PORTLAND, Ore. (KOIN) — You’re going to get a tax kicker when you file your 2019 taxes. Now there’s a way to figure out how much that’s going to be.
The tax surplus of more than $1.5 billion will be kicked back to taxpayers through a credit on their returns. When you file, there will be a “What’s My Kicker?” calculator on the Oregon Department of Revenue website for personal income tax filers once filing season begins in January.
There’s also going to be detailed information on how to claim your credit when you file. But if you can’t wait to know how much you’re going to get, here’s what the Oregon Department of Revenue said:
“To calculate the amount of your credit, multiply your 2018 tax liability before any credits—line 22 on the 2018 Form OR-40—by 16 percent. This percentage is determined and certified by OEA. Taxpayers who claimed a credit for tax paid to another state will need to subtract the credit amount from their liability before calculating the credit.”
Or you could wait for the “What’s My Kicker?” calculator.Facebook, Twitter and Instagram. Download our free news and weather apps for the latest headlines and forecast information.