OR State Tax Refund

[klopow]

Hello! I filed my state tax return in Oregon using TurboTax and I was expecting a refund of $800. Instead, this afternoon I see a pending deposit of $4,000.

Any idea about why this could have happened? The only thing different that I did this year was report the taxes I paid on my home. However, the TurboTax software didn't increase my refund as a result. No idea - I'm thinking about calling the Dept of Revenue to see if they can give me an explanation. Shouldn't they also send me a letter about why it increased so significantly? Thank you for any insight about what might have happened here.

[DawnC · Accepted solution]

Did you forget to claim your Oregon Kicker Credit this year?   That would be my guess....

The kicker credit is available only on the return for an odd-numbered year.   If there's no surplus, or if the tax year is even-numbered, no kicker is available.  

For the 2021-23 biennium, OEA has confirmed a kicker of more than $5.61 billion. Taxpayers will claim the kicker as a refundable credit on their 2023 tax return filed in 2024. To calculate the amount of the credit, taxpayers multiply their 2022 tax liability before any credits – line 22 on the 2022 Form OR-40 – by 44.28 percent.  Check last year's OR-40 line 22, and multiply it by 44.28% - that is probably the amount of the additional refund.  

[klopow]

You're absolutely correct. The 44.20% is precisely the amount i received in addition. I'm new to state taxes (2nd year filing them) and had no idea about a "kicker" credit. I'm glad they gave it to me by default since I don't remember being prompted on TurboTax. Thank you for the help!

[fanfare]

your final state refund amount announced by Turbotax would include that amount ... ...

I guess you forgot to file for it.

did you import a 2022 tax return?

@klopow 

[klopow]

I went back into TurboTax and went through all of the steps. It does actually mention the kicker credit, but I must have ignored it thinking it didn't apply to me. Yes, I did have my 2022 state tax return uploaded since I used TurboTax last year too.

I revised the information in TT, and now the refund shown on the return matches what was sent to me today.