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Slide 1: • Includes Form 511 and Form 538-S (Oklahoma Resident Income Tax Return and Sales Tax Relief Credit Form) 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 This 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 packet contains: • Instructions for completing the 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 Form 511: Oklahoma resident 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 income tax return 2008 2008 2008 Form 511 income tax forms 2008 2008 2008 2008 2008 of Your 2008 2008 2008 2008 2008 2008 Online Filing 2008 • Two 2008 2008 2008Two Form 538-S: Sales 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 Tax Relief • Income Taxes • 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 Credit 2-D Fill-in 2008 2008 2008 2008 2008 2008 2008Instructions for the direct deposit option • 2008 2008 2008 2008 2008 2008 2008 2008 2008 Forms with Online Calculations 2008 2008 2008 2008 2008tables 2008 2008 2008 2008 2008 2008 2008 2008 2008 • 2008 income tax 2008 • • 2008 2008 2008 2008 2008 2008One return envelope 2008 2008 2008 2008 2008 2008Business 2008 2008 2008 QuickTax: 2008 Tax 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 Filing System Filing 2008 2008 2008 2008 date: 2008 2008 2008 2008 2008 2008 2008 2008 • 2008 2008 2008 2008 Download Forms 24/7 • Generally, 2008 2008 be 2008 2008 2008 2008 your return must2008 2008 2008 2008 2008 2008 2008 2008 2008 • postmarked 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 by April 15, 2009. View FAQs or Email the For further information, see the 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 OTC a Question • “Due Date” section on page 4. 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 Latest Tax News 2008 2008 2008 2008 2008 tax form? Need assistance or a 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008Check out page 2008 contact methods • 2008 2008 32 for 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 www.tax.ok.gov 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 for the Oklahoma Tax Commission. One Site 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 with Many Oklahoma Filing2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 Options 2008 Oklahoma Resident Individual Income Tax Forms and Instructions www.tax.ok.gov
Slide 2: What’s New in the 2008 Oklahoma Tax Booklet? • The top tax rate for 2008 has decreased. The top tax rate is shown in the Worksheet for Calculating Tax on page 31. • The Child Care Credit is expanded to include a Child Tax Credit component. See the instructions for line 15 on page 8 or for Schedule 511-E on page 19. • The percentage for the Civil Service Retirement in Lieu of Social Security exclusion has increased. See Schedule 511-A, line A3 instructions on page 13. • The income limits for the Other Retirement Income exclusion have increased. See the worksheet on page 14. • The Oklahoma Standard Deduction amounts have increased. See instructions for line 10 on page 8 or for Schedule 511-D on page 18. • The Oklahoma Capital Gain Deduction hs been expanded. See instructions for Schedule 511-A, line A12 on page 15. • There is a new deduction for individuals who donate a human organ while living. See the instructions for Schedule 511-C, line C7, number 6 on page 18. • You can make a donation for the Support of Programs for Regional Food Banks in Oklahoma from your tax refund. For further information, see Form 511, page 6. • Members, of a pass-through entity which has made payments to a captive real estate investment trust, should be aware of a possible add-back. See the instructions for Schedule 511-B, line B8 on page 16. • An additional exemption is allowed for those taxpayers who provide housing for Midwestern displaced individuals from a Midwestern disaster area. See instructions for Schedule 511-C, line C7, number 11 on page 18. Helpful Hints • File your return by April 15, 2009. See page 4 for information regarding extended due date for electronically filed returns. • If you need to file for an extension, use Form 504 and then later, file a Form 511. • Be sure to enclose copies of your Form(s) W-2, 1099 or other withholding statement with your return. Enclose all Federal schedules as required. Important: If you fill out any portion of the Schedules 511-A through 511-G or Form 538-S, you are required to enclose those pages with your return. Failure to include the pages will result in a delay of your refund. • Be sure to sign and date the return. If you are filing a joint return, both you and your spouse need to sign. • After filing, if you have questions regarding the status of your refund, please call (405) 521-3160. The in-state toll-free number is (800) 522-8165. • Do not enclose any correspondence other than those documents and schedules required for your return. • Regarding direct deposit of your refund, the Oklahoma Tax Commission will only issue one payment per bank account number. Therefore, if more than one refund is requested for direct deposit to the same bank account, the second and subsequent payments will be issued by paper check to the address shown on the tax return(s). Table of Contents Determining Your Filing Requirement ................. Residence Defined ............................................. Due Dates........................................................... Resident Income................................................. Who Must File..................................................... Not Required to File............................................ Refunds .............................................................. Net Operating Loss............................................. Estimated Income Tax ........................................ Extensions .......................................................... Amended Returns............................................... Top of Form Instructions ..................................... Form 511: Select Line Instructions ..................... When You Are Finished ...................................... Schedule 511-A Instructions ............................... Schedule 511-B Instructions ............................... Schedule 511-C Instructions............................... Schedule 511-D Instructions............................... Schedule 511-E Instructions ............................... Schedule 511-F Instructions ............................... Schedule 511-G Instructions .............................. Direct Deposit ..................................................... Tax Table ............................................................ Contact Information and Assistance ................... 3 4 4 4 4 5 5 5 5 6 6 6-7 8-12 12 13-15 15-16 17-18 18 19 19 19 19 20-31 32 Before You Begin You must complete your Federal income tax return before beginning your Oklahoma income tax return. You will use the information entered on your Federal return to complete your Oklahoma return. Remember, when completing your Oklahoma return, round all amounts to the nearest dollar. Example: $2.01 to $2.49 - round down to $2.00 $2.50 to $2.99 - round up to $3.00 2
