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The Oregon tax rebate, commonly referred to as the kicker, is a rebate calculated for both individual and corporate taxpayers in the U.S. state of Oregon when a revenue surplus exists. The Oregon Constitution mandates that the rebate be issued when the calculated revenue for a given biennium exceeds the forecast revenue by at least two percent. [1]
Oregon economists estimate taxpayers could see a nearly $1 billion kicker in 2026 — up from an earlier forecast of $582 million — based on the September revenue forecast presented to state ...
The economists told lawmakers Wednesday that the economic forecast is relatively unchanged, but revenues are estimated to end 2.5% above expectations.
Oregon is the only state with a”kicker.” [8] Originally sent to taxpayers as a check, it is now returned as a credit toward state income tax returns. In 2024, the “kicker” will be a record $5.6 billion.
If you hear the term "Oregon kicker" this week, chances are it has nothing to do with college football players kicking field goals. Instead, it's likely in reference to the state's tax surplus ...
Oregon Ballot Measure 118, the Corporate Tax Revenue Rebate for Residents Initiative, was a proposed Oregon state initiative that was decided by voters as part of the ...
TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. [1] TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993. [2] [3]
However, the state estimates that about 5% of checks won’t go out until Jan. 15, 2023. Rebate amounts start at $350 and are based on a combination of income, household size and tax-filing status.
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