Surplus Refund (Kicker) Percentage

On October 1, 2019, the Oregon Office of Economic Analysis announced that the surplus refund (kicker) rate is 16% (rumored potentially at 17.71%).  The kicker is a refundable tax credit claimed on the Oregon personal income tax, composite tax, or fiduciary income tax return for 2019.  To determine the credit amount, take the 2018 tax liability before credits (as amended or adjusted, if applicable), subtract the credit for taxes paid to another state, and multiply the result by 16%.

To receive the kicker, taxpayers must file a 2019 return, even if they’re not otherwise required to do so.

They will have a “What’s my kicker” calculator available online.  Fiduciary and composite return filers will need to look at the form instructions for how to calculate the kicker.

For individuals, if their filing status changed between the 2018 and 2019 tax years, there are special notes to determine the kicker.

Call our office to speak with a Preparer 503-619-1040