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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 2024 Oregon elections on November 5, 2024. [1] [2]
How much is the average federal tax refund for 2024? The average refund issued through March 1 was $3,182, according to the IRS release. Last year at this time, refunds averaged $3,028.
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]
“We’ve developed the tax refund chart over the past 20 years in order to help taxpayers get a basic idea on when they may receive their refunds,” said Isaac M. O’Bannon, managing editor of ...
Here’s how to make sure you get your tax refund as quickly as possible. E-file and use direct deposit to avoid delays If you’re relying on your refund, file early and electronically, and use ...
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. [9]
The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024 deadline. Tax deductions: Driving for work will pay more next year after IRS boosts 2024 mileage rate
The Oregon Department of Revenue is the principal tax collection agency in the U.S. state of Oregon.It is charged with administering the state's tax laws and collection of state taxes including personal and corporate income and excise taxes; gift and inheritance taxes; and tobacco taxes and those imposed by more than thirty other tax programs.
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