Slide 3: Determining Your Filing Requirement If you do not meet the Federal filing requirements as shown in either Chart A or Chart B on this page, you are not required to file an Oklahoma tax return. However, if you have withholding or made estimated tax payments that you would like to have refunded, please follow the instructions on page 5, “Not Required to File”. Chart A: Federal Filing Requirements for Most People To use this chart, first find your filing status. Then read across to find your age at the end of 2008. You must file a return if your gross income was at least the amount shown in the last column. If your Filing Status Is... Single Married Filing Joint*** Married Filing Separate Head of Household Qualifying Widow(er) with a Dependent Child And your Age Is*... Under 65 65 or older Both under 65 One 65 or older Both 65 or older Any age Under 65 65 or older Under 65 65 or older And if your Gross Income Is...** $ 8,950 $10,300 $17,900 $18,950 $20,000 $ 3,500 $11,500 $12,850 $14,400 $15,450 *If you turned age 65 on January 1, 2009, you are considered to be 65 at the end of 2008. **Gross income means all the income you received in the form of money, goods, property, and services that is not exempt from Federal tax. Do not include social security benefits unless you are married filing separate and you lived with your spouse at any time in 2008. ***If you did not live with your spouse at the end of 2008 (or on the date your spouse died) and your gross income was at least $3,500, you must file a return regardless of your age. Chart B: Federal Filing Requirements for Children and Other Dependents If your parent (or someone else) can claim you as a dependent, use this chart to see if you must file a Federal return. In these charts, unearned income includes taxable interest and dividends. Earned income includes wages, tips, and taxable scholarships and fellowships. married dependents single dependents Were you either age 65 or older or blind? No. You must file a return if any of the following apply... • Your unearned income was over $900. • Your earned income was over $5,450. • The total of your unearned and earned income was more than the larger of: This amount $900 OR This amount Your earned income (up to $5,150) plus $300 Yes. You must file a return if any of the following apply... • Your earned income was over $6,800 ($8,150 if 65 or older and blind). • Your unearned income was over $2,250 ($3,600 if 65 or older and blind). • Your gross income was more than the larger of: •• $2,250 ($3,600 if 65 or older and blind), or •• Your earned income (up to $5,150) plus $1,650 ($3,000 if 65 or older and blind). Were you either age 65 or older or blind? No. You must file a return if any of the following apply... • Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. • Your unearned income was over $900. • Your earned income was over $5,450. • The total of your unearned and earned income was more than the larger of: This amount $900 OR This amount Your earned income (up to $5,150) plus $300 Yes. You must file a return if any of the following apply... • Your earned income was over $6,500 ($7,550 if 65 or older and blind). • Your unearned income was over $1,950 ($3,000 if 65 or older and blind). • Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. • Your gross income was more than the larger of: •• $1,950 ($3,000 if 65 or older and blind), or •• Your earned income (up to $5,150) plus $1,350 ($2,400 if 65 or older and blind). 3
Slide 4: Residence Defined Resident... An Oklahoma resident is a person domiciled in this state for the entire tax year. “Domicile” is the place established as a person’s true, fixed, and permanent home. It is the place you intend to return to whenever you are away (as on vacation abroad, business assignment, educational leave or military assignment). A domicile, once established, remains until a new one is adopted. Due Date Generally, your Oklahoma income tax return is due April 15th, the same day as your Federal return. However: • If you file your return electronically (through a preparer or the internet), your due date is extended to April 20th. Any payment of taxes due on April 20th must be remitted electronically in order to be considered timely paid. If the balance due on an electronically filed return is not remitted electronically, penalty and interest will accrue from April 15th. • If the Internal Revenue Code of the IRS provides for a later due date, your return may be filed by the later due date and will be considered timely filed. You should write the appropriate “disaster designation” as determined by the IRS at the top of the return, if applicable. If a bill is received for delinquent penalty and interest, you should contact the Account Maintenance Division of the Oklahoma Tax Commission at the number on the bill. • If the due date falls on a weekend or legal holiday, your return is due the next business day. Your return must be postmarked by the due date to be considered timely filed. Part-Year Resident... A part-year resident is an individual whose domicile was in Oklahoma for a period of less than 12 months during the tax year. Nonresident... A nonresident is an individual whose domicile was not in Oklahoma for any portion of the tax year. Members of the Armed Forces... Residency is established according to military domicile as established by the Soldiers’ and Sailors’ Civil Relief Act. If you were an Oklahoma resident at the time you entered military service, assignment to duty outside Oklahoma does not of itself change your state of residence. You must file your return as a resident of Oklahoma until such time as you establish a permanent residence in another state and change your military records (as evidenced by the military’s Form DD2058). See the specific instructions for Schedule 511-C, line C1 - Partial Military Pay Exclusion. When the spouse of a military member is a civilian, most states, Oklahoma included, allow the spouse to retain the same legal residency as the military member. They file a joint resident tax return in the military members’ State of Legal Residency (if required) and are taxed jointly under nonresident rules as they move from state to state. If the non-military spouse does not wish to choose the allowed residency of the military member, then the same residency rules apply as would apply to any other civilian. The spouse would then comply with all residency rules where living. An Oklahoma resident filing a joint Federal return with a nonresident spouse may have options on how to file the Oklahoma return(s). See “Filing Status” in the “Top of Form Instructions” on page 7 for further information. Looking for a Fast Refund? File your tax returns online for the fastest refund. Visit our website for links to Oklahoma approved online filing options. www.tax.ok.gov Who Must File? Resident... Every Oklahoma resident who has sufficient gross income to require the filing of a Federal income tax return is required to file an Oklahoma return, regardless of the source of income. If you do not have a filing requirement, but have Oklahoma tax withheld, made estimated tax payments, qualify for the Tornado Tax Credit, or claim earned income credit, see the next section “Not Required to File” for further instructions. If you are uncertain about your filing requirement, please see the charts on page 3. What Is “Resident Income”? An Oklahoma resident individual is taxed on all income reported on the Federal return, except income from real and tangible personal property located in another state, income from business activities in another state, or the gains/losses from the sales or exchange of real property in another state. Note: Residents are taxed on all income from non-business interest and dividends, salaries, commissions and other pay for personal services regardless of where earned. Wages earned outside of Oklahoma must be included in your Oklahoma return, and credit for taxes paid other states claimed on Oklahoma Form 511TX. (See Form 511, line 16) Part-Year Resident... Every part-year resident, during the period of residency, has the same filing requirements as a resident. During the period of nonresidency, an Oklahoma return is also required if the Oklahoma part-year resident has gross income from Oklahoma sources of $1,000 or more. Use Form 511NR. Nonresident... 4 Every nonresident with gross income from Oklahoma sources of $1,000 or more is required to file an Oklahoma income tax return. Use Form 511NR.
