Oregon Kicker Calculator

Step-by-Step Guide to Using the Oregon Kicker Calculator

Introduction

The Oregon Kicker Calculator is designed to help you estimate your potential kicker credit based on your 2022 Oregon taxable income and tax liability. Follow the steps below to use the calculator effectively.

Step 1: Select Your Filing Status

• Locate the Filing Status field.
• Click on the dropdown menu to see the available options.
• Select the option that matches your tax filing status for 2022: Single or Married Filing Jointly.

Step 2: Enter Your Taxable Income

• Find the 2022 Oregon Taxable Income field.
• In the designated space, enter your taxable income for the year 2022 in Oregon. Make sure the value is at least zero and accurate to two decimal places if necessary.
• This value represents your income after deductions and exemptions.

Step 3: Enter Your Tax Liability

• Locate the 2022 Oregon Tax Liability field.
• Input the total tax you were liable to pay in Oregon for the year 2022, ensuring the value is non-negative and precise to two decimal places.
• This value is your tax bill after any credits have been applied.

Step 4: View Your Results

• After entering all the required information, the calculator will automatically compute the results.
• Review the 2024 Kicker Percentage to understand the estimated percentage of your 2022 tax liability that may be returned as a kicker credit.
• Check your Estimated Kicker Credit, which is the amount you might expect to receive in dollar terms.
• Observe the Effective Kicker Rate to see how the estimated kicker credit compares to your income as a percentage.

Conclusion

By following these steps, you can easily calculate an estimated kicker credit using the Oregon Kicker Calculator. This estimation provides helpful insight into potential tax refunds that can assist with financial planning for 2024.