Oklahoma assess income tax rates based off of income and filing status of taxpayers. The income tax rate for the state of Oklahoma ranges between the low of .05% to a high of 5.25%. Use the following list to determine your tax rate.
Single and Married Filing Separately:
- 0.5% applied to the first $1,000 of taxable income
- 1% between $1,001 and $2,500 of taxable income
- 2% between $2,501 and $3,750 of taxable income
- 3% between $3,751 and $4,900 of taxable income
- 4% between $4,901 an $7,200 of taxable income
- 5% between $7,201 and $8,700 of taxable income
- 5.25% of taxable income greater than $8,700
Married Filing Jointly
- 0.5% applied to the first $2,000 of taxable income
- 1% between $2,001 and $5,000 of taxable income
- 2% between $5,001 and $7,500of taxable income
- 3% between $7,501 and $9,800 of taxable income
- 4% between $9,801 and $12,200 of taxable income
- 5% between $12,201 and $15,000 of taxable income
- 5.25% of taxable income greater than $15,000
Unless the deadline falls on a weekend or a holiday, tax returns are typically due on April 15th. If cases where the date coincides with a non-business day, the return deadline will move to the next business day.
Oklahoma Residents
Anyone who has lived in the state for the entirety of the tax year is considered an Oklahoma resident. Oklahoma uses the definition of domicile to determine validity of a permanent home. Your domicile is the place you return to after a vacation, business trip, military deployment, or educational study.
If you earn income in a state outside of Oklahoma, you are required to report the entire amount on your state return. You can claim a credit for taxes applied to income in another state. Taxpayers can only claim the credit for one state, as those who have claimed it already on the other state’s tax return are not eligible to claim it in Oklahoma.