2021 oklahoma income tax brackets for free#

Those married filing jointly can deduct up to $20,000, while all other filing statuses can deduct up to $10,000. Oklahoma taxpayers may also deduct contributions to qualified 529 accounts.

Contributions to Oklahoma 529 College Savings Plan and OklahomaDream 529 account(s) However, they must also provide a schedule detailing the expenses incurred and a description of the disability. Taxpayers who have a qualifying physical disability that constitutes a substantial handicap to employment may deduct the expenses incurred while modifying a motor vehicle, home, or workplace in a manner necessary to compensate for their disability. The expenses must be deducted in the year incurred. The expenses must be directly related to the adoption, such as adoption fees, attorney’s fees, and court costs. Taxpayers who have recently adopted a child may deduct certain non-recurring adoption expenses up to $20,000 per calendar year. In addition, Oklahoma allows for a number of state-specific deductions, including: Qualified adoption expense The only exceptions are charitable contributions and medical expenses, which aren’t subject to the $17,000 limit.

On your state return, your total amount of deductions must be limited to $17,000. Those two deductions can’t be taken in Oklahoma and must be added back into your income. In Oklahoma, your itemized deductions are largely based on your federal deductions, except for any state and local sales tax or income tax deducted. If you itemized deductions on your federal tax return, you’re required to itemize deductions on your Oklahoma return. Married filing jointly or Qualifying widower: $12,700.Single or married filing separately: $6,350.In Oklahoma, the standard deduction amount depends on your filing status.įor the 2021 tax year, the standard deductions are: If you claimed the standard deduction on your federal return, you must claim the standard deduction on your Oklahoma return. Income Tax Deductions for Oklahoma Standard Deduction

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2021 oklahoma income tax brackets for free#

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