Is there a known problem with the 2023 Oregon kicker credit calculation?

Forum|Forum|2 years ago
February 1, 2024
1 reply
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TurboTax shows I have a credit, then asks me if I want to donate the entire amount (instructions are wrong, saying answer "no" if you do). I don't want to donate, but the credit isn't applied to my tax bill.

What's going on?

TurboTax Online

JamesG1

Are you reporting a credit for tax paid to another state? Taxpayers who claimed a credit for tax paid to another state would need to subtract the credit amount from their liability before calculating the credit.

Taxpayers are eligible to claim the kicker if they filed a 2022 tax return. Taxpayers will claim the kicker as a refundable credit on their 2023 tax return filed in 2024.

To calculate the amount of the credit, taxpayers multiply their 2022 tax liability before any credits – line 22 on the 2022 Form OR-40 – by 44.28 percent. Taxpayers who claimed a credit for tax paid to another state would need to subtract the credit amount from their liability before calculating the credit.

See the Oregon Department of Revenue here.

In TurboTax Online, see the page Oregon Kicker Credit in the Oregon state tax return.

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Johnw47

TurboTax says I qualify for the kicker. I filed a return in 2022. The state tax summary does not show that a kicker credit was applied. I did a manual calculation of my state taxes and arrived at a tax-owed amount similar to what TurboTax calculated without applying the kicker credit. Something is amiss.