Oregon Kicker 2025 Percentage Increase

Oregon Kicker 2025 Percentage Increase. Oregon Kicker What’s Your Cut? Oregon Office of Economic Analysis In the 2025-27 biennium, General Fund available resources are forecast to increase by $2.27 billion, and revenues increasing by $1.3 billion from the September forecast this windfall comes alongside an anticipated $350 million increase in general fund resources for the state's 2025-2027 budget

Increased revenues in the current biennium also increase the projected kickers If a kicker will be available for tax year 2025, the percentage amount will be announced in November 2025.

Here's how to calculate your cut of Oregon's 5.61 billion kicker

In the current 2023-25 biennium they account for 7.5 percent (largely driven by the record personal income tax kicker being paid out which reduces overall General Fund revenues.) The largest such source are estate taxes, followed by interest earnings, liquor revenues, judicial revenues, and insurance taxes . The Oregon Department of Revenue determines the percentage of the taxpayer's original. Oregon taxpayers can anticipate a notable financial boost as the state's latest economic outlook projects a $1.7 billion kicker to be distributed as a credit on 2025 tax returns

Here's how to calculate your cut of Oregon's 5.61 billion kicker. Explore the tax implications of the Oregon Kicker refund on your federal return and learn about essential record-keeping practices. Increased revenues in the current biennium also increase the projected kickers

Oregon Kicker Tax Refund 2025 Janka Ainslee. The Oregon Department of Revenue determines the percentage of the taxpayer's original. Oregon's Office of Economic Analysis released the December 2024 forecast, predicting higher revenue and kicker for 2025, as lawmakers caution potential economic impacts at the federal level.