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Oregon 2020 tax tables10/7/2023 The personal income tax rate is 1.5% on Multnomah County taxable income over $125,000 for individuals or $200,000 for joint filers, and an additional 1.5% on Multnomah County taxable income over $250,000 for individuals or $400,000 for joint filers. The Preschool for All program is funded by a personal income tax, which went into effect January 1, 2021. In 2020, Multnomah County voters approved a measure to establish a tuition-free preschool program. Multnomah County Preschool for All (PFA) Personal Income Tax Individuals who are liable for the tax must file a separate Metro SHS personal tax return and pay the tax to the City of Portland Revenue Division to be in compliance with the tax law. The City of Portland Revenue Division administers the tax on behalf of Metro. To determine if your address is located in the Metro tax jurisdiction, check your address in the Metro Boundary Address Lookup tool. Revenue is distributed within the portions of Clackamas, Multnomah and Washington counties that are inside Metro’s district. The SHS program is partially funded by a 1% personal income tax. The SHS personal tax is owed by individuals with Metro taxable income above $125,000 if filing single or $200,000 if filing joint who live in Metro (including for only a portion of the year), work in Metro, or have income from Metro sources even if not a resident of Metro. In 2020, voters in greater Portland approved a measure to raise money for supportive housing services for people experiencing homelessness or at risk of experiencing homelessness. This tax went into effect January 1, 2021. Divide the annual Oregon tax withholding by 26 to obtain the biweekly Oregon tax withholding.Overview: SHS and PFA Personal Income Tax Metro Supportive Housing Services (SHS) Personal Income Tax.Multiply the number of exemptions by $213 and subtract from the annual tax calculatedĪbove to obtain the annual Oregon tax withholding.The Amount of Oregon Tax Withholding Should Be: The annualized Federal withholding tax to be deducted cannotĮxceed the maximum amount shown in the following table based on marital status and theĪnnualized gross pay calculated in Step 4. Subtract the employee’s annualized Federal withholding tax from annualized gross pay toĭetermine annualized taxable wages. Multiply the adjusted gross biweekly wages times 26 to obtain the gross annual wages. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.Īdd the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages. Withholding Formula > (Oregon Effective 2021) < If a state income tax certificate has not been processed or if a valid state exemption code is not present, the Federal exemption code will be used in the computation of state tax or if an invalid marital status (other than S, M, or H) is present with the number of state exemptions, the highest Oregon withholding rate (Single) with the number of exemptions will be used in the computation of state tax.
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