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Stimulus bill will send billions to Oregon families, but they may owe millions in additional state taxes
Updated Mar 11, 2021;
Posted Mar 11, 2021
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Oregon families stand to receive several billion dollars under the coronavirus relief bill President Joe Biden signed Thursday, money aimed at helping households recover from one of the deepest economic downturns in American history.
But in Oregon, unlike most other states, the relief programs will also generate higher state tax bills unless the Legislature acts to exempt them. Lawmakers are working on a plan that would offset the higher taxes with direct payments to low-income Oregonians.
Here’s the issue: Oregon is one of six states that allow residents to deduct part of their federal taxes from their state income taxes. That usually means a lower Oregon tax bill for most people. ....

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