Calculate your take home pay after federal & Oklahoma taxes
Last updated on Jul 20 2021
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Oklahoma state income tax
Brief summary:
- the income tax rate ranges from 0.5% to 5%
- no state-level payroll tax
- has standard deductions and exemptions
- has a Child Tax Credit (CTC) and Earned Income Tax Credit (EITC)
Oklahoma fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.
Calculating your Oklahoma state income tax is similar to the steps we listed on our Federal paycheck calculator:
- figure out your filing status
- work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
- understand your tax liability [Taxable income Γ Tax rate = Tax liability]
- determine whether your tax liability is more than your tax credits and withheld
- Tax liability – (Credits + Withheld) = What you owe or
- (Credits + Withheld) – Tax liability = Tax refunds
State payroll tax
There is no state-level payroll tax.
Income tax brackets
Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2021 2020 |
Single Married, Filing Separately |
$0 – $1,000 | 0.50% |
| $1,000 – $2,500 | 1.00% | ||
| $2,500 – $3,750 | 2.00% | ||
| $3,750 – $4,900 | 3.00% | ||
| $4,900 – $7,200 | 4.00% | ||
| $7,200+ | 5.00% | ||
| Married, Filing Jointly or Widow(er) Head of Household |
$0 – $2,000 | 0.50% | |
| $2,000 – $5,000 | 1.00% | ||
| $5,000 – $7,500 | 2.00% | ||
| $7,500 – $9,800 | 3.00% | ||
| $9,800 – $12,200 | 4.00% | ||
| $12,200+ | 5.00% |
Deductions
| Fiscal year | Filing status | Standard deduction amount |
|---|---|---|
| 2021 2020 |
Single Married, Filing Separately |
$6,350 |
| Married, Filing Jointly | $12,700 | |
| Head of Household | $9,350 |
Exemptions
There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Personal exemption amount |
|---|---|---|
| 2021 2020 |
Single Married, Filing Separately Head of Household |
$1,000 |
| Married, Filing Jointly or Widow(er) | $2,000 | |
| Dependent(s) | $1,000 |
Earned Income Tax Credit (EITC)
| Fiscal year | Percentage of Federal EITC | Refundable |
|---|---|---|
| 2021 2020 |
5% | No |
Child Tax Credit (CTC)
| Fiscal year | Filing status | Amount per dependent | Refundable | Comment |
|---|---|---|---|---|
| 2021 2020 |
Single Married, Filing Jointly Married, Filing Separately Head of Household |
$100 (5% of federal CTC) | No | Taxpayers with an Federal Adjusted Gross Income above $100,000 are ineligible |
FAQs
What taxes do Oklahoman pay?
The only state-level tax Oklahoman need to pay is the income tax which ranges from 0.5% to 5%.
How much do you make after taxes in Oklahoma?
A single filer who makes $50,000 annual wage will take home $39,936 after taxes.
For a married couple with a combined income of $100,000, their take home pay will be $79,850.