Oregon DOR Publishes Income Tax Withholding Tables Effective Jan. 1, 2023

The Oregon Department of Revenue Dec. 22 published withholding tax tables for different payroll periods, for corporate income and individual income tax purposes. The tables are effective Jan. 1, 2023, and can be used if employees claim the same number of allowances for federal and state purposes. The tables reflect the increased federal tax subtraction to $7,050 and changes to other indexed items. Corporation officers, members, or employees can be held personally responsible for unpaid withholding taxes owed by their corporations. The publication includes information on: 1) the creation of Form OR-W-4, Oregon Employees Withholding Statement and Exemption Certificate, for ...