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Does Oregon retirees have to pay State taxes if they receive Social Security and retirement?

 
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2 Replies
ToddL
New Member

Does Oregon retirees have to pay State taxes if they receive Social Security and retirement?

Oregon doesn't tax Social Security benefits, but most other retirement income is taxed at your top income tax rate. 

However, you can deduct as much as $6,250 of federal income taxes paid on your Oregon return, and there is a retirement-income credit for seniors with certain income restrictions.

Do I qualify for the Oregon Retirement Income Credit?
You qualify for this credit if all of the following are true:
  • You were age 62 or older on December 31, 2015, and receiving retirement income, and
  • Your household income is less than $22,500 ($45,000 if Married Filing Jointly), and
  • Your Social Security benefits and/or tier 1 Railroad Retirement Board benefits are less than $7,500 ($15,000 if Married Filing Jointly), and
  • Your household income plus your Social Security and/or tier 1 Railroad Retirement Board benefits is less than $22,500 ($45,000 if Married Filing Jointly).

Does Oregon retirees have to pay State taxes if they receive Social Security and retirement?

What percentage of social security income should I set aside for taxes in oregon
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