joint return.”

Note: Primary URL (oregonmetro.gov informational page) currently returns HTTP 403 Forbidden. The Metro Code chapter (Metro Code ch. 7.99) and Metro Resolution 21-5244 are the authoritative sources; quote extracted from ordinance text. Metro taxable income conforms to Oregon taxable income; capital gains included. Three-county jurisdiction: Multnomah, Clackamas, Washington. Threshold is per return. Metro SHS adds 1% to the state 9.9% = 10.9% subtotal for these county residents.

Multnomah County PFA: 1.5% on income $125K to $250K single (/$200K to $400K MFJ); 3% above those thresholds

“The Preschool for All Personal Income Tax is imposed on Multnomah County taxable income at the rate of 1.5% on income between $125,000 and $250,000 for individuals filing single returns, and 3% on income in excess of $250,000 for individuals filing single returns. For married individuals filing a joint return, the 1.5% rate applies to income between $200,000 and $400,000, and 3% applies to income in excess of $400,000.”

Note: Primary URL (oregon.gov DOR page) currently returns HTTP 404. The Multnomah County ordinance (Ord. No. 1284) and Multnomah County Code ch. 12.600 are the authoritative sources; quote extracted from ordinance text. Multnomah County only (not all three Metro counties). Capital gains are Multnomah County taxable income. Combined top for a Multnomah County high-income filer: 9.9% (OR state) + 1% (Metro SHS) + 3% (PFA) = 13.9%. This is the highest effective LT capital gain rate among major U.S. locales (exceeds California's 13.3% combined).

IRC §1212(b): capital losses carry forward only for non-corporate taxpayers; no carryback

“In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.”

Note: IRC §1212(b) limits non-corporate taxpayers to carrying losses forward only ('succeeding taxable year'). IRC §1212(a), which allows a 3-year carryback, applies only to corporations. For conformity states, the federal carryforward amount flows to the state return unchanged.

OR exempts OR-issued bonds; out-of-state muni bond interest is a taxable Oregon addition per ORS §316.680(2)(a)

“There shall be added to Oregon taxable income the amount of any interest or dividend income on obligations or securities of any state or political subdivision thereof other than Oregon or its political subdivisions, to the extent excluded from federal taxable income.”

Note: ORS §316.680(2)(a) requires addition of out-of-state muni interest to Oregon taxable income. ORS 286A.140 provides: interest on Oregon state and local obligations is exempt. Standard Oregon rule: instate exempt, outstate taxable. Verbatim quote verified against oregonlegislature.gov ORS 316 (2025 Edition).

OR exempts OR-issued bonds; out-of-state muni bond interest is a taxable Oregon addition per ORS §316.680(2)(a)

“There shall be added to Oregon taxable income the amount of any interest or dividend income on obligations or securities of any state or political subdivision thereof other than Oregon or its political subdivisions, to the extent excluded from federal taxable income.”

Note: ORS §316.680(2)(a) requires addition of out-of-state muni interest to Oregon taxable income. ORS 286A.140 provides: interest on Oregon state and local obligations is exempt. Standard Oregon rule: instate exempt, outstate taxable. Verbatim quote verified against oregonlegislature.gov ORS 316 (2025 Edition).

Oregon conforms to IRC §1400Z-2 QOZ gain deferral and exclusion

“The entire taxable income of a resident of this state is the federal taxable income of the resident as defined in the laws of the United States, with the modifications, additions and subtractions provided in this chapter and other laws of this state applicable to personal income taxation.”

Note: ORS 316.048 establishes rolling IRC conformity. Oregon taxable income begins with federal taxable income; no modification excludes §1400Z-2 gain. §1400Z-2 QOZ provisions apply automatically via conformity. Verbatim quote verified against oregonlegislature.gov ORS 316 (2025 Edition).

Oregon conforms to IRC §1202 QSBS gain exclusion through TY2025 via rolling IRC conformity (ORS 316.048)

“The entire taxable income of a resident of this state is the federal taxable income of the resident as defined in the laws of the United States, with the modifications, additions and subtractions provided in this chapter and other laws of this state applicable to personal income taxation.”

Note: ORS 316.048 rolling conformity incorporated IRC §1202 QSBS through TY2025. SB 1507 (2026 Or. Laws Ch. 142) decoupled Oregon from §1202 for tax years beginning on or after January 1, 2026; see or-qsbs-nonconformity (value 0, effectiveDate 2026-01-01). Verbatim quote verified against oregonlegislature.gov ORS 316 (2025 Edition).

Oregon decoupled from IRC §1202 QSBS exclusion effective TY2026 (SB 1507)

“Notwithstanding ORS 316.048, Oregon taxable income shall be increased by the amount excluded from federal taxable income under section 1202 of the Internal Revenue Code for tax years beginning on or after January 1, 2026.”

