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How Do I File a Joint Tax Return if One of the Residents is an Oklahoma Nonresident Spouse?
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The filing status for Oklahoma purposes is the same as on the federal income tax return, with one exception. This exception applies to married taxpayers who file a joint federal return where one spouse is an Oklahoma resident (either civilian or military), and the other is a nonresident civilian (n...
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What are some of the Oklahoma Additions? |
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A1 State and Municipal Bond Interest Federal Amount column If you received income on bonds issued by any state or political subdivision thereof, exempt from federal taxation but not exempt from taxation by the laws of the State of Oklahoma, the total of such income shall be added to Federal Adjus...
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What is the Oklahoma or Federal Government Retirement Exclusion?
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Each individual may exclude their retirement benefits, up to $10,000, but not to exceed the amount included in the Federal Adjusted Gross Income.For any individual who claims the retirement exclusion on Schedule 511NR-B, line 5, the amount of the exclusion on this line cannot exceed $10,000 minus t...
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Political Contributions Adjustments, Oklahoma Military & Disability deduction |
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Helpful Reminder - The Schedule 511NR-C adjustments for Political Contributions and Interest Qualifying for Exclusion are no longer available. Both were repealed. Military Pay ExclusionOklahoma residents who are members of any component of the Armed Services may exclude 100% of their active milita...
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What is the Oklahoma Use Tax and How Do I Calculate It?
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Every state with a sales tax has a companion tax for purchases made outside the state. In Oklahoma, that tax is called “use tax”. If you have purchased items for use in Oklahoma from retailers who do not collect Oklahoma sales tax whether by mail order, catalog, television shopping netw...
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Oklahoma Credit for Property Tax Relief |
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Any 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 receding calendar year, and whose gross household income for such year does not exceed $12,000, may file a claim for property tax relief on the...
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Oklahoma Sales Tax/Relief Credit
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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 must be an Oklahoma resident...
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Oklahoma Payment Options |
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You can use OLTPRO to set up a direct debit when filing the Oklahoma state return. Here are more options for taxpayers to pay their Oklahoma taxes: Mail: Individual Income Tax Form 511-V.. If you have already filed your current year's individual income tax return, and are now wanting to send ...
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Oklahoma Exempt Tribal Income
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Exempt Tribal Income Federal Amount Column If the tribal member’s principal residence is on “Indian country” as defined in 18 U.S.C. Section 1151, the income earned on Indian country maybe deducted. Legally acknowledged Indian country must be within the jurisdiction of the tribe...
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Oklahoma Clean Fuel Credit |
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68 OS Sec. 2357.22 For tax years beginning before January 1, 2020, there shall be allowed a one-time credit against the income tax imposed by Section 2355 of this title for investments in qualified clean-burning motor vehicle fuel property placed in service after December 31, 1990. B. As used in ...
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How Do I Calculate Oklahoma Depletion?
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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 claimed. If Oklahoma options ...
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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. Use the 511NR-NOL schedules. When there is a federal net operating loss (NOL), an Oklahoma NOL must be computed as if all the income were earned in Oklahoma. The figures from the “Federal Amount” column are...
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What is Included in Oklahoma Exclusions Listed on Oklahoma's Tax Return?
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Military Pay ExclusionOklahoma residents who are members of any component of the Armed Services may exclude 100% of their active military pay, including Reserve & National Guard pay, to the extent such pay is included in the Federal Adjusted Gross Income. Retired military see instructions for S...
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Oklahoma Other Exclusions |
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Miscellaneous: Other AdjustmentsEnter in the box on Schedule 511-C, line 6, the appropriate number as listed below which shows the type of deduction. If you are entitled to more than one deduction listed below, enter the number “99”. Enter the number “1” if the following ap...
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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? How to Contact the Oklahoma Tax Commission - Whether you need a tax form, have a question or need further information, there are many ways to reach us. On the Web - You will find a wealth of information on our website...
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