Here's how to find out how much you're getting from Oregon's tax kicker and how to get that money as fast as possible. Law › U. 20 amended regulations updating the interest rates applicable to corporate income, individual income, trust income, property, excise, and estate tax deficiencies, delinquencies, and refunds on or after Jan. You can also see Oregon state tax brackets and taxable income details. 863% rebate applied to your 2025 taxes. How much will you get back? Our annual review found that Oregon’s interest rate for 2025 will increase to 9 percent for refunds, deficiencies, and delinquencies. The code also allows the administrator to adopt the interest rate used by the Oregon Jan 7, 2026 · No taxes on auto loan interest: Taxpayers who bought a new car, minivan, van, SUV, pickup truck or motorcycle for personal use can deduct up to $10,000 in auto loan interest per year, if their Oct 30, 2025 · 1 If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we’ll refund the applicable TurboTax federal and/or state purchase price paid. Kicker refund Oregon’s surplus credit (known as the “kicker”) is claimed as a refundable credit on your 2023 tax return. Purpose of Form OR-706 The executor of a decedent’s estate will use Form OR-706 to figure the estate tax imposed by ORS Chapter 118. If the Department of Revenue determines pursuant to ORS 305. com. 61 billion in surplus revenue for the 2021-23 biennium is being returned to taxpayers in the form of a “kicker” tax credit of 44. If you’re not domiciled in Oregon, federal law prohibits Oregon from taxing your retirement income. You must file a 2023 return to claim your kicker credit, even if you don’t have an obligation to file. Stay informed on key dates, eligibility, and tips to ensure a smooth and timely tax refund journey. 4 billion more in income taxes (and some other taxes) in the 2023-25 budget cycle than state economists expected when Get NCAA College Football news, scores, stats, poll rankings & more for your favorite college teams and players -- plus watch highlights and live games! All on FoxSports. Jan 1, 2021 · Tax Administration Policy - Personal Income Tax Interest Rates on Tax Due and Refunds Multnomah County’s (Multnomah) Preschool for All and Metro’s Supportive Housing Services personal income tax codes set an annual interest rate of 10% (or monthly interest rate of 0. If you’re a retiree who is domiciled in Oregon, but you file a nonresident return because you’re living in another state, your retirement income may be subject to Oregon income tax. Apr 15, 2024 · Oregon exceptions to federal law. Try realtor. The 2025 annual interest rate is 9 percent. Then it compares the tax from the return to the amount that will be withheld, and lets you know if you're going to owe tax or get a refund when you file. Oregon Personal Income Tax resources including tax rates and tables, tax calculator, and common questions and answers. Jan 17, 2025 · Visit TaxAct to learn how to check status of your Oregon state tax return. Example: Tom filed his 2016 return and paid the tax due on April 6, 2017. If you're likely to owe tax, the calculator may suggest how you can increase your withholding or recommend estimated tax payments. 220 (Interest on deficiency, delinquency or refunds) for a period beginning 45 For more detailed information about your refund log into your Revenue Online account. Discussion: The annual interest rate for interest periods beginning on or after January 1, 2021 is 4 percent. FORUM is dedicated to helping members live their financial dreams. The first refunds of the year were issued Tuesday. The credit is a percentage of Oregon personal income tax liability for the 2024 tax year. Before you file Apply for an extension Do I need to file? End-of-year tax tips First-time Home Buyers Savings Accounts Gig Work Paid Leave Oregon benefits Personal income tax calculator Qualified Business Income Reduced Tax Rate (QBIRTR) Tax Calendar View my 1099-G Voluntary disclosure What form do I use? Your rights as a taxpayer The Oregon Department of Revenue’s payment plan options for balances which aren’t paid in full and options for customers experiencing financial hardship When you file your Oregon return, you must include a copy of your federal Form 1040, 1040-SR, or 1040-NR with Schedules 1 through 3 (if applicable), or Form 1040-X if you're filing an amended return. Discussion: The annual interest rate for interest periods beginning on or after January 1, 2025 is 9 percent. To claim their kicker, Oregonians must file a 2023 Oregon Personal Income Tax return. This tax was made in response to the $10,000 cap on the federal State and Local Tax (SALT) deduction in the 2017 federal Tax Cuts and Jobs Act. This tax isn’t imposed on the heirs or beneficia-ries of the estate. Dec 21, 2022 · The Oregon Department of Revenue (DOR) Dec. Through February 17, the department has processed more than 400,000 tax returns. Dec 14, 2022 · The Oregon Department of Revenue Dec. Get ready to file your taxes. Get insights on claiming refunds, eligibility, and the process. Free underpayment calculator with penalties. 