The Oregon ‘kicker’ places money back into taxpayer pockets when the state collects more than a certain amount of revenue. Eligible Oregonians can look forward to receiving their share of cash soon (if they haven't already). That’s because a $5.61 billion revenue surplus for the 2021-2023 biennium was confirmed by the Oregon Office of Economic Analysis (OEA).
Lawmakers are calling the surplus the “largest in state history,” and Oregonians can expect to receive a record-high kicker amount. Eligible residents can claim the kicker as a refundable tax credit when they file their 2023 state tax returns, and the Oregon tax deadline is quickly approaching.
The possibility of receiving an Oregon kicker rebate only comes once every two years. Since no credit is offered when there isn’t a surplus in state revenue, there are no guarantees for claiming a credit in 2026.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
So, you won’t want to miss out this year if you qualify. Here’s what you need to know about claiming the kicker in 2024 and how much you can expect.
Who qualifies for the Oregon 'kicker'?
The 2023 Oregon 'kicker' credit (claimed in 2024) is based on the 2022 tax year. And while there are very few requirements for claiming the 2023 kicker credit, taxpayers should review the criteria and ensure they’ve met all requirements.
- You must have filed a 2022 Oregon state tax return.
- You must file a 2023 Oregon state tax return, even if you are not required to.
- There must have been tax due on your 2022 state return before any tax credits were applied.
So, what does this mean? Some Oregon residents might not qualify for the 2023 kicker. For example, if you received only non-taxable income in 2022, you won’t be able to claim the Oregon kicker credit this year. Also, you may qualify for the kicker credit even if you weren't an Oregon resident last year.
How much is the Oregon kicker for 2023?
The kicker rebate for every Oregon taxpayer is 44.28% of 2022 state taxes owed before credits were applied. This means not every Oregonian will receive the same amount. Those with a higher state tax liability (typically higher earners) will receive a larger credit than those with little tax liability (typically lower earners). As stated above, taxpayers with no 2022 state tax liability before credits cannot claim the credit.
So, how much will you get? You can calculate your kicker credit by multiplying line 22 of your 2022 Form OR-40 by 44.28%. For example, if line 22 on your 2022 Oregon return is $5,000, your kicker credit will be $2,214. But if the amount on your line 22 is $60, your credit will be less than $30.
Alternatively, you can use Oregon’s What’s My Kicker? calculator. To use the calculator, you need the following information:
- Your full name
- Your Social Security number
- Your filing status for tax years 2022 and 2023
How to get your Oregon kicker
As stated, eligible taxpayers can claim their Oregon kicker as a refundable tax credit when filing their 2023 Oregon state tax return. If you haven't filed your 2022 Oregon tax return, you need to do so before you can receive your credit for the 2023 tax year. If you file your 2023 Oregon before your 2022 return, the Oregon Department of Revenue will adjust your refund or tax bill amount once your 2022 return is processed.
Oregon tax refund
In some instances, the kicker amount taxpayers receive may be less than what they’ve calculated. This is because Oregon can use part or all of the kicker amount to pay certain state debts. Here are some of the debts that can cause a tax refund offset.
- Child support
- State tax debt
- Some types of student loans
- Court fines
It’s important to note that the entire 2023 Oregon state tax refund amount is subject to offset for the above debts, not just the kicker amount.
However, state tax refund amounts will be higher this year for some Oregonians, which can be especially helpful if you are facing a tax offset. There is a new Oregon child tax credit for the 2023 tax year. The fully refundable credit is known as the Oregon Kids Credit and is worth up to $1,000. There are strict income limits for claiming the credit, so not all families will qualify.
Related Content
-
Interest Rate Cuts and Inflation: What's Really Going On?For more than two years, we've heard a steady drumbeat of news highlighting inflation and its impact on interest rates. The correlation seems clear, but the issue is actually more complex.
-
How to Make a Charitable Plan That Won't Break Your BankGiving back is great … if you have a plan that's as sustainable and smart as it is generous. Here are five tips for giving wisely.
-
Colorado’s New Property Tax Reform Could Save You HundredsProperty Tax The Centennial State just signed a new property tax bill into law. Here’s what you need to know.
-
Five New Tax Credits in Harris Economic Plan: What to KnowElection 2024 Democratic nominee, Vice President Kamala Harris has proposed several tax breaks. Here's what you need to know.
-
New York Sending School Tax Relief (STAR) ChecksTax Relief Are you receiving a NY STAR credit or exemption for your property taxes?
-
How the Election Could Impact the EV Tax CreditTax Credits It’s no secret electric vehicles have become a bit of a political issue. But what does that mean for your EV tax break?
-
How Trump and Harris Might Handle Expiring TCJA Tax CutsElection 2024 Many key provisions of the TCJA will expire soon. Here’s why it matters during the 2024 election cycle.
-
How Much Is the Child Tax Credit for 2024?Tax Credits The refundable amount of this tax break is slightly higher for the 2025 tax filing season. Here’s what you need to know.
-
New York Residents to Receive Child Tax Credit Checks in MailTax Credits The Empire State is sending millions of dollars — find out why and if it applies to your family.
-
$145 Million in ‘Senior Freeze’ Property Tax Checks MailedProperty Tax What you need to know about New Jersey's property tax relief program for older adults.
