Yes. Most retirement income is subject to Oregon tax when received by an Oregon resident. This is true even if you were a non-resident when you earned the income. However, you may subtract some or all of your federal pension income from Oregon income, and there is a retirement-income credit up to $6,250 for seniors with certain income restrictions. The state does not tax Social Security or Railroad Retirement benefits. Depending on your age and income, you may be entitled to a retirement income credit on your Oregon return. If you receive a U.S. government pension, you may be entitled to subtract part or all of that pension on your Oregon Individual income tax return.
Yes. Most retirement income is subject to Oregon tax when received by an Oregon resident. This is true even if you were a non-resident when you earned the income. However, you may subtract some or all of your federal pension income from Oregon income, and there is a retirement-income credit up to $6,250 for seniors with certain income restrictions. The state does not tax Social Security or Railroad Retirement benefits. Depending on your age and income, you may be entitled to a retirement income credit on your Oregon return. If you receive a U.S. government pension, you may be entitled to subtract part or all of that pension on your Oregon Individual income tax return.