Oregon Standard Deduction 2024 Income Limit

Oregon Standard Deduction 2024 Income Limit. Oregon’s federal tax subtraction • taxpayers allowed a limited subtraction for their current year’s federal income tax liability after credits • for some taxpayers, changes in federal. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.

The standard deduction used in the withholding formulas increased to $2,745, up from $2,605, for single employees claiming less than three allowances. If you have a dependent who is younger than 3 at the end of.