Oklahoma State Income Tax

Oklahoma state income taxes are levied on individuals’ earnings within a tax year. These taxes fund many aspects of the state government, including education and local services. In addition, the taxes are used to provide unemployment benefits for workers who lose their jobs. Failing to pay these taxes can result in professional license non-renewal and other penalties. In Oklahoma, the top income tax rate is 4.75%. This is relatively low compared to other states, although the city and county sales taxes can add up to 8.99%. Individuals may also be able to deduct some qualifying capital gains.

The taxable amount of an individual’s ordinary income depends on their federal tax bracket and their filing status. This includes salaries, wages, interest, dividends, rent, royalties, and certain retirement account distributions. Military service members and their spouses are not required to pay Oklahoma state income tax on their military pay. They can claim this exemption by submitting an annual withholding tax-exempt certification for military spouses to their employers. However, they must still file a federal return for their service period.

How to Pay Oklahoma State Income Tax?

Paying your Oklahoma state income tax comes with a variety of options, catering to different preferences and situations. Here’s a breakdown of your choices:

OkTAP (Oklahoma Taxpayer Access Point): This secure platform allows you to file your return electronically, manage your account, and conveniently make payments. It’s the recommended method for both individuals and businesses: http://oktap.tax.ok.gov/

PayOnline OK.gov: This portal lets you pay various state bills, including your income tax. Choose “Oklahoma Tax Commission” under “Service” and follow the prompts: https://www.ok.gov/payonline/State_Services/

Direct Online Payment via Bank Account: If you don’t have OkTAP, you can still make a direct online payment through OKTAP using your bank account details and taxpayer ID: https://www.ok.gov/payonline/State_Services/

Check or Money Order: Send a check or money order with a completed Form 511-V (Individual Income Tax Payment Voucher) to the Oklahoma Tax Commission. Ensure it’s a USD check or money order from a U.S. or Canadian bank, and includes your Social Security number or taxpayer ID. Download the form here: https://oklahoma.gov/content/dam/ok/en/tax/documents/forms/individuals/current/511-V.pdf

The standard deadline for filing and paying your Oklahoma income tax is April 15th. However, you can file for extensions or adjust the filing date based on your circumstances.