Web1 mrt. 2024 · The kicker is based on our office’s forecasts made a bit more than 2 years in advance. When our office’s forecast is off by more than 2%, all of the revenue above the … Web14 mei 2015 · The money would be distributed as a credit on the state income taxes that you file in 2016, although the kicker will actually be based on the taxes you owed from the 2014 tax year. The current...

Will Oregon have a kicker in 2024? (2024)

WebThe Oregon Department of Administrative Services 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. If there’s no surplus, there’s no kicker. 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 … little big town - mr. sun 2022

Oregon’s latest economic forecast predicts a record $3.4 billion kicker …

WebThe kicker comes after the 2 year budget cycle, when they determine they've collected more than 2% more than they expected. They use to send checks, now they send it as a credit on your tax return. The last one was for year 2024 taxes filed in 2024, so the next one won't be until 2024 taxes filed in 2024. Web1 nov. 2024 · The surplus percentage, determined by the Oregon Office of Economic Analysis (OEA), is 17.341%. So, to calculate how much you’ll receive from the tax … Web12 okt. 2024 · To calculate your kicker, you enter your name, Social Security Number, and filing status for 2024 and 2024. "You're eligible to claim the kicker if you filed a 2024 tax return and had tax due before credits," Revenue said in a statement. little big town mr. sun songs