Oklahoma State Income TaxesThe state of Oklahoma collects income taxes on April 15th, much the way the IRS and 44 other states do.
This page:
• Lists basic Oklahoma state tax information
• Links to the major Oklahoma income tax forms
• Shows you how you can save time and money by e-filing
Prepare your Oklahoma taxes online, for free:
If you want to avoid costly mistakes, while at the same time taking advantage of all possible credits and deductions, you want to do your taxes online.
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Oklahoma state taxes at a glance:Tax Rate Range: Low - 0.5%; High - 6.25%
Income Brackets**: Lowest - $1,000; Highest - $10,000
Number of Brackets: 8
Personal Exemptions*: Single - $1,000; Married - $2,000; Dependents - $1,000; Seniors - $1,000
Standard Deduction*: Single - $1,000; Married filing Jointly - $2,000
Medical/Dental Deduction: Federal amount
Federal Income Tax Deduction: Full
*Note: Married Filing Separately personal exemption is anywhere from $500 to $1,000 depending upon your circumstances
**The rate range reported is for single persons not deducting federal income tax. For married persons filing jointly, the same rates apply to income brackets ranging from $2,000 to $21,000.
Filing your Oklahoma state income tax returnThe filing status for Oklahoma state income tax purposes must be the same as on your federal return, with one exception. This exception applies to married taxpayers who file a joint Federal return where one spouse is an Oklahoma resident, and the other is a nonresident civilian.
Likewise, if you itemized on your federal income tax return, you must use this itemized amount on your Oklahoma return. If you use the Federal standard deduction, you must use the Oklahoma standard deduction.
There are many state income tax credits for Oklahoma. The most common nonrefundable credits are:
• child care credit
• credit for taxes paid another state.
The refundable credits are:
• low income property tax credit,
• sales tax relief credit,
• tornado tax credit and
• earned income credit.
The Form 511CR lists the other nonrefundable credits.
Residents of Oklahoma are taxed on out-of-state retirement income. However, there are deductions allowed for retirees. These are listed on Schedule 511-A, lines 3,4 & 5.
Oklahoma does not have special tax rates for capital gains. Capital gains are taxed at the same rate as the rest of the income.
Nonresidents are still required to file if their income exceeds $1,000 from Oklahoma sources. So, if you work in Oklahoma and gross at least $1,000, you will be required to file an Oklahoma return. Nonresidents file Form 511NR.
Sidebar
You can work on your Oklahoma tax return online while filing your federal return (you can work on it for free, and pay nothing until you are ready to file).
Note: if you are filing more than one state return, you must file a paper return for each additional state, as TurboTax for The Web only allows one state prep.
Oklahoma income tax formsThe main Oklahoma tax forms are:
Form 511 | 2006 Oklahoma Individual Income Tax Return
511- CR| Schedule for Other Credits
If you need Oklahoma income tax forms that are not listed here, you can download them from the Oklahoma tax forms site.
Or, just simply e-file!
Additional OK state taxes helpIf you need help with your federal tax return, start with our basic guide to tax filing.
For additional help with filing OK income tax returns, see the official site of the Oklahoma Tax Commission.
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