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Oklahoma Sales Tax/Relief Credit
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Sales Tax Relief/Credit If you are required to file an Oklahoma income tax return, your return must be filed by April 15th. An extension of time to file your return, including the April 20th due date for electronically filed returns, does apply to this credit. To file for sales tax relief, you ...
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Oklahoma Resident Income |
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An Oklahoma resident individual is taxed on all income reported on the federal return, except income from real and tangible personal property located in another state, income from business activities in another state, or the gains/losses from the sales or exchange of real property in another state....
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How Do I Determine my Oklahoma Residency Status?
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Resident... An Oklahoma resident is a person domiciled in this state for the entire tax year. “Domicile” is the place established as a person’s true, fixed, and permanent home. It is the place you intend to return to whenever you are away (as on vacation abroad, business assignmen...
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How Do I Calculate Oklahoma Depletion? |
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Oklahoma Depletion Oklahoma depletion on oil and gas well production, at the option of the taxpayer, may be computed at 22% of gross income derived from each Oklahoma property during the taxable year. Any depletion deduction allowable is the amount so computed minus the federal depletion claime...
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How Do I Determine my Oklahoma Net Operating Loss?
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The loss year return must be filed to establish the Oklahoma Net Operating Loss (NOL). Oklahoma NOL shall be separately determined by reference to IRC Section 172 as modified by the Oklahoma Income Tax Act and shall be allowed without regard to the existence of a federal NOL. For tax years 2009 and...
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What is Included in Oklahoma Exclusions Listed on Oklahoma's Tax Return? |
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Oklahoma Subtractions from Income Schedule 511-A -Interest on U.S. Government Obligations If you report interest on bonds, notes and other obligations of the U.S. government on your federal return, this income may be excluded from your Oklahoma Adjusted Gross Income if a detailed schedule is furni...
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Oklahoma Exclusions
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Oklahoma Subtractions from Income Schedule 511-A -Interest on U.S. Government Obligations If you report interest on bonds, notes and other obligations of the U.S. government on your federal return, this income may be excluded from your Oklahoma Adjusted Gross Income if a detailed schedule is fur...
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How Do I Receive Oklahoma Credit for Tax Paid to Another State? |
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Credit for Tax Paid to Another State If you receive income for personal services from another state, you must report the full amount of such income on your Oklahoma return. If the other state also taxes the income, a credit is allowed on Form 511. Complete Oklahoma Form 511TX and furnish a copy of ...
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How can I amend my Oklahoma state tax return?
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Generally, to claim a refund, your amended return must be filed within three years from the date tax, penalty and interest were paid. For most taxpayers, the three year period begins on the original due date of the Oklahoma tax return. Estimated tax and withholdings are deemed paid on the original ...
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How Can I Contact the State of Oklahoma About my Taxes and Where to Mail Them? |
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How can I contact the state of Oklahoma about my taxes, and where to mail them? On the Web - You will find a wealth of information on our website, including downloadable tax forms, answers to common questions, and online filing options for both income and business taxes.www.tax.ok.gov Office Loca...
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How Do I File an Extension for my Oklahoma State Taxes?
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A valid extension of time in which to file your federal return automatically extends the due date of your Oklahoma return if no Oklahoma liability is owed. A copy of the federal extension must be provided with your Oklahoma return. If your federal return is not extended or an Oklahoma liability is ...
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What is the Difference Between a Snag and a Warrant Intercept? |
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If your refund has been snagged, the Tax Commission has applied all or part of the refund to a past due tax liability. If your refund has been intercepted, you will receive written notification from the intercepting agency and the Oklahoma Tax Commission. To receive information regarding your inte...
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How can I check the status of my Oklahoma state refund?
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Taxpayers have two quick, convenient ways to check the status of their refund without speaking to an OTC representative. • Visit oktap.tax.ok.gov and click on the “Where’s My Refund?” link under “Individuals”. You will be required to enter the last seven digits ...
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Do I Have to File an Oklahoma State Tax Return? |
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Resident... Every resident individual whose gross income from both within and outside of Oklahoma exceeds the standard deduction plus personal exemption is required to file an Oklahoma income tax return. If you are uncertain about your filing requirement, see the charts on page 4. Resident individu...
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Oklahoma Credit for Property Tax Relief
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Credit for Property Tax ReliefAny person 65 years of age or older or any totally disabled person who is head of a household, a resident of and domiciled in this state during the entire preceding calendar year, and whose gross household income for such year does not exceed $12,000, may file a claim ...
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