The 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
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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 return
The 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.
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 forms
The main Oklahoma tax forms are:
Form 511 | 2011 Oklahoma Individual Income Tax Return
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