OKLAHOMA BUSINESS CORPORATE TAX, OKLAHOMA PERSONAL INCOME TAX, OKLAHOMA SALES TAX RATES

What is the Oklahoma Corporate net income tax rate(s)?

6%.   Plus the Oklahoma Franchise Tax of $1.25 for every $1000 of assets in Oklahoma.

What is the Oklahoma personal net income tax rate(s)?

0-1,000 .5%
1,000-2,500 1%
2,500-3,750 2%
3,750-4,900 3%
4,900-7,200 4%
7,200-8,700 5%
8,700 + 5.5%

What is the average Oklahoma sales tax rate(s)?

8.44%. The state has a 4.5% tax, but the average local tax is 3.94% making a total of 8.44%.

Are there standard deductions?

Single: $4,250
Joint: $8,500

Are there personal exemptions?

Single: $1,000
Dependents: $1,000

What forms do you file for your Oklahoma taxes?

Oklahoma corporations: Form 512
S corporations: Form 512S
Individual: Form 511

To learn more about nonprofit filings, see our Oklahoma nonprofit corporation page.

Estimated tax payments?

Form OW-8-ES for personal payments. Oklahoma follows the IRS standards for estimated payments. If you will owe $500 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.

Oklahoma Department of Revenue:

Oklahoma Tax Commission
P.O. Box 26800
Oklahoma City , OK 73126-0800
Telephone: 405-521-3637 or 800-522-8165
Website:  http://www.oktax.state.ok.us/

If you use Northwest Registered Agent as your Oklahoma LLC or corporation, receive notification reminders to file your annual reports on time, annual tax reminders, and new State information reminders. All for a low annual flat rate fee of $125 a year. We also help incorporate new Oklahoma businesses for only $100.