WebThe kicker activates when Oregon's state revenue exceeds the expected revenue by at least 2%. When this occurs, an amount calculated by OEA is returned to the taxpayers through a … WebJun 4, 2024 · So let me try to summarize the answer here: You have to enter the full amount from the 1099-G under Federal/Income & Wages/Other Common Income/State and Local Tax Refunds *and* you can enter the tax you *would have* paid *without* the kicker under Deductions & Credits/Estimates & Other Taxes Paid/Other Income Tax/Balance due on …
Oregon taxpayers could see nearly $4B ‘kicker’ next year as …
WebFeb 19, 2015 · State Economist Mark McMullen said that if the $349 million figure holds up, taxpayers would get a 5.1 percent reduction in their tax liability, before they subtract any tax credits. Say you owed ... WebLet's say you don't work at all in 2024 (or you are new to OR in 2024), but in 2024 you make $1M. You get the full benefit of the kicker, without having paid in for 2 full years. It doesn't seem the kicker takes into account the 2 year budget period - so you are best off pushing as much income as possible to kicker (every-other) years. incentive payment bonus check job aid
Oregon Megabucks- Prizes and Payouts Chart The Lottery Lab
WebKicker refund. Oregon’s surplus credit (known as the “kicker”) is claimed as a refundable credit on your 2024 tax return. The credit is 17.171 percent of your 2024 tax liability from Form OR-41, line 10. You must file a 2024 return to claim your kicker credit, even if you don’t have an obliga-tion to file. WebOct 13, 2024 · The Oregon Department of Revenue has a calculator on its website that lets people find their kicker amount by plugging in their Social Security number. The state may … WebMay 19, 2024 · On Wednesday, Oregon economists delivered their latest revenue forecast including a prediction for a $1.4 billion kicker tax rebate. This chart shows the estimated amounts taxpayers would receive ... income based clinics