If the employee's annualized gross wages calculated in step 4 are less than $50,000, calculate the annual tax amount on the adjusted taxable wages using one of the tables below.

Single claiming three (3) or more exemptions Single claiming less than three (3) exemptions

Determine the standard deduction allowance by applying the following guideline and subtract this amount from the annualized wages:.

Married (Regardless of the Number of Exemptions) Tax Withholding Table Single (Regardless of the Number of Exemptions) Tax Withholding Table Note: To calculate the annualized Federal withholding tax, multiply the biweekly Federal income tax withholding by the number of pay dates in the tax year and deduct from the result of step 4. The annualized Federal withholding tax to be deducted cannot exceed the maximum amount shown in the following tables based on marital status and the annualized gross pay calculated in step 4:

Subtract the employee's annualized Federal withholding tax from the annualized gross pay to determine annualized taxable wages.

Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the gross annualized wages.

Add the taxable biweekly fringe benefits (e.g., taxable life insurance) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.

Subtract the nontaxable biweekly Federal Employees Health Benefits Plan payment(s) (includes dental and vision insurance program and Flexible Spending Account - health care and dependent care deductions) from the amount computed in step 1.

Subtract the nontaxable biweekly Thrift Savings Plan contributions from the gross biweekly wages.

Withholding Formula (Effective Pay Period 08, 2021) Employees who have not previously submitted an OR W-4 and have not submitted a 2020 or newer Federal Form W-4, will default to the prior to 2020 Federal Form W-4 submission. State or Federal Exemptions (see the Additional Information section)Įmployees who have not previously submitted an OR W-4, and have submitted a 2020 or newer Federal Form W-4 or have not previously submitted a prior to 2020 Federal Form W-4, will default to the flat withholding tax rate of eight percent. OR-W-4 or W-4 (see the Additional Information section) No action on the part of the employee or the personnel office is necessary.

The tax tables have changed for all filers.The annualized deduction for Federal tax withheld has changed from a maximum of $6,950 to $7,050.The annual tax credit amount per exemption has changed from $210 to $213.The standard deduction amount for Married filers has changed from $4,630 to $4,700.The standard deduction amount for Single filers claiming three or more allowances has changed from $4,630 to $4,700.The standard deduction amount for Single filers claiming less than three allowances has changed from $2,315 to $2,350.The income tax withholding formula for the State of Oregon includes the following changes: TAXES 21-21, Oregon State Income Tax Withholding If you are looking for the most up-to-date information, please visit the current Publications pages under the HR Client Services page. The content and references contained within the archives may no longer apply. As a result, hyperlinks may no longer function and may reference other archived material.

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Oregon tax tables 2020