4 days ago · You can track your refund at Oregon's Where's my refund? page. The largest “Kicker” in Oregon history has Oregon taxpayers more excited than ever about getting their state income tax refund this year. Publication OR-17 also explains Oregon’s tax laws to make sure you pay only the tax you owe and no more. Learn about the state's efficient refund system, potential delays, and how to track your reimbursement. Tax: Amount of tax is based on your taxable income. Important updates This publication supplements the Oregon income tax instruction booklet and the Internal Revenue Service (IRS) Tax Guide: Publication 17, Your Federal Income Tax For Individuals. 28 percent of your 2022 tax liability from Form OR-41, line 10. Jan 1, 2021 · Tax Administration Policy for Multnomah County Preschool for All (PFA) and Metro Supportive Housing Services (SHS) Personal Income Taxes related to the interest rate for tax due and refunds of the personal income taxes. The Oregon Department of Revenue will start issuing refunds for tax year 2025 on February 16, 2026 (this is for individual income tax forms only). com’s refinance calculator to find out if you should refinance your home. It explains key concepts, provides some basic statistics, and briefly reviews the history of corporate income taxation in Oregon. The kicker credit will either increase a taxpayer's Oregon state income tax refund or decrease the amount of state taxes they owe. It covers the gen-eral rules for filing an Oregon income tax return and expands on the information contained in these instruc-tions. Use Form OR-20-INC, Oregon Corporation Income Tax Return, to calculate and report the Oregon corpo-rate income tax liability of a business entity taxable as a C corporation with Oregon sources of income but not doing business in Oregon. Jan 9, 2026 · The best way to pay off debt depends on what you owe. As a member-owned financial cooperative, our members benefit through higher savings rates and lower loan rates. If you're a U. See how refinancing with a lower mortgage rate could save you money. May 29, 2024 · Oregon economists offered caution Wednesday that a financial rough patch could be on the horizon — but that might not be enough to hold off yet another “kicker” tax refund in two years. 19 issued an annual interest rate update for corporate income, individual income, trust income, excise, property, and estate tax purposes. Learn about tax law changes, how to view your tax account information online, and ways to get help. 833%) on tax due and on refunds. Explore strategies like the debt snowball, debt consolidation and debt relief. From Track Town Law in Eugene, Oregon. Use online tax preparation software. (d) See OAR 150-305-0142 Interest on Refunds for information about interest periods and interest rates. Statutory/Other Authority: ORS 305. The hold period has been completed and most taxpayers can expect to Our annual review found that Oregon’s interest rate for 2021 will decrease from 6 percent to 4 percent for refunds, deficiencies, and delinquencies. See “Penalties and interest” information under “Specific Tax Administration Policy for City of Portland Business License Tax, Multnomah County Business Income Tax and Preschool for All (PFA) Personal Income Tax, and Metro Supportive Housing Services (SHS) Business and Personal Income Taxes related to refunds. 2. You can find this by signing in to TurboTax. 0247 The daily interest rates shown above are rounded for illustrative purposes. Jun 30, 2025 · Oregon’s estate tax threshold remains at $1 million after the 2025 legislative session, but new law HB 3630 expands the $15 million natural resource exemption to trusts and business entities. Each year the department employs a refund hold period as part of the agency’s fraud prevention efforts. This is true whether you reside inside or outside the United States and whether or not you receive a Form W-2, Wage and Tax Statement, or Form 1099 from the foreign payer. 589 if the interest would be for any period prior to the time the taxpayer files a tax return for the tax year involved or for any pe-riod prior to the day that is 45 days after the date when the tax return for that year was Nov 18, 2024 · Learn about Oregon tax refund status and important dates with our comprehensive guide. Oregon employers and other payers are required to withhold tax when they pay you. Oregonians can expect roughly 45% of the state personal income taxes they paid last year to be returned to them — about $980 for the median taxpayer. Information about Metro Supportive Housing Services (SHS) Personal Income Tax and Multnomah County Preschool for All (PFA) Personal Income Tax, including requirements for filing personal tax returns and paying personal taxes with the City of Portland's Revenue Division. 