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 Oregon Income Tax Form or 40 N and 2024-2025

Oregon Department of Revenue Tax Compliance Certification 2024-2025 Form

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Instructions and help about Oregon Income Tax Form OR 40 N And

i want to talk to you today about the oregon estate tax oregon taxes people who die who live here in oregon if they have more than a million dollars in assets so you get the first million tax-free beyond that for the first five hundred thousand it's ten percent tax and it goes up gradually from there caps out at sixteen percent tax so for example if a person dies as an oregon resident with one point five million dollars in assets they get a million free they have tax on five hundred thousand ten percent they have a liability of fifty thousand dollars to the state of oregon we can work around that for a married couple because each member of the couple gets to pass their own million dollars free of the organ estate tax if they plan ahead come see us let's get that done

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