SALEM, Ore. – The details of the kicker rebate have been confirmed.
A more than $1.5 billion tax surplus was confirmed by the Office of Economic Analysis (OEA) earlier this month, triggering a tax surplus credit, or “kicker,” for the 2018 tax year.
According to the Oregon Department of Revenue, instead of kicker checks, the surplus will be returned to taxpayers through a credit on their 2019 state personal income tax returns filed in 2020.
To calculate the amount of your credit, multiply your 2018 tax liability before any credits — line 22 on the 2018 Form OR-40 — by 16%. This percentage is determined and certified by OEA.
Taxpayers who claimed a credit for tax paid to another state will need to subtract the credit amount from their liability before calculating the credit.
You're eligible to claim the kicker if you filed a 2018 tax return and had tax due before credits.
Even if you don't have a filing obligation for 2019, you still must file a 2019 tax return to claim your credit.
The Oregon Department of Revenue says that the state may use all or part of your kicker to pay any state debt you owe. Such as tax due for other years, child support, court fines or school loans.
You can calculate your kicker on the Revenue Department’s website when the filing season opens in January. That’s when a “What’s My Kicker?” calculator will become active.
For more information, to get tax forms or check the status of your refund, click HERE.