State income tax if moved during 2024
hello. We moved from California to Oregon the end of April 2024. My only income has been SSI and bank interest ( ie. I didn’t work in California). Do I need to file a state income tax return for California AND Oregon, or just Oregon?
Thanks
Best Answer
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That would depend on the amount of interest income you received in 2024. First, you'll want to determine how much of your interest income was attributable to each state. One way to calculate that is by figuring out what percentage of the year was spent in each state and then applying that percentage to your income. For example, if you lived in CA from Jan-April, then that would be 4/12 months or 33%. In that case, 33% of your interest income could be attributable to CA, and the rest could be attributable to OR.
Next, you can go to this CA Franchise Tax Board website and match your filing status, age, and number of dependents with the tax year tables. If your CA income is more than the amount shown in the table, you need to file a CA tax return.
Here is a link to the OR Department of Revenue website where you can review the Part-year Chart to determine if you need to file an OR return.
If you find that you do have a filing requirement for either state, then based on what you have described, you would generally prepare a part-year resident CA return claiming the income received from Jan-April and/or a part-year Oregon return claiming the income from May-Dec.
When preparing a CA return, you can make an adjustment to exclude any of the SS income that was included in your federal adjusted gross income (AGI) since SS benefits are not taxable in CA. Then you can see if you have any tax liability to CA for your remaining income.
Similarly, Oregon doesn't tax your SS benefits. Any SS benefits included in your federal AGI are subtracted on your Oregon return, as well.
Answers
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Hi,
California and Oregon do not tax social security income; therefore, you will not owe either state nor get a refund from either state. Unless your bank interest is extremely high, you don't have to file state returns. If you are inclined to file Oregon (since you live there now), you wouldn't owe any taxes.
Thank you.
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Thank you. Actually our bank interest is high enough that part of our SSI income is taxed. So, given that, would I need to file in both states? Thanks again for your reply.
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Wow! Thanks for that thorough explanation!
