2021 Form OR-TM Instructions, Tri-County Metropolitan Transportation District TriMet Self-Employment Tax, 150-555-001-1-2025

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The document provides instructions for filing the TriMet Self-Employment Tax in Oregon, detailing who must file, payment procedures, exemptions, and important deadlines. It outlines the tax rate, necessary forms (including Form OR-TM and Form OR-TM-V), and guidelines for individuals and partnerships engaged in self-employment within the TriMet District. The document emphasizes the importance of accurate reporting, potential penalties for late filing or payment, and resources for taxpayer assistance.

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How to use or fill out 2021 Form OR-TM Instructions, Tri-County Metropolitan Transportation District TriMet Self-Employment Tax, 150-555-001-1

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Click ‘Get Form’ to open it in the editor.
Begin by filling in your name, SSN, and business address in the Name and Address section. Ensure that you do not include a FEIN if filing as an individual.
For Line 1, enter your self-employment earnings from your federal Schedule SE. If you have multiple businesses, only include earnings from those within the TriMet District.
On Line 4, enter the exclusion amount which is the lesser of your self-employment earnings or $400. If this exclusion was partially used on another return, only enter the unused amount.
Complete any necessary schedules such as Schedule OR-TSE-AP if your business activities are conducted both inside and outside the district.
Review all entries for accuracy before signing and dating your return. Ensure to follow payment instructions based on whether you are paying online or via mail.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the metro business income tax in Oregon?

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).

What is the self-employment tax in Oregon Tri County Metro?

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.

How do I file my Oregon TriMet tax?

You can file you TriMet tax return using Revenue Online at Oregon.gov or you can mail in your OR-TM form to the Oregon Department of Revenue. If you pay someone to file your federal and state taxes, they can also file your TriMet tax return electronically.

What is the self-employment tax deduction in Oregon?

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.

Who pays Oregon TriMet transit tax?

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.

tri county metropolitan transportation district self employment tax

form or-tm instructions 2024 2024 form or-tm or-tm instructions 2023 or-tm form form or-tm-v TriMet self-employment tax Form Oregon Department of Revenue Oregon transit tax

Who has to pay Oregon TriMet tax?

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.

How much tax do I have to pay if self-employed?

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