Slide 5: Not Required to File Did you have sufficient gross income to require you to file a Federal return? Net Operating Loss The loss year return must be filed to establish the Oklahoma Net Operating Loss (NOL). Oklahoma NOL shall be separately determined by reference to Section 172 of the Internal Revenue Code as modified by the Oklahoma Income Tax Act and shall be allowed without regard to the existence of a Federal NOL. Enclose a detailed schedule showing the origin and NOL computation. Residents use Oklahoma 511 NOL Schedules. Also enclose a copy of the Federal NOL computation. Beginning with tax year 2001, NOLs may be carried forward and back in accordance with Section 172 of the Internal Revenue Code. For tax years 1996-2000, NOLs may not be carried back but may be carried forward for a period of time not to exceed 15 years. Beginning with tax year 2000, an NOL resulting from a farming loss may be carried back in accordance with and to the extent of Section 172(b)(G) of the Internal Revenue Code. However, the amount of the NOL carryback shall not exceed the lesser of: $60,000, or the loss properly shown on the Federal Schedule F reduced by half of the income from all other sources other than reflected on Schedule F. You can choose to treat the NOL as if it were not a farming loss. If you make this choice, the carryback period will be determined by reference to Section 172 of the Internal Revenue Code and the amount of the NOL carryback will not be limited. An election may be made to forego the carryback period. A written statement of the election must be part of the original timely filed Oklahoma loss year return. However, if you filed your return on time without making the election, you may still make the election on an amended return filed within six months of the due date of the return (excluding extensions). Attach the election to the amended return. Once made, the election is irrevocable. The Oklahoma NOL(s) shall be subtracted on Schedule 511-A, line 9 or Form 511X, line 2. The Federal NOL(s) shall be added on Schedule 511-B, line 4 or Form 511X, line 6. step one Yes - You are required to file an Oklahoma return. Follow the instructions on pages 6-19 to help you complete your Oklahoma return (Form 511). No - Go to step 2. Did you have any Oklahoma withholding, make Oklahoma estimated tax payments, qualify for the Tornado Tax Credit, or claim earned income credit? step two Yes - Go to step 3. No - You are not required to file an Oklahoma return (Form 511). You may still qualify to file for sales tax relief, see the instructions on the back of Form 538-S. step three You should file an Oklahoma tax return. Complete the Form 511 as follows: • Fill out the top portion of the Form 511 according to the “Top of Form Instructions” on pages 6 and 7. Be sure and check the box “Not Required to File”. • Complete line 1. Enter the amount of your gross income subject to the Federal filing requirement. In most cases this will be the same as your Federal Adjusted Gross Income. (Do not complete lines 2-20) • Complete lines 21 through 39 that are applicable to you. If you qualify for the Federal earned income credit, you qualify for the Oklahoma earned income credit. Enter 5% of the Federal earned income credit on Form 511, line 29 (do not complete Schedule 511-F). • Sign and mail Form 511, pages 1 and 2 only. Do not mail pages 3 and 4. Only send in page 5 if you have completed Schedule 511-G. Be sure to include your W-2, 1099 or other withholding statement to substantiate any Oklahoma withholding. All About Refunds You can check the status of your refund by telephone. Simply call us at (405) 521-3160 or in-state toll free at (800) 522-8165, and select the option to “Check the Status of an Income Tax Refund”. By providing your SSN and amount of your refund, the system will provide you with the status of your refund. For electronically filed returns, please wait 10 days before calling. For paper filed returns, please wait six weeks before calling. Should you have questions during your call, you will have the option to speak with an OTC representative. You may have your refund deposited directly into your checking or savings account. See page 19 for more information. A refund check is not your only option when filing a timely return. You may choose to have any amount of overpayment applied to your next year’s estimated tax. Refunds applied to the following year’s Oklahoma estimated income tax (at the taxpayer’s request) may not be adjusted after the original due date of the return. Estimated Income Tax You must make equal* quarterly estimated tax payments if you can reasonably expect your tax liability to exceed your withholding by $500 or more and you expect your withholding to be less than the smaller of: 1. 70% of your current year’s tax liability, or 2. The tax liability shown on your return for the preceding taxable year of 12 months. Taxpayers who fail to make timely estimated tax payments may be subject to interest on underpayment. Form OW-8-ES, for filing estimated tax payments, will be supplied on request. If at least 66-2/3% of your gross income for this year or last year is from farming, estimated payments are not required. If claiming this exception, please see instructions for line 24. Estimated payments can be made through the Oklahoma Tax Commission website by e-check or credit card. Visit the “Payment Options” section at www.tax.ok.gov. * For purposes of determining the amount of tax due on any of the respective dates, taxpayers may compute the tax by placing taxable income on an annualized basis. See Form OW-8-ES-SUP. 5
Slide 6: What Is an “Extension”? A valid extension of time in which to file your Federal return automatically extends the due date of your Oklahoma return if no Oklahoma liability is owed. A copy of the Federal extension must be enclosed with your Oklahoma return. If your Federal return is not extended or an Oklahoma liability is owed, an extension of time to file your Oklahoma return can be granted on Form 504. 90% of the tax liability must be paid by the original due date of the return to avoid penalty charges for late payment. Interest will be charged from the original due date of the return. When to File an Amended Return If your Federal return for any year is changed, an amended Oklahoma return shall be filed within one year. File Oklahoma Form 511X and enclose a copy of the Federal Form 1040X, 1045, RAR or other IRS notice, correspondence and/or documentation. Part-year and nonresidents shall use Form 511NR. Please enclose a copy of the IRS refund or statement of adjustment. If you discover an error made on your Oklahoma return, we may be able to help you correct the return. For additional information, please call our Taxpayer Assistance Division at (405) 521-3160. Within Oklahoma, call toll-free (800) 522-8165. Form 511X can be downloaded from the website at www.tax. ok.gov. Top of Form Instructions State of Oklahoma This form is for full-year residents only. Part-year and nonresidents, use Form 511NR. The due date for this form is the 15th day of the fourth month after the close of the taxable year. Your Social Security Number B C Check box if this taxpayer is deceased Last name Spouse’s Social Security Number (joint return only) B Your first name and middle initial If a joint return, spouse’s first name and middle initial Last name Mailing address (number and street, including apartment number or rural route) City, State and Zip Check this box if you do not have sufficient gross income to require you to file a Federal return. (see instructions) + 1 _____ Single 2 _____ Married filing joint return (even if only one had income) 3 _____ Married filing separate • If spouse is also filing, list SSN and name in box: 4 _____ Head of household with qualifying person 5 _____ Qualifying widow(er) with dependent child • Please list the year spouse died in box at right: see + instructions see + instructions FORM A Check box if this taxpayer is deceased 2 0 0 8 F = + D G = = = Please Note: E A B If you are not required to file, see page 5 of instructions. Yourself Spouse (Please see instructions) If you may be claimed as a dependent on another return, enter “0” for your regular exemption. = Round to Nearest Whole Dollar 00 00 Oklahoma Subtractions (enclose Schedule 511-A) . . . . . . . . . . . . . . . . . . . Line 1 minus line 2 . . . .Space. . . . . . . . . . . . . . . . . . . . . . . . . . . .Name and Address 00 ........ .... Do Not Write in this 00 Out-of-state income, except wages (enclose Federal schedule with description) . . . The barcode near the form number contains a page notation If line 7 is If. you .received. a .booklet with a preprinted label on 00 back, the Line 3 minus line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . signifying different thanpage of a new return for processing equipthe first please use the center portion of that label here on your form. line 1, enclose 00 Oklahoma Additions (enclose Schedule 511-B) . . . . . . . . . . . . . . . . . . . . . . ment use.aTheof copy blank area is used for processing notations. Using the label will speed the processing of your return. Otheryour Federal in these areas. adjusted gross income (line 5 plus line 6) . . . . . . . . . . . . . . . . 00 Oklahoma Please do not write wise, please print or type the requested information. Federal adjusted gross income (from Federal 1040, 1040A, or 1040EZ) . . C return. Social Security Number Oklahoma Oklahoma Adjustments if you file marPlease enter your social security number. Also, (enclose Schedule 511-C) . . . . . . . . . . . . . . . . . . . . have to file a return for the Standard ried filing joint, please enter your spouse’s social security num- 7 minus line 8) . . . . . . . . . . . . . . . Oklahoma income after adjustments (line Deduction: Check the appropriate box ber in the space provided. • Single or STOP AND READ: If line 4 is zero, complete lines 10-11. If line 4 is more than zero, see Schedule 511-D and do not complete lines 10-11. Note: If you are filing married filing separate, do not enter your Married Filing Continued 00 page 7... on Oklahoma standard in Item D. spouse’s social security number here. Enterdeduction or Federal itemized deductions . . . . . . . . . . Separate: $3,250 Exemptions ($1000 x total number of exemptions claimed above) . . . . . . . . 00 • Married Filing Joint or Qualifying If a taxpayer died before filing a return, the executor, administrator or surviving spouse may 00 decedent. 00 in the SSN area (see B). 6 Total deductions and exemptions (add lines 10 and 11 or amount from Sch. 511-D, line 5) . Oklahoma Taxable Income (line 9 minus line 12) . . . . . . . . . . . . . . . . . . . 00 00
Slide 7: Top of Form Instructions D Filing Status F Not Required to File, continued Complete lines 21 through 39 that are applicable to you. If you qualify for the Federal earned income credit, you qualify for the Oklahoma earned income credit. Enter 5% of the Federal earned income credit on Form 511, line 29 (do not complete schedule 511-F). Sign and mail the return. Be sure to include your W-2, 1099 or other withholding statement to substantiate any Oklahoma withholding. Note: If you do not have sufficient gross income to require you to file a Federal return and you did not have Oklahoma tax withheld, made estimated tax payments or qualify for Oklahoma earned income credit or Tornado Tax credit, do not file an Oklahoma return. The filing status for Oklahoma purposes is the same as on the Federal income tax return, with one exception. This exception applies to married taxpayers who file a joint Federal return where one spouse is a full-year Oklahoma resident (either civilian or military), and the other is a full-year nonresident civilian (non-military). In this case, the taxpayers must either: 1. File as Oklahoma married filing separate. The Oklahoma resident, filing a joint Federal return with a nonresident civilian spouse, may file his/her Oklahoma return as married filing separate. The resident will file on Form 511 using the married filing separate rates and reporting only his/her income and deductions. If the nonresident civilian also has an Oklahoma filing requirement, he/she will file on Form 511NR, using married filing separate rates and reporting his/her income and deductions. Form 574 “Allocation of Income and Deductions” must be filed with the return(s). You can obtain this form by calling our forms request line at (405) 521-3108 or from our website at www.tax.ok.gov. -OR2. File, as if both the resident and the nonresident civilian were Oklahoma residents, on Form 511. Use the “married filing joint” filing status, and report all income. A tax credit (Form 511TX) may be used to claim credit for taxes paid to another state, if applicable. A statement should be attached to the return stating the nonresident is filing as a resident for tax purposes only. If an Oklahoma resident (either civilian or military) files a joint Federal return with a nonresident military spouse, they shall use the same filing status as on the Federal return. If they file a joint Federal return, they shall complete Form 511NR and include in the Oklahoma amount column, all Oklahoma source income of both the resident and the nonresident. G Exemption Terms Exemptions To the right of the word “Yourself” place a number “1” in all the boxes that apply to you. Next total the boxes. Then do the same for your spouse if applicable. Regular*: The same exemptions as claimed on your Federal return. Special: An additional exemption may be claimed for each taxpayer or spouse who meets the qualifications based on filing status and Federal adjusted gross income limits** below and who is 65 years of age or over at the close of the tax year: (1) Single return with line 1 equal to $15,000 or less. (2) Joint return with line 1 equal to $25,000 or less. (3) Married filing separate return with line 1 equal to $12,500 or less. (4) Head of household return with line 1 equal to $19,000 or less. E F Sixty-five or Over Check the box(es) if your, or your spouse’s, age is 65 on or before December 31, 2008. If you turned age 65 on January 1, 2009, you are considered to be age 65 at the end of 2008. Not Required to File **Note: If your Federal adjusted gross income includes income from the conversion of a traditional individual retirement account to a Roth individual retirement account this income shall be excluded in determining the Federal adjusted gross income limits. Enclose a copy of your Federal return and Form 8606. Blind: An additional exemption may be claimed for each taxpayer or spouse who is legally blind. Dependents: If claiming dependents, please enter the same number as on your Federal return. However, if the nonresident spouse also has an Oklahoma filing requirement and is filing separately on Form 511NR, the dependency exemptions will be allocated between the resident’s and nonresident’s returns. Check the box, if you do not have sufficient gross income to require you to file a Federal return, and you had Oklahoma tax withheld, made estimated tax payments or qualify for Oklahoma earned income credit or Tornado Tax credit. Finish the top portion of the return by completing the “Exemptions” section (part G on the diagram on page 6). Complete line 1. Enter the amount of your gross income subject to the Federal filing requirement. In most cases this will be the same as your Federal Adjusted Gross Income. (Do not complete lines 2-20.) * 7 Please note that if you may be claimed as a dependent on another return, enter zero for your regular exemption. You still qualify for the Oklahoma standard deduction.
