Oregon has joined at least eight other states in implementing a new or expanded state child tax credit (CTC) since the expanded federal child tax credit expired in 2022. The new Oregon child tax credit, known as the "Oregon Kid’s Credit," is worth up to $1,000 and is completely refundable. That means eligible taxpayers can receive the credit back as a tax refund.
“By providing support during a child’s critical developmental years, the Oregon Kids’ Credit aims to address economic disparities and ensure that every child in Oregon has a strong foundation for life,” said Sen. Wlnsvey Campos (D - Beaverton) in a press release after the state senate approved the tax break.
