Oregon residents are on the verge of receiving their portion of the state’s record $5.61 billion kicker tax credit, and the Oregon Department of Revenue is advising recipients on the necessary steps to claim it.
Oregonians are only a few weeks away from being able to claim their piece of the state’s record $5.61 billion kicker tax credit. (Source: Central Oregon Daily News)
Maximizing Kicker Oregon Tax Credit
Individuals must ensure that their 2022 tax return is filed since the amount received will be based on their 2022 tax liability. As most taxpayers have already filed, those who haven’t must either download and use a paper form or wait until electronic filing reopens in late January. The subsequent step is to file the 2023 tax return next year when the filing season commences, expediting the receipt of the money. The Department of Revenue recommends several tips for faster filing, including checking account information online at Revenue Online, utilizing the “What’s My Kicker” calculator, and verifying estimated tax payments. Additionally, gathering and organizing tax records, such as Forms W-2, Forms 1099, and other income statements, is essential for an accurate and error-free return.
To expedite tax refunds, taxpayers are encouraged to file electronically and opt for direct deposit. This method ensures a faster refund and relevant information is available on the IRS website. Choosing a reputable tax return preparer is also emphasized, and free help for filing a return is available for those in need. Individuals can visit the Oregon Department of Revenue website or contact them via email or phone for tax-related inquiries, forms, refund status, or payments. It is emphasized that taxpayers are responsible for the accuracy of their return, irrespective of who prepares it. The advice aims to streamline the process for Oregonians seeking their share of the substantial kicker tax credit.
READ ALSO: Delay of Oklahoma Parental Choice Tax Credit Act Caused by Obstacles, Oklahoma Tax Commission Says
