1. What is the Oregon Kicker Credit?

The Oregon Kicker Credit is a unique tax rebate that occurs when state revenue exceeds projections by at least 2%. For 2023, the kicker amount is 44.28% of your 2022 state tax liability.

2. How the Calculation Works

The calculation is simple:

Example: If your 2022 Oregon tax liability was $1,000, your 2023 kicker credit would be $442.80.

3. Eligibility Requirements

Details: To qualify, you must have filed an Oregon tax return for 2022 and had a tax liability. The credit is automatically calculated by the Oregon Department of Revenue.

4. How to Claim Your Credit

Process: The credit will appear on your 2023 Oregon tax return. Most taxpayers will receive it as a refundable credit when they file their 2023 taxes.

5. Frequently Asked Questions (FAQ)

Q1: When will I receive my kicker credit?
A: The credit will be applied when you file your 2023 Oregon tax return in 2024.

Q2: Is the kicker credit taxable?
A: No, the Oregon kicker credit is not considered taxable income for federal or state purposes.

Q3: What if I didn't owe taxes in 2022?
A: If you had no tax liability in 2022, you won't receive a kicker credit for 2023.

Q4: Can the kicker credit be garnished?
A: Yes, like other tax refunds, the kicker credit may be subject to garnishment for certain debts.

Q5: Where can I find my 2022 tax liability?
A: Your 2022 tax liability is on line 22 of your 2022 Oregon Form 40.