These 38 States Don’t Tax Your Social Security Benefits

Photo by Jess Kraft from Shutterstock

29. Oregon

Living in Oregon? Lucky you since there’s no local sales or state tax. There’s also no inheritance tax, but the state does impose an estate tax for properties valued at over $1 million. Regarding income tax, the lowerest rate is 5 percent on up to $7,100 of taxable income when it comes to married joint filers and up to $3,550 for those who file as individuals.

The highest rate is 9,9 percent applied to married joint filers who have more than $250,000 of taxable income and to single filers who have more than $125,000. Still, Oregon residents can deduct a small amount of their federal income tax, but the subtraction is really limited.

Americans who own a home in Oregon will face a $1,006 tax per $100,000 of assessed home value.

PREV 1 ... 22 23 24 ... 28NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

related posts
from our network