Slide 8: Select Line Instructions Enter your Federal Adjusted Gross Income from your Federal return. This can be from any one of the following forms: 1040, 1040A or 1040EZ. If you do not have an Oklahoma filing requirement, see page 5. Enter the total from Schedule 511-A, line 14. See Schedule 511A instructions on pages 13-15. 1 Federal Adjusted Gross Income 14 Oklahoma Income Tax Using Form 511, line 13, find your tax in the Tax Table (pages 20-31). Enter the result here unless you used Form 573 “Farm Income Averaging”. If you used Form 573, enter the amount from Form 573, line 28, and enter a “1” in the box. Amounts withdrawn from a Health Savings Account for any purpose other than those described in Title 36 O.S. Section 6060.17 and which are included in your Federal adjusted gross income are subject to an additional 10% tax. Add the additional 10% tax to your tax from the tax table* and enter a “2” in the box. * If you also used Form 573, add the 10% tax to the tax from Form 573, line 28. 2 Subtractions 4 Out-of-State Income This is income from real or tangible personal property or business income in another state. This includes partnership gains and gains sustained by S corporations attributable to other states. It is not non-business interest, installment sale interest, non-business dividends, salary/wages, pensions, gambling or income from personal services. (See instructions for line 16.) Furnish detailed schedule showing the type, nature and source of the income and copy of Federal return. Documents submitted should reflect to which state(s) the income is attributable. Enclose the other state’s return and/or Schedule K-1, if applicable. 6 Additions Enter the total from Schedule 511-B, line 9. See Schedule 511-B instructions on page 15-16. 8 Adjustments Enter the total from Schedule 511-C, line 8. See Schedule 511-C instructions on pages 17-18. 10 Deductions Complete line 10 unless you have out-of-state income (Form 511, line 4). If you have out-of-state income, complete Schedule 511D instead of line 10. • Enter the Oklahoma standard deduction if you did not claim itemized deductions on your Federal return. If your filing status is “single” or “married filing separate”, your Oklahoma standard deduction is $3,250. If your filing status is “head of household”, your Oklahoma standard deduction is $4,875. If your filing status is “married filing joint” or “qualifying widow(er)”, your Oklahoma standard deduction is $6,500. Note: You qualify for the Oklahoma standard deduction even when claimed as a dependent on another return. • If you claimed itemized deductions on your Federal return (Form 1040, Schedule A), enter the amount of your allowable itemized deductions. (Enclose a copy of your Federal Schedule A.) Complete line 11 unless you have out-of-state income (Form 511, line 4). If you have out-of-state income, complete Schedule 511D instead of line 11. Oklahoma allows $1,000 for each exemption claimed on the top of the return. 15 Child Care/Child Tax Credit Complete line 15 unless your Oklahoma Adjusted Gross Income (Form 511, line 7) is less than your Federal Adjusted Gross Income (Form 511, line 1). If your Oklahoma Adjusted Gross Income is less than your Federal Adjusted Gross Income, complete Schedule 511-E to determine the amount to enter on line 15. If your Federal Adjusted Gross Income is $100,000 or less and you are allowed either a credit for child care expenses or the child tax credit on your Federal return, you are allowed a credit against your Oklahoma tax. Your Oklahoma credit is the greater of: • 20% of the credit for child care expenses allowed by the Internal Revenue Code. Your allowed Federal credit cannot exceed the amount of your Federal tax reported on your Federal return. or • 5% of the child tax credit allowed by the Internal Revenue Code. This includes both the nonrefundable child tax credit and the refundable additional child tax credit. If your Federal Adjusted Gross Income is greater than $100,000, no credit is allowed. 16 Credit for Tax Paid to Another State If you receive income for personal services from another state, you must report the full amount of such income on your Oklahoma return. If the other state also taxes the income, a credit is allowed on Form 511. Complete Oklahoma Form 511TX and furnish a copy of the other state(s) return, or Form W-2G if the taxing state does not allow a return to be filed for gambling winnings (example: Mississippi). Note: Taxpayers who have claimed credit for taxes paid to another state on the other state’s income tax return do not qualify to claim this credit based on the same income. 11 Exemptions 12 Total Deductions and Exemptions If you completed lines 10 and 11, enter the total on line 12. If you instead completed Schedule 511-D, enter the total from line 5 of Schedule 511-D. 8 17 Credit for Biomedical Research Contribution A credit is allowed to any taxpayer who makes a donation to a qualified independent biomedical research institute. The credit is 50% of the amount donated, but may not exceed $1,000 for each individual taxpayer or $2,000 for taxpayers filing a joint return. Any credit allowed, but not used, will have a four-year carryover provision. An “independent biomedical research institute” means an organization which is exempt from taxation under the Internal Revenue Code section 501(c)(3) whose primary focus is conducting peer-reviewed basic biomedical research. The organization shall have a board of directors, be able to accept grants in its own name, be an identifiable institute that has its own employees and administrative staff, and receive at least $15 million in National Institute of Health funding each year. A copy of the canceled check or receipt must be provided as proof of the donation. Title 68 O.S. Section 2357.45.
