Yes, Oregon taxpayers claim the kicker as a refundable credit on their 2023 tax return filed in 2024. If you completed the Oregon interview in TurboTax and you qualified for the credit, it should be included in your refund. It appears on Line 63 of your 2023 Oregon Form OR-40.
If you didn't print your forms, you can access them after you file following these steps:
- Log into your TurboTax account
- Scroll to the bottom of page, click Add a State( you are not adding a state, this is just to get in the right menu)
- Over to the left, click Tax Tools dropdown
- Click the Print Center
- Click the Print, save or preview this year's return
- Check Federal returns and/or State returns
- Select Include government and TurboTax worksheets (optional)
- Then,click View or print forms
The Oregon surplus credit, known as the “kicker," is a way for state government to return some of your taxes to you when revenues are more than predicted. Every two years, the Oregon Department of Administrative Services (DAS) Office of Economic Analysis (OEA) determines whether there is a surplus and the amount to be returned to taxpayers as a kicker. If there's a surplus, the kicker may be claimed on the return as a refundable tax credit or donated to the State School Fund. 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. Taxpayers who claimed a credit for tax paid to another state would need to subtract the credit amount from their liability before calculating the credit.
See this Oregon webpage for more information.
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