2022 Form OR-TM, Tri-County Metropolitan Transportation District Self-Employment Tax, 150-555-001-2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your fiscal year dates in the designated fields (MM/DD/YYYY) for both the beginning and ending of your fiscal year.
  3. Indicate if this is an amended return, name change, address change, or if an extension has been filed by checking the appropriate boxes.
  4. Fill in your personal information including first name, last name, Social Security number (SSN), and business address. Ensure all entries are in UPPERCASE letters.
  5. Report your self-employment earnings from federal Schedule SE or Partnership Form 1065 on line 1. Follow this by calculating your apportionment percentage from Schedule OR-TSE-AP for line 2.
  6. Calculate net self-employment earnings by multiplying line 1 by line 2 and enter the result on line 3. Deduct any exclusions on line 4 and compute net earnings subject to tax on line 5.
  7. Determine your net tax by multiplying the amount on line 5 by the tax rate of 0.007937 and enter it on line 6. If applicable, report any prepayments on line 7.
  8. Finally, calculate total amounts due or refunds as indicated in lines 8 through 11 before signing and dating the form at the bottom.

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Self-employment income tax rates Trading profitsTax rateTax band 0 to 12,570 0% Personal Allowance 12,571-50,270 20% Basic rate 50,271-125,140 40% Higher rate
The transit tax is imposed directly on the employer. The tax is figured only on the amount of gross payroll for services performed within the TriMet Transit District. This includes traveling sales representatives and employees working from home.
Taxes that provide operating revenue for TriMet are administered and collected by the Oregon Department of Revenue. Effective January 1, 2025, the tax rate increased to 0.8237% of the wages paid by an employer and the net earnings from self-employment for services performed within the TriMet District boundary.
The self-employment tax rate is 15.3%, which includes 12.4% for Social Security and 2.9% for Medicare. You can use IRS Schedule SE to help with this calculation. Remember, you can deduct half of your self-employment tax when calculating your adjusted gross income.
The 2022 Form OR-TM is essential for reporting self-employment taxes in Oregon. This form helps taxpayers determine their self-employment earnings and transit district tax obligations. Ensure accurate completion to avoid penalties.

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People also ask

The Oregon Department of Revenue administers tax programs for the Tri-County Metropolitan Transportation District (TriMet). Nearly every employer who pays wages for services performed in this district must pay transit payroll tax. The transit tax is imposed directly on the employer.
Picking up copies at an IRS Taxpayer Assistance Center. Going to the IRS Small Business and Self-Employed Tax Center page. Requesting copies by phone 800-TAX-FORM (800-829-3676). Hours of operation are 7 a.m. to 10 p.m., Monday-Friday, your local time except Alaska and Hawaii which are Pacific time.
A tax of one percent is imposed on the net income of each person doing business within the District. (a) The Metro Business Income Tax takes effect in Tax Year 2021 (Tax Year beginning on or after January 1, 2021).

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