
State of Oregon Child Care Contribution Tax Credit Refund Form
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People also ask
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Where can I find Oregon Form 40?
Forms OR-40, OR-40-P, and OR-40-N can be found at .oregon.gov/dor/forms or you can contact us to order it.
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What is the $600 assistance payment in Oregon?
The Oregon Legislature's approved House Bill 4157 will provide a one-time $600 payment to Oregon households who received an Earned Income Tax Credit (EITC) on their 2020 tax filing. The one-time payment will be sent by July 31, 2022.
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What is the current tax credit per child?
It also introduced phase out thresholds and rates for higher-income taxpayers. The act is temporary and will expire on Dec. 31, 2025. The American Rescue Plan Act of 2021 temporarily expanded the child tax credit for the 2021 tax year to $3,600 per child younger than age 6 and $3,000 per child up to age 17.
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How much is the Oregon child tax credit?
The Oregon Kids' Credit is a fully refundable tax credit worth $1,000 per child aged 0 to 5. Families making between $0 and $25,000 can claim the full credit, before eligibility begins to phase out. A partial credit is available to families making up to $30,000.
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What is the Oregon tax credit for 2024?
In 2024, eligible Oregon taxpayers will receive a “kicker" tax credit. Your kicker is either included in your refund or it will reduce the amount of tax you owe. The Oregon “kicker" tax credit is how the state returns money to taxpayers when there is a revenue surplus.
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What is Form 8862 child tax credit?
Taxpayers complete Form 8862 and attach it to their tax return if: Their earned income credit (EIC), child tax credit (CTC)/additional child tax credit (ACTC), credit for other dependents (ODC) or American opportunity credit (AOTC) was reduced or disallowed for any reason other than a math or clerical error.
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Does Oregon state have a child tax credit?
New for tax year 2023, the Oregon Kids Credit is a refundable credit for low-income people with young dependent children. For those with a modified adjusted gross income (AGI) of $25,000 or less, the full credit is $1,000 per child for up to five dependent children ages 0 to 5 at the end of the tax year.
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What is the Oregon Child Care Contribution tax credit?
New for tax year 2023, the Oregon Kids Credit is a refundable credit for low-income people with young dependent children. For those with a modified adjusted gross income (AGI) of $25,000 or less, the full credit is $1,000 per child for up to five dependent children ages 0 to 5 at the end of the tax year.
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