Basic Info
Deductions
Insurance Premiums
Your Oklahoma Paycheck Results
Calculating your paycheck…
Take-Home Pay:
$0.00
Per Pay Period:
$0.00
Tax Breakdown
Federal Income Tax:
$0.00
State Income Tax (OK):
$0.00
Social Security:
$0.00
Medicare:
$0.00
Additional Medicare:
$0.00
Total Tax:
$0.00
Deduction Breakdown
401(k) Contribution:
$0.00
Traditional IRA:
$0.00
HSA Contribution:
$0.00
FSA Contribution:
$0.00
Health Insurance:
$0.00
Dental Insurance:
$0.00
Vision Insurance:
$0.00
Other Deductions:
$0.00
Total Deductions:
$0.00
Gross Annual Income:
$0.00
Effective Tax Rate:
0.00%
Oklahoma State Income Tax Information
Oklahoma utilizes a progressive income tax system with six tax brackets, ranging from 0.25% to 4.75% for the 2025 tax year. The specific rate applied depends on your taxable income and filing status.
Tax Brackets for 2025
| Filing Status | Taxable Income | Tax Rate |
|---|---|---|
| Single or Married Filing Separately | $0 – $1,000 | 0.25% |
| $1,001 – $2,500 | 0.75% | |
| $2,501 – $3,750 | 1.75% | |
| $3,751 – $4,900 | 2.75% | |
| $4,901 – $7,200 | 3.75% | |
| Over $7,200 | 4.75% | |
| Married Filing Jointly or Head of Household | $0 – $2,000 | 0.25% |
| $2,001 – $5,000 | 0.75% | |
| $5,001 – $7,500 | 1.75% | |
| $7,501 – $9,800 | 2.75% | |
| $9,801 – $14,400 | 3.75% | |
| Over $14,400 | 4.75% |
Standard Deduction
For the 2025 tax year, Oklahoma offers the following standard deductions:
- Single or Married Filing Separately: $7,350
- Married Filing Jointly: $14,700
Retirement Income
Oklahoma provides tax benefits for retirees:
- Social Security Benefits: Fully exempt from state income tax.
- Other Retirement Income: Up to $10,000 per person of retirement income (such as pensions, annuities, and IRA distributions) may be exempt, subject to certain conditions.
FICA Taxes
| Tax Component | Rate | Income Limit |
|---|---|---|
| Social Security | 6.2% | Up to $176,100 |
| Medicare | 1.45% | No Limit |
| Additional Medicare | 0.9% | Income above $200,000 (Single) / $250,000 (Married) |
Pre-Tax Deductions
Common pre-tax deductions available to Oklahoma residents include:
- Contributions to 401(k), 403(b), and other retirement plans
- Health and dental insurance premiums
- Health Savings Account (HSA) and Flexible Spending Account (FSA) contributions
- Pre-tax transit and commuter benefits
Oklahoma-Specific Tax Credits and Deductions
| Credit or Deduction | Description |
|---|---|
| Earned Income Credit | Provides a credit equal to 5% of the federal Earned Income Tax Credit for eligible low- to moderate-income workers. |
| Child Care/Child Tax Credit | Offers a credit for qualifying child care expenses, varying based on income and number of dependents. |
| Education Tax Credits | Includes credits for contributions to scholarship-granting organizations and educational improvement grants, subject to specific limits. |
Interesting Facts About Oklahoma Taxes
- Oklahoma’s top income tax rate of 4.75% is among the lowest in states with a progressive tax system.
- The state offers various tax incentives to promote education and support low-income families.
- Recent tax reforms have aimed to simplify the tax code and reduce the overall tax burden on residents.
Frequently Asked Questions (FAQs)
- Does Oklahoma tax Social Security benefits?
- No, Social Security benefits are fully exempt from Oklahoma state income tax.
- What is the standard deduction in Oklahoma for 2025?
- The standard deduction is $7,350 for single filers and $14,700 for married couples filing jointly.
- Are there any tax credits for education-related expenses?
- Yes, Oklahoma offers tax credits for contributions to scholarship-granting organizations and educational improvement grants, subject to certain limitations.
- How does Oklahoma’s income tax system work?
- Oklahoma uses a progressive income tax system with six brackets, taxing higher income levels at higher rates, ranging from 0.25% to 4.75%.