Slide 9: Select Line Instructions The amount of other credits as claimed on Form 511CR should be entered on this line. Enter in the box the number that corresponds with the credit to which you are entitled. If you qualify for more than one type of credit, enter “99” in the box. See below for a list of the credits available on Form 511CR. You can obtain this form by calling our forms request line at (405) 521-3108 or from our website at www.tax.ok.gov. • Oklahoma Investment/New Jobs Credit Enclose Form 506. Title 68 O.S. Section 2357.4 and Rule 710:50-15-74. • Coal Credit Title 68 O.S. Section 2357.11 and Rule 710:50-15-76. • Credit for Energy Assistance Fund Contribution Title 68 O.S. Section 2357.6. • Venture Capital Credit Title 68 O.S. Section 2357.7,8 and Rule 710:50-15-77,78. • Credit for Conversion of a Motor Vehicle to Clean Burning Fuels or for Investment in Qualified Electric Motor Vehicle Property Title 68, O.S. Section 2357.22 and Rule 710:50-15-81. • Credit for Hazardous Waste Disposal Title 27A O.S. Section 2-11-303 and Rule 710:50-15-75. • Credit for Qualified Recycling Facility Title 68 O.S. Section 2357.59 and Rule 710:50-15-84. • Small Business Capital Credit Enclose Form 527-A. Title 68 O.S. Section 2357.60 - 2357.65 and Rule 710:50-15-86. • Oklahoma Agricultural Producers Credit Enclose Form 520. Title 68 O.S. Section 2357.25 and Rule 710:50-15-85. • Small Business Guaranty Fee Credit Enclose Form 529. Title 68 O.S. Section 2357.30. • Credit for Employers Providing Child Care Programs Title 68 O.S. Section 2357.26 and Rule 710:50-15-91. • Credit for Entities in the Business of Providing Child Care Services Title 68 O.S. Section 2357.27. • Credit for Food Service Establishments that Pay for Hepatitis A Vaccination for their Employees Title 68 O.S. Section 2357.33. • Credit for Commercial Space Industries Title 68 O.S. Section 2357.13. • Credit for Nonstop Air Service from Oklahoma to the Coast Title 68 O.S. Section 2357.28. • Credit for Tourism Development Title 68 O.S. Section 2357.34 - 2357.40. • Oklahoma Local Development and Enterprise Zone Incentive Leverage Act Credit Title 68 O.S. Section 2357.81. • Credit for Qualified Rehabilitation Expenditures Title 68 O.S. Section 2357.41 and Rule 710:50-15-108. 18 Other Credits Electronic Payments Paper checks are not your only option when paying your balance due. Log on to www.tax.ok.gov and visit the “Payment Options” link to make a payment electronically. All electronic payment methods provide you with a confirmation number and the peace of mind in knowing your payment was received. • Credit for Space Transportation Vehicle Provider Title 68 O.S. Section 2357.42 and Rule 710:50-15-93. • Rural Small Business Capital Credit Enclose Form 526-A. Title 68 O.S. Section 2357.71 - 2357.76 and Rule 710:50-15-87. • Credit for Electricity Generated by Zero-Emission Facilities Title 68 O.S. Section 2357.32A. • Credit for Financial Institutions Making Loans under the Rural Economic Development Loan Act Title 68 O.S. Section 2370.1. • Credit for Manufacturers of Small Wind Turbines Title 68 O.S. Section 2357.32B and Rule 710:50-15-92. • Credit for Qualified Ethanol Facilities Title 68 O.S. Section 2357.66 and Rule 710:50-15-106. • Poultry Litter Credit Title 68 O.S. Section 2357.100 and Rule 710:50-15-95. • Volunteer Firefighter Credit Enclose the Oklahoma State Firefighter Association’s form: Form 1A or Form 1B. Title 68 O.S. Section 2385.7 and Rule 710:50-15-94. • Credit for Qualified Biodiesel Facilities Title 68 O.S. Section 2357.67 and Rule 710:50-15-98. • Film or Music Project Credit Enclose Form 562. Title 68 O.S. Section 2357.101 and Rule 710:50-15-101. • Credit for Breeders of Specially Trained Canines Title 68 O.S. Section 2357.203 and Rule 710:50-15-97. • Credit for Wages Paid to an Injured Employee Title 68 O.S. Section 2357.47 and Rule 710:50-15-107. • Credit for Modification Expenses Paid for an Injured Employee Title 68 O.S. Section 2357.47 and Rule 710:50-15-107. • Dry Fire Hydrant Credit Title 68 O.S. Section 2357.102 and Rule 710:50-15-99. • Credit for the Construction of Energy Efficient Homes Title 68 O.S. Section 2357.46 and Rule 710:50-15-104. • Credit for Railroad Modernization Title 68 O.S. Section 2357.104 and Rule 710:50-15-103. • Research and Development New Jobs Credit Enclose Form 563. Title 68 O.S. Section 54006 and Rule 710:50-15-105. 9
Slide 10: Select Line Instructions 21 Oklahoma Use Tax Every state with a sales tax has a companion tax for purchases made outside the state. In Oklahoma, that tax is called “use tax”. If you have purchased items for use in Oklahoma from retailers who do not collect Oklahoma sales tax whether by mail order, catalog, television shopping networks, radio, Internet, phone or in person, you owe Oklahoma use tax on those items. Use tax is paid by the buyer when the Oklahoma sales tax has not been collected by the seller. Individuals in Oklahoma are responsible for paying use tax on their out-of-state purchases. Examples of items that are subject to sales tax include books, compact discs, computer equipment, computer software, electronics, clothing, appliances, furniture and other home furnishings, sporting goods and jewelry. When an out-of-state retailer does not collect Oklahoma sales tax, the responsibility of paying the tax falls on the purchaser. Use tax is calculated at the same rate as sales tax, which varies by city and county. The state sales tax rate is 4.5% (.045) plus the applicable city and/or county rates. If you do not know the exact amount of Oklahoma use tax you owe based on your city and county sales tax rate, you can either: 1. Use the tax table on page 11 or multiply your Adjusted Gross Income from line 1 by 0.056% (.00056), or Use one of the worksheets below to calculate your Oklahoma use tax. Complete Worksheet One if you kept records of all of your out-of-state purchases. Complete Worksheet Two if you did not keep records of all of your out-of-state purchases. Worksheet Two has two parts; the first part is a calculation of the amount due on items that cost less than $1,000 each and the second part is a calculation of the amount due on items that cost $1,000 or more each. The first calculation is based on a Use Tax Table that reflects the estimated amount of use tax due by taxpayers with varying amounts of Federal Adjusted Gross Income. The estimated amount is 0.056% (.00056) of Federal adjusted gross income. If you believe that estimate from the table is too high for your out-of-state purchases, you may estimate what you think you owe. If you paid another state’s sales or use tax on any purchase, that