Oregon Residents To Receive Nearly $1,000 Each Under Colossal Tax Kicker

Oregon has announced that it will return more than $5.61 billion in tax surplus refunds to its residents, with taxpayers being paid in the form of an income tax credit known as "kicker."

The Oregon Office of Economic Analysis (OEA) determines whether there's a tax surplus—which a state reports when revenues are more than predicted—every two years, but the amount this year is unprecedented.

The surplus on 2023 returns is the largest in Oregon's history. The record kicker was confirmed on Monday by officials who said that the Beaver State will manage to pull such an incredible feat thanks to the huge revenue surplus in the years between 2021 and 2023.