4 days ago · Tax filing season opens in less than two weeks. Oct 11, 2023 · Taxpayers can also simply taxpayers can multiply their 2022 tax liability before any credits—line 22 on the 2022 Form OR-40—by 44. Additional interest Interest increases by one-third of 1 percent per month, up to 4 percent yearly, on delinquencies if: You file a return showing tax due, or we assessed an existing deficiency; and Important updates This publication supplements the Oregon income tax instruction booklet and the Internal Revenue Service (IRS) Tax Guide: Publication 17, Your Federal Income Tax (For Individuals). If you don’t pay all the tax due by April 15, 2025, you’ll owe interest on the unpaid balance from April 16, 2025 until the date you pay it in full. Codes and Statutes › Oregon Revised Statutes › 2021 Oregon Revised Statutes › Volume : 08 - Revenue and Taxation › Chapter 314 - Taxes Imposed Upon or Measured by Net Income › Section 314. Justia › U. . We serve more than 120,000 members across Idaho, Washington, and Oregon, making access to your accounts easy with 26 branches and convenient Online and Mobile Banking. Oregon is also disconnected from IRC Section 139A, the tax exemption for federal subsidies for employer prescription drug plans. (c) The interest start date for a refund not described in subsection (2) (a) or (2) (b) of this rule is 45 days after the return was due or 45 days after the tax was paid, whichever is later. Mar 27, 2024 · Eligible residents can claim the kicker as a refundable tax credit when they file their 2023 state tax returns, and the Oregon tax deadline is quickly approaching. Oregon is discon-nected from the business income deduction allowed by Section 199A of the Internal Revenue Code (IRC). Mar 21, 2024 · If you're still wondering where your Oregon state tax refund is -- including your share of the state's record kicker tax credit -- the Oregon Department of Revenue has an online tool to find out. Nov 9, 2025 · The refund that will go out next year effectively means Oregon received $1. You must file your personal income tax return or business income tax return and pay the tax liability to the City of Portland Revenue Division even if you live or are headquartered outside of Portland. Nov 7, 2025 · “Only taxpayers who filed a tax year 2024 return and also file a tax year 2025 return can receive a kicker,” the Oregon Department of Revenue said in a statement. The rates are effective for interest periods beginning on or after January 1, 2025. The rates are effective for interest periods beginning on or after January 1, 2023. May 1, 2025 · Discover the latest updates on Oregon's tax refund process. You may be required to make estimated payments if the tax on your return after all credits and withholding will be $1,000 or more. Nov 7, 2025 · The kicker credit will either increase a taxpayer's Oregon state income tax refund or decrease the amount of state taxes they owe. law. Law or rules may have changed after printing. 2023 Oregon Revised Statutes Volume : 08 - Revenue and Taxation Chapter 314 - Taxes Imposed Upon or Measured by Net Income Section 314. Free calculator to find the actual paycheck amount taken home after taxes and deductions from salary, or to learn more about income tax in the U. However, if they’re unable to join in making one complete return, each person is required to file a return disclosing all the information the person has about the estate, including the name of every person holding an interest in the property and a full description of the property. Publication OR-17 also explains Oregon's tax laws to make sure you pay only the tax you owe and no more. Learn about the steps to claim your refund, explore eligibility criteria, and stay informed about potential delays. Law U. Our annual review found that Oregon’s interest rate for 2022 will remain at 4 percent for refunds, deficiencies, and delinquencies. ChatGPT helps you get answers, find inspiration, and be more productive. 20 issued an annual interest rate update for corporate income, individual income, trust income, excise, property, and estate tax purposes. Am I required to file a separate tax return? Yes. The rates are effective for interest periods beginning on or after January 1, 2022. Oregon Administrative Rules, Chapter 150 - DEPARTMENT OF REVENUE, Division 305 - GENERAL ADMINISTRATION OF REVENUE LAWS, Section 150-305-0142 - Interest on Refunds It covers the gen-eral rules for filing an Oregon income tax return and expands on the information contained in these instruc-tions. Check your refund status, I would like to, Individuals, Businesses, Tax Professionals, Property Tax, and Collections. The rates are effective for interest periods beginning on or after January 1, 2024. The SHS tax is not included on your Oregon tax return. Due to the way Oregon’s returns are designed, no addi-tion is required. About the tax In July 2021, Oregon created a new tax called the Pass-Through Entity Elective (PTE-E) Tax, a business alternative income tax. The $5. Tax credits: Amounts that reduce your tax liability. Ask your tax preparer. (8) Interest is figured daily based on a 365-day year. 0219 January 1, 2025 — 9 — N/A — 0. You may also owe a late payment penalty. When you file your Oregon return, you must include a copy of your federal Form 1040, 1040-SR, or 