PORTLAND, Ore. (KOIN) – After the state of Oregon confirmed a $5.6 billion revenue surplus that would transfer to a record kicker during the 2024 tax season, many taxpayers were eager to claim their returns.
So far, more than 950,000 taxpayers have claimed nearly $1.6 billion of the available kicker credit. The Oregon Department of Revenue expects another 1.2 million returns to be filed, which means that more than $4 billion in the surplus remains to be claimed.
“More than 1 million taxpayers still need to file and we are urging Oregonians not to wait until the last minute,” said Megan Denison, administrator of the agency’s Personal Tax and Compliance Division. “We also urge anyone who is owed a kicker to file and claim it.”
The tax filing deadline is April 15. Once submitted, returns are sent out in the order taxes were received.
The Oregon Office of Economic Analysis estimates that “the typical Oregon taxpayer will receive a $790 credit on their tax returns” in 2024. See the state’s income distribution chart above to estimate how much of a refund you may receive in 2024.
The Department of Revenue also set up a calculator to help taxpayers estimate the amount they could receive. However, taxpayers will not be eligible if they have yet to file a 2022 Oregon income tax return or did not pay income tax in 2022.
