Oregon Statewide Transit Tax

Reference Number: NFC-18-1531419242
Published: July 12, 2018
Effective: Pay Period 14, 2018

Summary

A Statewide transit tax is being implemented for the State of Oregon. The transit tax will include the following:

No action on the part of the employee or the personnel office is necessary.

Tax Formula

State Abbreviation:

OR

State Transit Tax Withholding State Code:

OR

Acceptable Exemption Form:

N/A

Basis for Withholding:

N/A

Acceptable Exemption Data:

N/A

TSP Deferred:

Yes

Special Coding:

None

Additional Information:

N/A

 

Withholding Formula (Effective Pay Period 14, 2018)

  1. Subtract the nontaxable biweekly Thrift Savings Plan (TSP) contributions from the gross biweekly wages.
  2. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.
  3. Add the taxable biweekly fringe benefits (e.g., taxable life insurance) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
  4. Multiply the adjusted gross biweekly wages by 0.10 percent to obtain the biweekly statewide transit tax.

Resources

To view the updated tax formula, go to the HR and Payroll Clients page from the MyNFC drop-down menu on the National Finance Center (NFC) homepage. Select the Publications tab and select U.S. Income Tax Formulas from the Publications menu to launch the tax map. Select the desired State from the map provided for the formula.

Inquiries

For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the customer service portal.