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Speed Up Your Oregon Kicker Tax Credit: Easy Tips!

Photo from Google
Photo from Google

Oregon residents are on the verge of claiming their part of the record $5.61 billion kicker tax credit, but the Oregon Department of Revenue has outlined crucial steps to ensure a smooth process. For those eager to receive their share, adherence to specific guidelines is vital.

Photo from Google

Photo from Google

Claiming Your Kicker Tax Credit – Important Steps

With the highly anticipated $5.61 billion kicker tax credit just weeks away for Oregonians, the first crucial step is confirming the filing of your 2022 tax return. This step is essential as the credited amount is contingent on your 2022 tax liability, and without this return, the state cannot compute your kicker.

While the majority of taxpayers have already submitted their 2022 returns, a subset is yet to do so. Notably, electronic filing is temporarily closed until late January, prompting those who still need to file for 2022 to either use a downloadable paper form or await the reopening of electronic filing.

Looking ahead, the next critical move is filing your 2023 tax return promptly when the filing season commences. The quicker the filing, the sooner you can expect to receive your kicker funds. To facilitate a faster process, the Department of Revenue offers valuable tips for efficient filing, ensuring a timely and hassle-free experience for taxpayers.

READ ALSO: Creating Your Online IRS Account: A Simple Guide

Ensure Smooth Filing with Online Tools and Organization

Access your current tax information easily at Revenue Online, Oregon’s online tax portal. Utilize the “What’s My Kicker” calculator, check your 1099-G (available by January 31, 2024), and verify estimated tax payments—all in one convenient place.

Make tax preparation hassle-free by gathering and organizing your records. Wait until you have all necessary documents, including Forms W-2, Forms 1099, and other income statements for a complete and accurate return.

Efficiently speed up your tax refunds by choosing direct deposit through a bank account. File electronically for a faster process. For further details, consult the IRS website.

READ ALSO: Hochul Signs Controversial Rent Bill: Landlords Decry Legislation As A “Disaster”

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