Your $336 Kicker Tax Refund might be your last

By Taxpayer Association of Oregon Foundation

Oregonians are projected to be receiving an average $336 Kicker Income Tax Refund next year due to a surge in personal tax revenue coming into the state of Oregon that is far above what was projected and expected. At the same time, lawmakers have proposed Senate Joint Resolution 3 (SJR3) which would amend the Oregon Constitution by moving the Kicker funds into an education fund and to do away with the kicker tax refund altogether. The battle over your $336 Kicker Tax Refund check is being debated in Salem.

With Oregon near full employment and wages steadily rising, state government tax revenues are surging. For instance, compared to last year, personal income taxes are up 24%. Corporate tax payments are also up exceeding 50% increase over the same period. The revenue surge is so big that the state’s economists predict Oregonian will be getting a Kicker refund on the taxes they file in 2020. The table below shows that the average filer will get a Kicker of $336. Small business owners, who are taxed on all of their business income, are likely to get and even bigger Kicker.

Here is how to calculate your Kicker Tax Refund based on current forecasts*.

Less than $11,200….. $13
$11,200 – $26,300….. $75
$26,300 – $47,800….. $169
$47,800 – $87,400….. $311
$87,400 – $177,300…. $633
$177,300 – $401,200… $1,484
More than $401,200…. $6,787

AVERAGE $336

* These numbers are based on projections which will vary as tax revenue and the economy varies, but represent a possible scenario based on current projections.

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