Increases the Oregon standard deduction allowed for personal income taxpayers. Applies to tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.
Increases standard deduction from $1,640 to $4,840 for singles, from $3,280 to $9,680 for married, and from $2,640 to $7,790 for head of household.
Two other bill to match federal tax cuts for working Oregonians include:
● HB 3914 – No Tax on Tips
● HB 2234 – No Tax on Overtime
A statewide poll shows 79% of Oregonians favor cutting taxes to make Oregon more affordable and 70% favor eliminating state income taxes on tips and overtime pay. The same poll showed that Oregonians see the cost of living as the top issue they face with 56% of Oregonians saying that taxes are too high.
EMAIL COMMITTEE AND ASK FOR HEARING
Rep.NancyNathanson@OregonLegislature.gov
Rep.EWernerReschke@OregonLegislature.gov
Rep.JulesWalters@OregonLegislature.gov
Rep.ZachHudson@OregonLegislature.gov
Rep.BobbyLevy@OregonLegislature.gov
Rep.PamMarsh@OregonLegislature.gov
Rep.GregSmith@OregonLegislature.gov