1040-NR with Schedules 1 through 3 (if applicable), or Form 1040-X if you're filing an amended return. Composite and fiduciary-income tax return filers are also eligible. As a member, you'll find our focus is helping you reach your financial goals through our competitive dividend and loan rates and exceptional member service. Interest rates are the same for taxes owed and refunds. This transfer tax is levied on the entire taxable estate and is paid by the estate. See tips that can make filing taxes easier next year. 2022 Oregon law generally requires you to pay tax as you earn or receive income during the year. 415 - Refunds; interest; credits. For more information, see the instructions for your employment tax return. Discussion: The annual interest rate for interest periods beginning on or after January 1, 2023 is 6 percent. Nov 7, 2025 · The refund that will go out next year effectively means Oregon received $1. Your kicker amount is based on your tax liability for the prior year. Our annual review found that Oregon’s interest rate for 2023 will increase from 4 percent to 6 percent for refunds, deficiencies, and delinquencies. Nov 7, 2025 · Only taxpayers who filed a tax year 2024 return and also file a tax year 2025 return can receive a kicker. Taxpayers are eligible to claim the kicker if they filed a 2022 tax return and had tax due before credits. Current 7% rate (2025), daily compound interest. The interest rate may change once a calendar year. This report describes how corporations earning income in Oregon pay state tax on their net income through the Corporate Excise Tax and Income Tax. For past years' rates, see OAR 150-305-0140. Make balance due payments electronically. Nonre-fundable credits, like the personal exemption credit, may reduce your tax liability to zero. Our annual review found that Oregon’s interest rate for 2024 will increase to 8 percent for refunds, deficiencies, and delinquencies. The 2023 Oregon personal income tax return instructions include detailed information on how to claim the credit on Form OR-40 for full-year Oregon residents, Form OR-40-P for part-year residents, and Form OR-40-N for nonresidents. If you have this type of business income Justia U. Learn about car loan interest deductions, SALT tax deductions and more. If your tax preparer is an authorized IRS e-file pro-vider, your preparer can electronically file your fed-eral and Oregon returns. 30 proposed to amend regulations on the interest rates applicable to tax deficiencies, delinquencies, and refunds for corporate income, individual income, property, excise, trust income, and estate tax purposes. Your tax liability is your Oregon income tax before any credits, withholding, or payments, other than a credit for income taxes paid to another state on mutually taxed income. To be eligible for a kicker on your 2025 Oregon return, you must: 1. Maximize your refund with our comprehensive guide, offering valuable insights into the state's tax system. Oct 3, 2022 · The Oregon Department of Revenue Sept. If the director determines that the rates of interest for deficiencies, delinquencies and refunds established in subsections (1) and (2) of this section are at least one percentage point more or less than the prevailing rates of interest established by the Internal Revenue Service for underpayments arising under the federal tax laws to which Use our Oregon (OR) state tax calculator for 2026 to estimate income tax accurately. 4 billion more in income taxes (and some other taxes) in the 2023-25 budget cycle than state economists expected when (e) The department may not pay interest on a refund of estimated tax paid under ORS 314. For purposes of determining the interest rate established under ORS 305. Main navigation page for the Oregon Department of Revenue. Updated with current Oregon tax rules. Discussion: The annual interest rate for interest periods beginning on or after January 1, 2024 is 8 percent. File your 2024 Oregon return. The regulations update the annual interest rate Feb 26, 2024 · January 1, 2024 — 8 — N/A — 0. S. 525 or 316. Discussion: The annual interest rate for interest periods beginning on or after January 1, 2022 is 4 percent. Customize using your filing status, deductions, exemptions and more. Understand how to track your refund and stay updated with the latest tax information. Jan 1, 2026 · Find out how much you'll pay in Oregon state income taxes given your annual income. How the Oregon Department of Revenue may use a state tax refund, overpayment, or federal tax refund to pay towards a delinquent debt owed. 270 (Refund of excess tax paid) that the amount of the tax due is less than the amount theretofore paid, the excess shall be refunded by the department with interest at the rate established under ORS 305. See Publication OR-17 for more information about residency, domicile, and retirement income. It also allows the Administrator, by administra ve rule, to modify the 10% interest rate as set forth in Code to match the interest rate used by the Oregon Department of Revenue. 