2015, 2016 Oregon Earned Income Credit EITC

Claiming Oregon Earned Income Tax Credit

Oregon’s EITC was scheduled to sunset in 2013. In his budget, the governor proposed to extend the EITC for another six years and raise it from 6 percent to 8 percent of the federal EITC.  In Oregon, the process for creating or extending credits comes at the end of the legislative session after the rest of the budget is completed.

 

What is the Oregon EITC?

The Earned Income Tax Credit, sometimes called EIC, is a tax credit to help you keep more of what you’ve earned. It is a refundable federal income tax credit for low to moderate income earning individuals and families. When EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

 

Qualify for Oregon Earned Income Credit

If you qualify for the federal Earned Income Tax Credit (EITC), you can also claim the Oregon Earned Income Credit (EIC). Your Oregon EIC is 8 percent of your federal EITC if you’re a full-time resident, and 8 percent of your federal EITC multiplied by your Oregon percentage if you’re a part-year or nonresident.