amount may be credited against the Oklahoma use tax due on that purchase. Note: Your use tax worksheets may be reviewed. If it is determined that you owe more use tax than what is shown on your return, you may be subject to an assessment for the additional use tax. 2. See Page 11 for the Oklahoma Use Tax Table Use Tax Worksheet One For Taxpayers Who Have Records of All Out-of-State Purchases 1 2 3 4 Enter the total amount of out-of-state purchases for 1/1/08 through 12/31/08 .............................. Multiply line 1 by 7% (.07) or your local rate* and enter the amount ............................................. Enter the tax paid to another state on the purchases. This amount may not exceed the amount on line 2 ............................................................................................................................ Subtract line 3 from line 2 and enter the results, rounded to the nearest whole dollar, here and on Form 511, line 21 ...................................................................................................... 1 2 3 4 Use Tax Worksheet Two For Taxpayers Who Do Not Have Records of All Out-of-State Purchases 1 Purchases of items costing less than $1,000: See the Use Tax Table on page 11 to establish the use tax due based on your Federal adjusted gross income from Form 511, line 1 ................................................................................................................... Purchases of items costing $1,000 or more: Complete lines 2a and 2b below to calculate the amount of use tax owed. 2a Enter the total amount of out-of-state purchases 2a of $1,000 or more for 1/1/08 through 12/31/08 .............. 2b Multiply line 2a by 7% (.07) or your local rate* 2b and enter the amount .................................................... Add lines 1 and 2b and enter the total amount of use tax ............................................................. Enter the tax paid to another state on the purchases. This amount may not exceed the ........... amount on line 3 ........................................................................................................................... Subtract line 4 from line 3 and enter the results, rounded to the nearest whole dollar, here and on Form 511, line 21 ..................................................................................................... 3 4 5 1 2 3 4 5 * Use tax is calculated the same as sales tax. Your local rate would be the state sales tax rate of 4.5% (.045) plus the applicable city and/ or county rate based on where you lived when the purchase was made. The rate charts can be found on the web at: www.tax.ok.gov. 10
Slide 11: Select Line Instructions Use Tax Table If Federal Adjusted Gross Income (Form 511, line 1) is: At least But less than Your Use Tax Amount is: Enter any payments you made on your estimated Oklahoma income tax for 2008. Include any overpayment from your 2007 return that you applied to your 2008 estimated tax. If at least 66-2/3% of your gross income this year or last year is from farming, estimated payments are not required. If claiming this exception, you must mark the box on this line and enclose a complete copy of your Federal return. For information regarding who is required to make estimated tax payments, refer to page 5, “Estimated Income Tax”. 24 Oklahoma Estimated Tax Payments 0 2,090 4,670 6,420 8,170 9,920 11,795 13,545 15,295 17,170 18,920 20,670 22,420 24,295 26,045 27,795 29,670 31,420 33,170 34,920 36,795 38,545 40,295 42,170 43,920 45,670 47,420 49,295 51,045 52,795 54,670 2,090 4,670 6,420 8,170 9,920 11,795 13,545 15,295 17,170 18,920 20,670 22,420 24,295 26,045 27,795 29,670 31,420 33,170 34,920 36,795 38,545 40,295 42,170 43,920 45,670 47,420 49,295 51,045 52,795 54,670 and over 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 multiply Federal AGI times 0.00056 If you filed Oklahoma extension Form 504 for 2008, enter any amount you paid with that form. 25 Payment with Extension Any person 65 years of age or older or any totally disabled person who is head of a household, a resident of and domiciled in this state during the entire preceding calendar year, and whose gross household income for such year does not exceed $12,000, may file a claim for property tax relief on the amount of property taxes paid on the household occupied by such person during the preceding calendar year. The credit may not exceed $200. Claim must be made on Form 538-H. 26 Credit for Property Tax Relief If you are required to file an Oklahoma income tax return, your return must be filed by April 15th. An extension of time to file your return, including the April 20th due date for electronically filed returns, does apply to this credit. To file for sales tax relief, you must be an Oklahoma resident for the entire year. Your total gross household income cannot exceed $20,000 unless one of the following applies: • You can claim an exemption for your dependent, or • You are 65 years of age or older by 12/31/08, or • You have a physical disability constituting a substantial handicap to employment (provide proof, see Form 538-S). If any one of the above three items pertains to you, your total gross household income limit is increased to $50,000. Fill out and enclose Form 538-S if you qualify for this credit. The Form 538-S is included in this packet. The Oklahoma Department of Human Services will make the sales tax refund to persons who have continuously received aid to the aged, blind, disabled or Medicaid payments for nursing home care from January 1, 2008 to December 31, 2008. Persons who have received temporary assistance for needy families (TANF) for any month in the year of 2008 are not eligible for the sales tax refund. A person convicted of a felony shall not be permitted to file a claim for sales tax relief for any year for which that person is an inmate in the custody of the Department of Corrections for any part of that year. 27 Sales Tax Relief/Credit Need a Little Extra Time? Taxpayers who file and pay their returns electronically (either through the internet or with a paid preparer) have until April 20th to meet their Oklahoma filing obligation. For more information, see page 4 under “Due Date”. www.tax.ok.gov 11
