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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Surplus Refund (Kicker) Percentage</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">In October, the Oregon Office of Economic Analysis (OEA) certified that the surplus refund (kicker) rate is 16 percent. </span><o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">OEA recently issued an updated certification and the surplus refund (kicker) rate is now 17.171 percent.
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">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.
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#0070C0"> </span><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-family:"Arial",sans-serif">To receive the kicker, taxpayers must file a 2019 return, even if they're not otherwise required to do so.</span></b><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">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.
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">For individuals, if their filing status changed between the 2018 and 2019 tax years, here are general instructions to help determine their credit amount:</span><o:p></o:p></p>
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<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-family:"Arial",sans-serif">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,
</span></b><span style="font-family:"Arial",sans-serif">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.</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:5.0pt;margin-right:0in;margin-bottom:5.0pt;margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-family:"Arial",sans-serif">If their filing status changed from married filing jointly in 2018 to single, head of household, or married filing separately in 2019,
</span></b><span style="font-family:"Arial",sans-serif">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).</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:5.0pt;margin-right:0in;margin-bottom:5.0pt;margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-family:"Arial",sans-serif">Death of individual or spouse.
</span></b><span style="font-family:"Arial",sans-serif">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.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#0070C0"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#211D1E">More detailed information on calculating the surplus credit can be found in the forms
</span><span style="font-family:"Arial",sans-serif;color:black">instructions for 2019 personal</span><span style="font-family:"Arial",sans-serif;color:#211D1E">, composite, or fiduciary returns, available in January on our website at:
<a href="http://www.oregon.gov/dor"><span style="color:#0563C1">www.oregon.gov/dor</span></a>.</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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