How do I get my Oregon kicker refund?

To claim the surplus “Kicker” credit on your 2021 Oregon return, please follow the steps listed below.

  1. Log into the account.
  2. Edit the Oregon return.
  3. Credits.
  4. Refundable Credits.
  5. Surplus Credit (Kicker)
  6. Complete the necessary information from your 2020 return to have the credit applied to your 2021 return.

Is the Oregon kicker a refundable credit?

Instead of kicker checks, the surplus will be returned to taxpayers through a credit on their 2021 state personal income tax returns filed in 2022. To calculate the amount of your credit, multiply your 2020 tax liability before any credits—line 22 on the 2020 Form OR-40—by 17.341 percent.

How much is the Oregon kicker credit?

Initial estimates suggest the median credit will be $420 and the average will be $850. Taxpayers are eligible if they filed a 2020 tax return and had tax due before credits, the state says.

Is there an Oregon kicker for 2018?

For 2019, your kicker is 17.171 percent of your 2018 total Oregon personal income tax liability. Depending on whether or not your filing status or marital status changed from 2018 to 2019, this amount may need to be adjusted further.

Where is my Oregon kicker?

Or, go to oregon.gov/dor/Pages/index.aspx and click on What’s My Kicker. Type in your Social Security number and filing status and it will do the math for you.

How much will my Oregon kicker check be?

To calculate the amount of your credit, you can multiply your 2020 tax liability before any credits, which appears on line 22 of form OR-40, by 17.341%.

Does everyone get Oregon kicker?

Oregon taxpayers will receive ‘kicker’ rebate on 2021 tax returns thanks to $1.9 billion surplus. SALEM, Ore. — Many state taxpayers will receive a surplus tax credit from Oregon’s idiosyncratic “kicker” program, the Oregon Department of Revenue confirmed on Tuesday, thanks to a tax surplus of nearly $1.9 billion.

How does Oregon kicker credit work?

According to OEA, there was a nearly $1.9 billion tax surplus. In Oregon, the kicker goes into effect when the actual state revenue exceeds the forecasted revenue by at least 2%. Then, an amount calculated by OEA is returned to the taxpayers through a credit on their tax returns. The kicker law is unique to Oregon.

Does everyone get an Oregon kicker?

Oregonians get a kicker rebate when the state’s revenue exceeds by 2% or more what state forecasters projected far ahead of time. No other state has a similar law. People who paid 2020 Oregon income taxes can file for and receive the credit in 2022, even if they don’t owe Oregon taxes on their 2021 income.

Who is eligible for Oregon kicker?

To be eligible for the kicker, Oregon taxpayers must have filed a 2020 tax return and had tax due before credits. Taxpayers must file a 2021 tax return to claim the kicker credit. The median kicker size is expected to be around $420, which, if donated to OHS, can provide the lab work for 36 sick shelter animals.

Did Oregon have a kicker in 2019?

Since the kicker is awarded as a percentage of income taxes paid, the top 20% of earners stand to receive far more: between $1,600 and $16,880. The state last hit a record kicker amount in 2019, the last time the refund was triggered, when more than $1.5 billion flowed back to taxpayers.

Will Oregon get a kicker check for 2021?