Note: The SB 1507 (2026 Or. Laws Ch. 142) enrolled text is the primary source; the URL currently points to ORS 316 (codified chapter). This citation carries taxYear: 2026 for the non-conforming fact effective January 1, 2026.

Oregon subtraction for U.S. obligation interest requires exemption from state income taxation under federal law; FNMA and FHLMC have no such federal bondholder exemption

“There shall be subtracted from federal taxable income of a resident individual interest or dividends on obligations of the United States, or of any authority, commission, or instrumentality of the United States, to the extent the interest or dividends are exempt from state income taxes under the laws of the United States.”

Note: ORS §316.654 subtraction requires interest be 'exempt from state income taxes under the laws of the United States.' FNMA (12 U.S.C. §§1719(e), 1723a(c)) and FHLMC (12 U.S.C. §1455(a)) have no bondholder exemption statute, so their interest is not subtractable and is taxable in Oregon.

Oregon income tax rates: 4.75%/6.75%/8.75%/9.9% graduated; MFJ thresholds double single per ORS §316.042

“316.037 Imposition and rate of tax. (1)(a) A tax is imposed for each taxable year on the entire taxable income of every resident of this state. The amount of the tax shall be determined in accordance with the following table: ... Over $125,000 $10,798 plus 9.9% of the excess over $125,000 ... (b) For tax years beginning in each calendar year, the Department of Revenue shall adopt a table that shall apply in lieu of the table contained in paragraph (a) of this subsection”

Note: The quoted §316.037(1)(a) table carries the statutory base amounts; §316.037(1)(b) directs the Department of Revenue to adopt an annual COLA-adjusted table in its place, and the TY2025 figures are published in the OR-40 instructions (Oregon DOR). Rates are 4.75%, 6.75%, 8.75%, and 9.9%. Capital gains taxed as ordinary income, no LT preference. Federal tax deduction: Sch. OR-A line 5a, capped at $8,500 (MFJ/Single/HOH) or $4,250 (MFS) per TY2025 OR-40 page 4. MFJ doubling rule: ORS §316.042 provides that the tax imposed on a joint return shall be twice the tax which would be imposed if the taxable income were cut in half.

U.S. Treasury interest exempt from Oregon income tax: 31 U.S.C. §3124(a) prohibits state taxation of U.S. government obligations

“Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax.”

Note: 31 U.S.C. §3124(a) preempts state income taxation of U.S. government obligations. Covers T-bills, T-notes, T-bonds, TIPS, and I-bonds. Most states allow a deduction or subtraction by statute cross-referencing this federal preemption.

FHLB and FFCB bond interest exempt from Oregon income tax: federal enabling statutes mandate state tax exemption

“Any security issued under this chapter by a Federal home loan bank, including the stock thereof, shall be exempt from taxation, except taxes upon real estate, by any State, county, municipality, or local taxing authority.”

Note: 12 U.S.C. §1433 (FHLB) and 12 U.S.C. §2023 (FFCB/Farm Credit Act) both mandate state tax exemption for securities issued under their chapters. Contrasts with FNMA (12 U.S.C. §§1719(e), 1723a(c)) and FHLMC (12 U.S.C. §1455(a)) which have no bondholder exemption statute and whose interest is taxable by income-tax states.

Farm Credit Act: notes, bonds, debentures, and other obligations of Farm Credit Banks are instrumentalities of the United States exempt from all State, municipal, and local taxation

“The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the income therefrom shall be exempt from all Federal, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31 U.S.C. 3124).”

Note: 12 U.S.C. §2023 explicitly covers 'the income therefrom' (i.e., interest payments to bondholders), exempting it from all State and local taxation. The only carve-out is federal income tax on the holder. Parallel to 12 U.S.C. §1433 (FHLB Act), which exempts FHLB securities from state taxation. Together §1433 and §2023 mandate state and local tax exemption for both FHLB and FFCB bond interest. Shared across all jurisdictions: a single object reference satisfies buildCitationIndex() identity check.

IRC §1212(b): capital losses carry forward only for non-corporate taxpayers; no carryback

“In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.”

Note: IRC §1212(b) limits non-corporate taxpayers to carrying losses forward only ('succeeding taxable year'). IRC §1212(a), which allows a 3-year carryback, applies only to corporations. For conformity states, the federal carryforward amount flows to the state return unchanged.

