Get the up-to-date Get Form OR-TM-V, TriMet Self-Employment Tax Payment 2024 now

Get Form
Get Form OR-TM-V, TriMet Self-Employment Tax Payment Preview on Page 1

Here's how it works

01. Edit your form online
01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to change Get Form OR-TM-V, TriMet Self-Employment Tax Payment online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

With DocHub, making adjustments to your documentation takes only some simple clicks. Follow these fast steps to change the PDF Get Form OR-TM-V, TriMet Self-Employment Tax Payment online free of charge:

  1. Register and log in to your account. Sign in to the editor using your credentials or click on Create free account to examine the tool’s capabilities.
  2. Add the Get Form OR-TM-V, TriMet Self-Employment Tax Payment for redacting. Click on the New Document option above, then drag and drop the document to the upload area, import it from the cloud, or using a link.
  3. Adjust your document. Make any adjustments required: add text and photos to your Get Form OR-TM-V, TriMet Self-Employment Tax Payment, highlight details that matter, erase sections of content and replace them with new ones, and add symbols, checkmarks, and areas for filling out.
  4. Complete redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is very intuitive and efficient. Give it a try now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
More In Forms and Instructions Use Schedule SE (Form 1040) to figure the tax due on net earnings from self-employment.
Your transit tax is reported quarterly using Form OQ. Make your payment using the payment coupon, Form OR-OTC-V, or through the electronic fund transfer (EFT). For EFT informa- tion, go to .oregon.gov/dor/programs/businesses or call 503-945-8100 option 4 then option 1.
The Statewide Transit Tax is calculated based on the employees wages as defined in ORS 316.162. Employees who arent subject to regular income tax withholding due to high exemptions, wages below the threshold for income tax withholding, or other factors are subject to Statewide Transit Tax withholding.
Your tax amount will include your self employment tax of 15.3% - 12.4% Social Security and 2.9% Medicare. You can also apply deductions to your rate that makes it lower. For instance, you may be able to get it down to 14% if you qualify for enough deductions.
The self-employment tax rate a combination of Social Security and Medicare taxes is 15.3% for 2023 and 2024. Youll use Schedule C to calculate net earnings and Schedule SE to calculate how much tax you owe. You can deduct 50% of your self-employment tax on your income taxes.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

The TriMet district serves portions of the counties of Multnomah, Washington, and Clackamas; it extends from Troutdale to Forest Grove east to west, and from Sauvie Island to Oregon City and Estacada north to south.
Taxes that provide operating revenue for TriMet are administered and collected by the Oregon Department of Revenue. Effective January 1, 2023, the tax rate increased to 0.8037% of the wages paid by an employer and the net earnings from self-employment for services performed within the TriMet District boundary.
Your transit tax is reported quarterly using the Oregon Quarterly Tax Report (Form OQ). Make your payment using the payment coupon, Form OR-OTC-V, or through the departments electronic fund transfer (EFT). For EFT information, call 503-945-8100 option four then option one.

Related links