What are the penalty and interest charges if I pay my income tax late?
If you file and pay late, penalty is due at the rate of one percent per month to a maximum of 25% of the tax due. Interest is also due at the annual rate of one percent about the current prime rate. The interest rate is adjusted on January 1 and July 1 of each year. If the computer penalty and interest amount is less than $2.00, the minimum late charge is $2.00.

Show All Answers

1. How does Portland spend funds generated through the Income Tax?
2. What is the tax rate for the City of Portland Income Tax?
3. Why do I have to make quarterly estimated income tax payments?
4. How do I file for an extension of time?
5. What are the penalty and interest charges if I pay my income tax late?
6. Can I e-file my Portland income tax return?
7. Who needs to file a City of Portland Individual Income Tax Return (P-1040)
8. I lived in the City of Portland for part of the year. How do I file?
9. I lived in the City of Portland for part of the year, and I worked in the City all of the year. How do I file?
10. What is taxable income?
11. What is nontaxable income?
12. What deductions are allowable when filing the City of Portland Individual Income Tax Return (P-1040)
13. Who must file a City of Portland Corporate Income Tax Return (P-1040)
14. Who must file a City of Portland Partnership Income Tax Return (P-1065)?
15. Can a partnership pay the City Income Tax for the partners?
16. Who must withhold Portland City Income Tax?
17. How do I file and pay my withholding?
18. When are my withholding payments due?
19. I do not have withholding for this quarter. What do I do?
20. Who has to file a City of Portland Fiduciary Income Tax return (P-1041)?
21. Helpful Hints