Due to the state's nearly $1.9 billion tax surplus, Oregonians who filed a 2020 tax return and owed taxes will get a record high tax surplus "kicker."
The high number was driven by a strong 2020tax season and economic growth, despite the coronavirus pandemic.
Here's how to find out how much you'll get, and when to expect it:
How much will I get?
To figure out your amount, multiply your 2020 tax liability before any credits (line 22 on the 2020 Form OR-40) by 17.341%. Taxpayers who claimed a credit for taxes paid to another state need to subtract that credit amount from their liability before calculating.
Or, go tooregon.gov/dor/Pages/index.aspxand click on What's My Kicker. Type in your Social Security number and filing statusand it will do the math for you.
Record payout:Oregonians to see record $1.9B tax kicker next year
What if I don't have to file taxes?
Even if you aren't required to file a 2021 tax return for any other reason, you must file a 2021 return to claim the 2020 credit.
When will I get it?
Instead ofchecks, the state will return the surplus to taxpayers through a credit on their 2021 state personal income tax returns filed in 2022.
For questions or additional information, call503-378-4988 or email questions.dor@oregon.gov.