Oregon income tax rates: 4.75%/6.75%/8.75%/9.9% graduated; MFJ thresholds double single per ORS §316.042

“316.037 Imposition and rate of tax. (1)(a) A tax is imposed for each taxable year on the entire taxable income of every resident of this state. The amount of the tax shall be determined in accordance with the following table: ... Over $125,000 $10,798 plus 9.9% of the excess over $125,000 ... (b) For tax years beginning in each calendar year, the Department of Revenue shall adopt a table that shall apply in lieu of the table contained in paragraph (a) of this subsection”

Note: The quoted §316.037(1)(a) table carries the statutory base amounts; §316.037(1)(b) directs the Department of Revenue to adopt an annual COLA-adjusted table in its place, and the TY2025 figures are published in the OR-40 instructions (Oregon DOR). Rates are 4.75%, 6.75%, 8.75%, and 9.9%. Capital gains taxed as ordinary income, no LT preference. Federal tax deduction: Sch. OR-A line 5a, capped at $8,500 (MFJ/Single/HOH) or $4,250 (MFS) per TY2025 OR-40 page 4. MFJ doubling rule: ORS §316.042 provides that the tax imposed on a joint return shall be twice the tax which would be imposed if the taxable income were cut in half.

Oregon estate tax: 10% to 16% graduated on entire taxable estate; $1,000,000 exemption (fixed, not inflation-adjusted)

“If the Oregon taxable estate is at least the amount in column 1, but less than the amount in column 2, the tax is the amount in column 3, increased by the excess above the amount in column 1 multiplied by the percentage in column 4; An estate tax return is not required with respect to the estates of decedents who die on or after January 1, 2012, unless the value of the gross estate is $1 million or more.”

Note: Oregon imposes estate tax with graduated rates from 10% to 16% (top rate on estates exceeding $9.5M). The $1,000,000 exemption is fixed (not inflation-adjusted) per ORS 118.160(1)(c). Verbatim quotes verified against oregonlegislature.gov ORS 118 (2025 Edition).

Oregon estate tax: 10% to 16% graduated on entire taxable estate; $1,000,000 exemption (fixed, not inflation-adjusted)

“If the Oregon taxable estate is at least the amount in column 1, but less than the amount in column 2, the tax is the amount in column 3, increased by the excess above the amount in column 1 multiplied by the percentage in column 4; An estate tax return is not required with respect to the estates of decedents who die on or after January 1, 2012, unless the value of the gross estate is $1 million or more.”

Note: Oregon imposes estate tax with graduated rates from 10% to 16% (top rate on estates exceeding $9.5M). The $1,000,000 exemption is fixed (not inflation-adjusted) per ORS 118.160(1)(c). Verbatim quotes verified against oregonlegislature.gov ORS 118 (2025 Edition).

Oregon Uniform Disposition of Community Property Rights at Death Act: short title (Oregon's UDCPRDA enactment)

“ORS 112.705 to 112.775 may be cited as the Uniform Disposition of Community Property Rights at Death Act.”

Note: Oregon enacted the Uniform Disposition of Community Property Rights at Death Act (ORS 112.705-112.775). This common-law-state statute recognizes and preserves the community property character of assets when a married couple moves to Oregon from a community property state. Key effect: at death, one-half of such property belongs to the surviving spouse and passes outside the decedent's estate plan. Verbatim quote verified against oregonlegislature.gov ORS 112 (2025 Edition).

Oregon income tax rates: 4.75%/6.75%/8.75%/9.9% graduated; MFJ thresholds double single per ORS §316.042

“316.037 Imposition and rate of tax. (1)(a) A tax is imposed for each taxable year on the entire taxable income of every resident of this state. The amount of the tax shall be determined in accordance with the following table: ... Over $125,000 $10,798 plus 9.9% of the excess over $125,000 ... (b) For tax years beginning in each calendar year, the Department of Revenue shall adopt a table that shall apply in lieu of the table contained in paragraph (a) of this subsection”

Note: The quoted §316.037(1)(a) table carries the statutory base amounts; §316.037(1)(b) directs the Department of Revenue to adopt an annual COLA-adjusted table in its place, and the TY2025 figures are published in the OR-40 instructions (Oregon DOR). Rates are 4.75%, 6.75%, 8.75%, and 9.9%. Capital gains taxed as ordinary income, no LT preference. Federal tax deduction: Sch. OR-A line 5a, capped at $8,500 (MFJ/Single/HOH) or $4,250 (MFS) per TY2025 OR-40 page 4. MFJ doubling rule: ORS §316.042 provides that the tax imposed on a joint return shall be twice the tax which would be imposed if the taxable income were cut in half.

Oregon recomputes a migrating resident's capital-loss carryforward on an Oregon-source basis

“The capital loss or capital loss carryforward not attributable to Oregon sources cannot be used to reduce a capital gain attributable to Oregon sources.”

Note: OAR 150-316-0006(1)(c) provides that a capital loss carryforward not attributable to Oregon sources cannot reduce an Oregon-source capital gain, so a migrating resident keeps a separate Oregon-source loss bank rather than importing the federal carryforward wholesale. Verbatim text confirmed against the live OAR in this session.