Oklahoma state income tax rate table for the 2020 - 2021 filing season has six income tax brackets with OKtax rates of 0.5%, 1%, 2%, 3%, 4% and 5% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses.
- In an editorial Monday in the Tulsa World, Gov. Kevin Stitt suggested the existing compacts, which call for tribes to pay between 4% and 10% of a casino’s net revenue in “exclusivity fees,” should.
- The Oklahoma income tax has six tax brackets, with a maximum marginal income tax of 5.00% as of 2020. Detailed Oklahoma state income tax rates and brackets are available on this page.
In Oklahoma, the combined state-local sales tax rate on a bottle of water averages 8.94 percent, but the state fee on casino slot machines is just 6 percent. That’s not the only comparison in. Oklahoma Consumer Tax Laws A listing of tax rates in Oklahoma for consumer items such as cigarettes, liquor, and gasoline, with information about the state's retail sales tax rate and how tax revenue is spent. Choctaw Nation Unveils Plans for a New Casino in Oklahoma. Despite the unknown future tax rates for casino operators, many tribes are still looking to open a gambling venue in Oklahoma. This week, the Choctaw Nation revealed its plans for a new casino in Oklahoma. More specifically, a casino in Matteson, at Lincoln Highway and Harlem Avenue.
The Oklahoma tax rate and brackets are unchanged from last year.
Oklahoma income tax rate and tax brackets shown in the table below are based on income earned between January 1, 2020 through December 31, 2020. Outlook for the 2021 Oklahoma income tax rate is to remain unchanged.
| Income Tax Bracket | Tax Rate 2020 | ||
|---|---|---|---|
| $0 | to | $1,000 | 0.5% |
| $1,001 | to | $2,500 | 1% |
| $2,501 | to | $3,750 | 2% |
| $3,751 | to | $4,900 | 3% |
| $4,901 | to | $7,200 | 4% |
| $7,201 | to | ∞ | 5% |
| Income Tax Bracket | Tax Rate 2020 | ||
|---|---|---|---|
| $0 | to | $2,000 | 0.5% |
| $2,001 | to | $5,000 | 1% |
| $5,001 | to | $7,500 | 2% |
| $7,501 | to | $9,800 | 3% |
| $9,801 | to | $12,200 | 4% |
| $12,201 | to | ∞ | 5% |
| Income Tax Bracket | Tax Rate 2020 | ||
|---|---|---|---|
| $0 | to | $1,000 | 0.5% |
| $1,001 | to | $2,500 | 1% |
| $2,501 | to | $3,750 | 2% |
| $3,751 | to | $4,900 | 3% |
| $4,901 | to | $7,200 | 4% |
| $7,201 | to | ∞ | 5% |
| Income Tax Bracket | Tax Rate 2020 | ||
|---|---|---|---|
| $0 | to | $2,000 | 0.5% |
| $2,001 | to | $5,000 | 1% |
| $5,001 | to | $7,500 | 2% |
| $7,501 | to | $9,800 | 3% |
| $9,801 | to | $12,200 | 4% |
| $12,201 | to | ∞ | 5% |
Source: 2020 Oklahoma Tax Rates and Tax Brackets, published by the Oklahoma Tax Commission.
Please reference the Oklahoma tax forms and instructions booklet published by the Oklahoma Tax Commission to determine if you owe state income tax or are due a state income tax refund. Oklahoma income tax forms are generally published at the end of each calendar year, which will include any last minute 2020 - 2021 legislative changes to the OK tax rate or tax brackets. The Oklahoma income tax rate tables and tax brackets shown on this web page are for illustration purposes only.
Oklahoma Tax Brackets 2020 - 2021
Looking at the tax rate and tax brackets shown in the tables above for Oklahoma, we can see that Oklahoma collects individual income taxes differently for Single versus Married filing statuses, for example. We can also see the progressive nature of Oklahoma state income tax rates from the lowest OK tax rate bracket of 0.5% to the highest OK tax rate bracket of 5%.
Oklahoma Gambling Tax Rate 2019
For single taxpayers living and working in the state of Oklahoma:
- Tax rate of 0.5% on the first $1,000 of taxable income.
- Tax rate of 1% on taxable income between $1,001 and $2,500.
- Tax rate of 2% on taxable income between $2,501 and $3,750.
- Tax rate of 3% on taxable income between $3,751 and $4,900.
- Tax rate of 4% on taxable income between $4,901 and $7,200.
- Tax rate of 5% on taxable income over $7,200.
For married taxpayers living and working in the state of Oklahoma:
- Tax rate of 0.5% on the first $2,000 of taxable income.
- Tax rate of 1% on taxable income between $2,001 and $5,000.
- Tax rate of 2% on taxable income between $5,001 and $7,500.
- Tax rate of 3% on taxable income between $7,501 and $9,800.
- Tax rate of 4% on taxable income between $9,801 and $12,200.
- Tax rate of 5% on taxable income over $12,200.
For the Single, Married Filing Jointly, Married Filing Separately, and Head of Household filing statuses, the OK tax rates and the number of tax brackets remain the same. Notice, however, the Oklahoma income tax brackets for Married Filing Jointly increase from $1,000 to $2,000 at 1%, and increase from $7,200 to $12,200 at 5% the highest tax bracket. For the first five income tax brackets, Married Filing Separately taxable income ranges are one half that of Married Filing Jointly in the state of Oklahoma.
Last updated: November 24, 2020
Oklahoma Gambling Tax Rate Increase