Oklahoma adjusts standard deduction

Effective for tax years 2017 and beyond, the Oklahoma personal income standard deduction amounts are: (1) $6,350 for single or married filing separately, (2) $12,700 for married filing jointly or qualifying widower with dependent child, and (3) $9,350 for head of household. Also, effective for tax years 2017 and beyond, residents with gross income from Oklahoma and from outside of Oklahoma that exceeds the standard deduction and personal exemption must file an Oklahoma income tax return. Resident individuals who are not required to file a federal income tax return must attach a completed federal income tax return to their Oklahoma return to show how adjusted gross income and deductions were determined, if their gross income is more than their adjusted gross income. Also, nonresidents with Oklahoma gross income over $1,000 must file an Oklahoma income tax return. (H.B. 2348, Laws 2017, approved May 12, 2017, and effective January 1, 2017.)
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