Mortgage Interest Deduction in Oregon
State income tax rate
9.9%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Oregon has a top rate of 9.9% and allows itemized deductions. However, the mortgage interest deduction is phased out at higher income levels. Check Oregon's current phase-out thresholds with the Oregon DOR.
Combined Federal + Oregon Savings
If you paid $18,000 in mortgage interest last year and itemize on both returns, your combined tax savings would be approximately:
- Federal (22% bracket): $3,960
- Oregon (9.9% rate): $1,782
- Total estimated savings: $5,742
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.