Does Oregon have a gift tax?

No, Oregon does not have a state-level gift tax. However, gifts that are subject to federal gift tax may also have an impact on an individual's Oregon state income tax liability.

Under federal law, individuals can make gifts up to a certain amount without incurring a gift tax. This is known as the annual exclusion, which is $17,000 per recipient in 2023. For example, if an individual gives $17,000 to their child in 2023, that gift would not be subject to federal gift tax.

As tax laws can be complex and subject to change, it's always a good idea to consult with a qualified tax professional or estate planning attorney to understand the tax implications of gifts and other transfers of property.