© 2022 | Jefferson Public Radio
Southern Oregon University
1250 Siskiyou Blvd.
Ashland, OR 97520
541.552.6301 | 800.782.6191
KSOR Header background image 1
a service of Southern Oregon University
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Oregon Taxpayers May Qualify for "Kicker"

The Oregonian
/

Thanks to a $402 million dollar tax surplus, Oregon taxpayers could receive a credit or "kicker" on their tax returns this year.

taxkicker.jpg
Credit The Oregonian
/

In Oregon’s constitution, there’s provision that says if actual revenue exceeds what is forecasted by 2% or more, then that entire amount gets returned to taxpayers. That’s according to Bob Estabrook, spokesman for the Oregon Department of Revenue.

Estabrook: “Once upon a time, the corporate kicker was also returned to corporate tax filers. A few years ago, that was changed so that that money goes into Education Stability Fund. But, the individual income tax kicker remains as a refund to those individual income taxpayers.”

And those kickers used to arrive in the form of a check, but to avoid the expense of printing paper checks and added security against identity theft, it’ll appear as a credit on your 2015 personal income tax returns.

To calculate your kicker amount, go to the Oregon Department of Revenue’s website and click on the “What’s My Kicker” link.

Copyright 2016 KLCC

Anni Katz
Substitute Weekend Edition Host/Reporter since August 21015.