Oklahoma Tax FAQs

• taxmOuth Oklahoma Tax FAQs

Oklahoma Tax Forms

• taxmOuth Oklahoma Tax Forms

Oklahoma Corporate Taxes

• taxmOuth Oklahoma Corporate Taxes
• Oklahoma Tax Rates & Brackets:
  
  6%> $0
  
• Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: 0.130% ($20,000 max.)

Oklahoma Tax Incentives and Credits

• taxmOuth Oklahoma Tax Credits
• Job Credits?: N
• R&D Credits?: N
• Investment Credits?: Y

Oklahoma Individual Income Taxes

• taxmOuth Oklahoma Individual Income Taxes
• Oklahoma tax rates and brackets:
  
  0.5%> $0
  1%> $1,000
  2%> $2,500
  3%> $3,750
  4%> $4,900
  5%> $7,200
  5.5%> $8,700
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: $3,250 / Joint $6,500
• Personal Exemptions/Credits (c): Single $1,000 / Joint $2,000 / Dependent $1,000
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Oklahoma Estate, Gift and Inheritance Taxes

• taxmOuth Oklahoma Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Decoupled
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Oklahoma Miscellaneous Taxes

• taxmOuth Oklahoma Miscellaneous Taxes
• Gas Tax: 17.0 cents/gallon
• Diesel Tax: 14.0 cents/gallon
• Cigarette Tax: 103.0 cents/20 pack

Oklahoma Pass-through Tax Treatment

• taxmOuth Oklahoma Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Oklahoma Payroll Taxes

• taxmOuth Oklahoma Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #1

Oklahoma Property Taxes

• taxmOuth Oklahoma Property Taxes
• Median Tax Paid on Homes (Rank): $762 (#44)
• Median Value of Homes: $105,500
• Tax as % of Home Value (Rank): 0.72% (#31)
• Median Income of Homeowner: $53,873
• Tax as % of Income (Rank): 1.41% (#44)

Oklahoma Sales and Use Taxes

• taxmOuth Oklahoma Sales and Use Taxes
• State Rate: 4.50%
• County & City (Weighted Ave): 3.94%
• Combined State and Ave. Local Rates (Rank): 8.44% (#4)
• General Treatment of Services: Many Taxable
• Gasoline: Exempt
• Groceries: Taxable