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Still time to take a 2016 state tax deduction; 2017 deduction amounts announced

Jan 05, 2017

Oregon offers a 2016 state income tax deduction of up to $4,620 for married taxpayers filing jointly and $2,310 for single filers, adjusted annually. Recapture provisions apply. Refer to the Disclosure Booklet and consult your tax advisor.

As an Oregon taxpayer, you are eligible for the 2016 tax deduction as long as the contribution is made prior to filing your 2016 state tax return or April 15, 2017, whichever comes first.

If you have already taken your 2016 tax deduction, the 2017 deduction amounts for your planning purposes are $4,660 for married taxpayers filing jointly and $2,330 for single filers.

For your convenience, below are the Oregon state tax deduction amounts from previous years:

  • 2015: $4,600 for married taxpayers filing jointly and $2,300 for single filers
  • 2014: $4,530 for married taxpayers filing jointly and $2,265 for single filers
  • 2013: $4,455 for married taxpayers filing jointly and $2,225 for single filers

As a reminder, the Oregon College Savings Plan does not report your account contributions to the IRS or Oregon Department of Revenue. Annual state income tax deductions may be claimed on your Oregon State Tax Return. For more information, please contact the Oregon Department of Revenue at Oregon.gov/dor.


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