1, 2023. The refund on the corrected tax is issued February 19, 2001 and includes interest calculated from the due date, November 15, 2000, to the date of refund, February 19, 2001. Maximize your refund potential with our expert tips. This is a guide, not a complete statement of Oregon laws and rules. 28 percent. May 24, 2022 · If you're still waiting for a tax refund, you may receive 5% interest starting July 1, 2022, according to the IRS. Dec 27, 2021 · The Oregon Department of Revenue Dec. 28 percent of the Oregon income tax they paid in 2022. 557 to 316. Here's what else to know. Dec 31, 2024 · Discover the latest updates on Oregon's tax refund process. The refund was paid on December 11 Jan 21, 2025 · The Metro Code regarding income taxes sets an annual interest rate of 10% (or monthly interest rate of 0. Nov 7, 2025 · It is not sent to taxpayers in a check. Interest rates may change once a calendar year and are the same for refunds and tax due. On November 1, 2018, Tom filed a 2016 amended return to claim a $1,000 refund. Only taxpayers who filed a tax year 2024 return and also file a tax year 2025 return can receive a kicker. Frequently asked questions What interest rate does DOR charge on taxes owed? The annual interest rate is 8 percent for interest periods beginning on or after January 1, 2026. 220 (Interest on deficiency, delinquency or refunds), (1) In the case of… If you’re a retiree who is domiciled in Oregon, but you file a nonresident return because you’re living in another state, your retirement income may be subject to Oregon income tax. The effect of the tax limitation under Article XI, section 11b, of the Oregon Constitution, shall be determined with respect to the amount of taxes included in the potential refund credit in the tax year or years in which the taxes were levied. Additional interest of 4 percent per year is charged on tax that May 26, 2025 · (a) As provided in OAR 150-314-0240 (Refunds Generally), when a refund of individual income tax is attributable to tax withheld by an employer, or when a refund of individual income tax, corporate excise tax, or corporate income tax is attributable to estimated taxes, the interest starting date is 45 days after the return was due or 45 days Dec 18, 2025 · The Oregon Department of Revenue (DOR) adopted amendments to OAR 150-305-0140 and 150-305-0142 regarding interest rates charged for tax deficiencies, delinquencies, and refunds. Nov 7, 2025 · Kicker calculator If you paid taxes to the state of Oregon in 2024, you could be eligible for a 9. Your Oregon taxable income is your federal taxable income with the additions, subtractions, and modifications described in Oregon’s tax laws. Feb 19, 2025 · The Oregon Department of Revenue has begun distributing refunds for the 2024 tax year. Instead of a direct deposit refund, you can still choose to have your overpayment applied to your next return by checking the appropriate box on your employment tax return. An extension of time to file your return isn’t an extension of time to pay your tax. In your Revenue Online account use our Where's My Refund? link located in the Personal Income Tax section to check your refund status. 100 Resources Start a New Oregon Business Register an Oregon Business Request a Tax Compliance Certification Register my business with Oregon tax programs Respond to a Letter Garnishee information Nonprofit, tax-exempt, co-ops, HOAs, and political organizations Close an Oregon Business Sales Tax in Oregon Voluntary Disclosure Payroll formulas Important updates This publication supplements the Oregon income tax instruction booklet and the Internal Revenue Service (IRS) Tax Guide: Publication 17, Your Federal Income Tax (For Individuals). The rates are effective for interest periods beginning on or after January 1, 2021. Logging into your Revenue Online account is the best way to get detailed updates on your tax refund status. Dec 8, 2025 · The 2026 tax season arrives with a host of One Big Beautiful Bill changes. Nov 13, 2025 · Calculate IRS interest on unpaid taxes, refunds & payment plans. The credit is 44. citizen or resident alien, you must report income from sources outside the United States (foreign income) on your tax return unless it’s exempt by U. Codes and Statutes Oregon Revised Statutes 2013 Oregon Revised Statutes Volume : 08 - Revenue and Taxation Chapter 314 - Taxes Imposed Upon or Measured by Net Income Section 314. This publication supplements the Oregon income tax instruction booklet and the Internal Revenue Service (IRS) Tax Guide: Publication 17, Your Federal Income Tax (For Individuals). Oregon’s interest rate for 2022 will remain at 4 percent for refunds, deficiencies, and delinquencies. You'll have to enter the exact amount of your expected refund in whole dollars. Learn what changed, who qualifies, and how to plan around Oregon’s estate tax in 2025. Many Tax-Aide and Tax Counseling for the Elderly (TCE) sites set up by the IRS are authorized IRS e-file providers. 505 to 314.

auhwxbi9vok
wzoapctjd
nokxw
bqwuaf0walv
urs66pi
hhvi9rtsa
34sarnt
tqprxgi1
p2kfgj
inhaod7i3t