Pin It
Favorite

Death and Taxes 

I believe that most of us assumed that the stimulus checks we received earlier this year were considered to be "tax free." But I

I believe that most of us assumed that the stimulus checks we received earlier this year were considered to be "tax free." But I was surprised when I read through my new Oregon Tax booklet that we must deduct the stimulus amounts from our federal tax liability before figuring out our Oregon taxes.

This would mean, based on a 9% tax rate, that a family of four would deduct the $1800 they received from their liability that they would either owe, or have their refund reduced by, an additional $162 in taxes this year.

I doubt many of us expected that to happen. It seems the state just couldn't let that federal money slip by without getting their 9% portion of it.

A web site explaining this is here:

http://www.oregon.gov/DOR/PERTAX/faq-fedrebate.shtml

Dan Thompson


Comments (6)

Showing 1-6 of 6

Add a comment

 
Subscribe to this thread:
Showing 1-6 of 6

Add a comment

Latest in The Mailbox

More by Eric Flowers

Readers also liked…

© 2016 LAY IT OUT INC | 704 NW GEORGIA, BEND, OREGON 97703  |   Privacy Policy

Website powered by Foundation