Individual income tax collections made up about one-third of the $13.3 billion in tax revenue collected by Oklahoma in 2023. Studies have shown that a 0.25% reduction could cost the state about ...

Standard Deduction$0 Federal income tax$29,364 State taxes Marginal tax rate4.75% Effective tax rate 4.39% Oklahoma state tax$6,651 Gross income$151,340 Total income tax-$36,015 After-Tax Income ...

Residents of Tulsa County are expected to see the biggest benefits with an average tax cut of $4,604. Other counties at the top of the list include Oklahoma County ($3,552) and Kingfisher County ...

Roughly 600,000 retirees in Oklahoma are expected to benefit from a new federal deduction that exempts most Social Security ...

While Oklahoma lawmakers secured another round of income tax cuts, they are still wrapping their heads around the fiscal ...

OKLAHOMA CITY — A bill to reduce Oklahoma’s income tax was the first measure to be filed for consideration by the Senate when it reconvenes in February. Senate Bill 1, filed by Adair ...

Oklahoma has a projected $4.21 billion in unspent cash and reserves for 2025. That is a lot of money for residents living in a state ranking nationally in the top 10 for poverty and the worst ...

Just last week, Colorado’s southern neighbor Oklahoma committed to eliminating its personal income tax. On May 28, Gov. Kevin Stitt signed into law a measure that cuts Oklahoma’s top income ...

Individual income tax collections made up about one-third of the $13.3 billion in tax revenue collected by Oklahoma in 2023. Studies have shown that a 0.25% reduction could cost the state about ...