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Is there an Oregon State tax deduction on contributions each year?

April 26, 2017contributions Oregon State tax deduction year

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Is there an Oregon State tax deduction on contributions each year?

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Yes. The allowable state tax deduction is $4,000 annually for joint filers. It is $2,000 for single and all other filers. However, as cited in ORS 316.699(3)(a) & (b), these amounts are adjusted annually according to the U.S. City Average Consumer Price Index.