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Oregon Kicker Formula:
The Oregon Kicker Credit is a unique tax refund mechanism that returns surplus state revenue to taxpayers when actual revenues exceed projected revenues by more than 2%. For 2023, the kicker percentage is 44.28% of your 2022 tax liability.
The calculator uses the simple formula:
Where:
Explanation: The kicker credit is calculated as a percentage of your previous year's tax liability before any credits were applied.
Details: Understanding your potential kicker credit helps with financial planning. The credit is applied to your current year's tax return or refunded if you have no tax liability.
Tips: Enter your 2022 Oregon tax liability (before credits) in USD and the current kicker percentage (44.28% for 2023). All values must be valid (liability > 0, percentage ≥ 0).
Q1: Where do I find my 2022 tax liability?
A: Your 2022 Oregon tax liability before credits is on line 22 of your 2022 Form OR-40.
Q2: How will I receive my kicker credit?
A: The credit will be applied to your 2023 tax return. If it exceeds your 2023 liability, you'll receive a refund.
Q3: Is the kicker credit taxable?
A: No, the Oregon kicker credit is not considered taxable income for federal or state purposes.
Q4: What if I didn't file an Oregon return in 2022?
A: You won't be eligible for the kicker credit unless you were claimed as a dependent in 2022.
Q5: How often does the kicker happen?
A: The kicker is triggered when actual revenues exceed projected revenues by more than 2%, which happens irregularly depending on economic conditions.