![]() The state legislature changed the distribution method to a tax credit in 2011. The median credit amount is expected to be $980, which means half could be more and half could be less.īut the “tax credit” part might not sit well with Oregonians who remember when surpluses were issued in the form of a physical check rather than a line on their tax returns.Īs NBC affiliate KGW reported this week, current Oregon law doesn’t allow the kicker to be sent out as a check. Taxpayers who haven’t yet filed a 2022 tax return are advised to file now so they can claim their kicker credit when they file their 2023 tax returns. The credit is based on tax liability for the 2022 tax year. The surplus is the largest in state history and will be returned to taxpayers through a credit on their 2023 state personal income tax returns to be filed in 2024, said in an Oct. Learn: What To Do If You Owe Back Taxes to the IRS Stimulus Update: $5,000 Checks Are Coming to Residents of This State Instead, it’s likely in reference to the state’s tax surplus (called a “kicker”), which hit a new record high of $5.61 billion, according to a report earlier this month from the Oregon Office of Economic Analysis (OEA). If you hear the term “Oregon kicker” this week, chances are it has nothing to do with college football players kicking field goals.
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