Get Q Tuick Ax - Tax Ok

If you make $70,000 a year living in Oklahoma you will be taxed $10,955. Your average tax rate is 11.67% and your marginal tax rate is 22%. This marginal tax rate means that your immediate additional income will be taxed at this rate.

Requesting a Penalty Waiver The Tax Commission will automatically apply a penalty when unpaid taxes are due. If at least 90% of the original tax liability has not been paid by the due date, a penalty of 5% will be assessed. You'll also be assessed interest on the balance due at a rate of 1.25% per month.

Oklahoma also has a 4.00 percent corporate income tax rate. Oklahoma has a 4.50 percent state sales tax rat, a max local sales tax rate of 7.00 percent, and an average combined state and local sales tax rate of 8.98 percent. Oklahoma's tax system ranks 23th overall on our 2023 State Business Tax Climate Index.

¶61-520, Statute of Limitations No assessment of any tax can be made after the expiration of three years from the date the return was required to be filed or the date the return was actually filed, whichever is later.

You can also call Oklahoma's Taxpayer Services number at 1-405-521-3160 and follow the prompts of the interactive voice system.

with Oklahoma source gross income of $1,000 or more is required to file an Oklahoma income tax return.

Starting a side hustle or changing jobs, underpaying estimated quarterly taxes if you're self-employed, reporting gambling winnings, getting married or divorced, or losing a child tax credit are just some of the many reasons why you might owe state taxes this year.

You can pay your OK state income taxes online or via mail. Learn more about your e-filing options for your Oklahoma income taxes.