[Revenews] Surplus Refund (Kicker) Percentage Post - Revised

[GILLE Benjamin P-Jr * DOR]

Surplus Refund (Kicker) Percentage

In October, the Oregon Office of Economic Analysis (OEA) certified that the surplus refund (kicker) rate is 16 percent.

OEA recently issued an updated certification and the surplus refund (kicker) rate is now 17.171 percent.

The kicker is a refundable tax credit claimed on the Oregon personal income tax, composite tax, or fiduciary income tax return for 2019. To determine the credit amount, take the 2018 tax liability before credits (as amended or adjusted, if applicable), subtract the credit for taxes paid to another state, and multiply the result by 17.171 percent.

To receive the kicker, taxpayers must file a 2019 return, even if they're not otherwise required to do so.

We will have a "What's my kicker" calculator available online, for personal income tax filers only, before filing season begins. Please encourage taxpayers who don't have access to their 2018 returns to visit our website in January for help calculating their kicker credit.  Fiduciary and composite return filers will need to look at the form instructions for how to calculate the kicker.

For individuals, if their filing status changed between the 2018 and 2019 tax years, here are general instructions to help determine their credit amount:
*         If their filing status changed from single, head of household, qualifying widow(er), or married filing separately in 2018 to married filing jointly in 2019, the surplus credit allowed on the joint return is the combination of each individual's surplus credits as calculated based on their separate 2018 returns.
*         If their filing status changed from married filing jointly in 2018 to single, head of household, or married filing separately in 2019, the surplus credits claimed by each taxpayer on their 2019 separate returns are prorated based on each individual's percentage of the 2018 federal adjusted gross income (AGI).
*         Death of individual or spouse. If an individual died during 2018 or 2019, the taxpayer's representative may file a return on his or her behalf to claim the surplus credit. If one of the two taxpayers on the jointly filed Oregon return dies, the surviving taxpayer may claim the full amount of the surplus credit.

More detailed information on calculating the surplus credit can be found in the forms instructions for 2019 personal, composite, or fiduciary returns, available in January on our website at: www.oregon.gov/dor<http://www.oregon.gov/dor>.

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