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United States Department of Agriculture |
Office of the Chief Financial Officer |
National Finance Center |
P.O. Box 60000 New Orleans Louisiana 70160 |
TAXES 15-23, Oregon State Income Tax Withholding
Publication Category: |
Taxes |
Bulletin: |
TAXES 15-23, Oregon State Income Tax Withholding |
Systems |
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Date: |
April 2, 2015 |
To: |
Subscribers of Taxes |
Beginning with wages paid for Pay Period 06, 2015, the National Finance Center (NFC) will make the following changes to the State of Oregon income tax withholdings:
- The annual Standard Deduction amount for Single filers claiming less than three allowances will increase from $2,115 to $2,145.
- The annual Standard Deduction amount for Single filers claiming three or more allowances will increase from $4,230 to $4,295.
- The annual Standard Deduction amount for Married filers will increase from $4,230 to $4,295.
- The annual tax credit amount, per exemption, will increase from $191 to $194.
- The annualized deduction for Federal tax withheld will increase from a maximum of $6,350 to $6,450.
- The phase-out table for the Federal tax deduction has changed for filers with annual wages of $50,000 or higher.
- The Single and Married withholding tables will change.
No action on the part of the employee or the personnel office is necessary.
Attached is the Oregon State Income Tax Withholding Information.
To view the updated tax formula go to the NFC Home Page. Under Popular Topics, click Tax Formulas and select the appropriate State from the map provided.
For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the Internet using the Requester Console.
/s/
ANITA H. FINCHER, Director
Government Employees Services Division