Slide 12: Select Line Instructions 28 Tornado Tax Credits • October 9, 2001 Tornado Tax Credit This credit is for owners of residential real property whose primary residence was damaged or destroyed in the October 9, 2001 tornado. You must have claimed this credit in a previous year to claim the credit this year. Enclose a copy of the previous year’s Form 509. • May 8 or 9, 2003 Tornado Tax Credit This credit is for owners of residential real property whose primary residence was damaged or destroyed in the May 8 or 9, 2003 tornado. You must have claimed this credit in a previous year to claim the credit this year. Enclose a copy of the previous year’s Form 575. If you owe underpayment of estimated tax interest and you have an overpayment (line 31), enter the amount of underpayment of estimated tax interest on this line (line 37) and reduce the amount you are applying to estimated tax (line 32) or your refund (line 35) by that same amount (but not less than zero). You will be using your overpayment to pay your underpayment of estimated tax interest. Do not enclose a payment unless you still have a balance due after applying all of your overpayment. 29 Earned Income Credit Complete line 29 unless your Oklahoma adjusted gross income (Form 511, line 7) is less than your Federal adjusted gross income (Form 511, line 1). If your Oklahoma adjusted gross income is less than your Federal adjusted gross income, complete Schedule 511-F* to determine the amount to enter on line 29. You are allowed a credit equal to 5% of the earned income credit allowed on your Federal return. Enclose a copy of your Federal return. *Note: If you are not required to file an Oklahoma return, but you qualify for the Federal earned income credit, you qualify for Oklahoma earned income credit. Enter 5% of the Federal earned income credit (do not complete Schedule 511-F). Schedule 511-G provides you with the opportunity to make a financial gift from your refund to a variety of Oklahoma organizations. Please note that this reduces your refund if you choose to donate. The donation will be forwarded to the appropriate agency. See Schedule 511-G for more information. Place the line number of the organization from Schedule 511-G in the oval at line 33. If giving to more than one organization, put a “99” in the oval at line 33 and attach the Schedule 511-G showing how you wish the donations to be divided. 38 Delinquent Penalty and Interest After the original due date of the return compute 5% penalty on the income tax due (line 36 minus line 21). Compute interest on the income tax due at 1.25% per month from the original due date of the return. An extension does not extend the date for payment of tax. Note: If you have a valid extension of time to file your return, delinquent penalty is not due if 90% of your income tax was paid by the original due date of the return. Delinquent interest is due on any income tax not paid by the original due date of the return. Title 68, Oklahoma Statutes, provides that any term used in this Act shall have the same meaning as when used in a comparable context in the Internal Revenue Code, except when specifically provided for in the Oklahoma Statutes or rules. When You Are Finished... • If you owe taxes, please enclose a check or money order payable to “Oklahoma Tax Commission”. Your Social Security Number and the tax year should be on your check or money order for your payment to be properly credited. Do not send cash. • For information regarding electronic payment methods, please visit our website at www.tax.ok.gov. • Enclose W-2s, 1099s or other withholding statements to substantiate withholding. • Math errors are the most common cause of a refund delay. Please double check your calculations. • After filing, if you have any questions regarding your refund, please contact us at (405) 521-3160. The in-state toll-free number is (800) 522-8165. 33 Donations 37 Underpayment of Estimated Tax Interest You were required to make estimated tax payments if your income tax liability exceeds your withholding by $500 or more. To avoid the 20% Underpayment of Estimated Tax Interest, timely filed quarterly estimated tax payments and withholding are required to be the smaller of: • 70% of the current year tax liability, or • 100% of your prior year tax liability. The income tax liability is the Oklahoma income tax due less all credits except amounts paid on withholding, estimated tax and extension payments. Note: No Underpayment of Estimated Tax Interest shall be imposed if the income tax liability shown on the return is less than $1,000. If you do not meet one of the above exceptions, you may complete Form OW-8-P or the Oklahoma Tax Commission will figure the interest for you and send you a bill. Important: If you fill out any portion of the Schedules 511-A through 511-G or Form 538-S, you are required to enclose those pages with your return. Failure to include the pages will result in a delay of your refund. • Do not enclose any correspondence other than those documents and schedules required for your return. • If for some reason you do not have a return envelope with labels, please mail your return, along with any payment due, to the address: Oklahoma Tax Commission Income Tax P.O. Box 26800 Oklahoma City, OK 73126-0800 12
Slide 13: Schedule 511-A If you report interest on bonds, notes and other obligations of the U.S. government on your Federal return, this income may be excluded from your Oklahoma Adjusted Gross Income if a detailed schedule is furnished, accompanied with 1099s showing the amount of interest income and the name of the obligation from which the interest is earned. If the income is from a mutual fund which invests in U.S. government obligations, enclose documentation from the mutual fund to substantiate the percentage of income derived from obligations exempt from Oklahoma tax. Interest from entities such as FNMA and GNMA does not qualify. Note: The capital gain/loss from the sale of an U.S. Government Obligation is exempt. Enter exempt gains on Schedule 511-A, line 11 and exempt losses on Schedule 511-B, line 8. A1 Interest on U.S. Government Obligations Retirement Each individual, may exclude their retirement benefits, up to $10,000, but not to exceed the amount included in the Federal Adjusted Gross Income. (To be eligible, you must have retirement income in your name.) For any individual who claims the exclusion for CSRS retirees on Schedule 511-A, line 3, do not include on this line the amount you already claimed on Schedule 511-A, line 3. For any individual who claims the exclusion for military retirees on Schedule 511-A, line 4, the amount of the exclusion on this line cannot exceed $10,000 minus the amount already claimed on Schedule 511-A, line 4 (if less than zero, enter zero). The retirement benefits must be received from the following: the civil service of the United States*, the Oklahoma Public Employees Retirement System of Oklahoma, the Oklahoma Teacher’s Retirement System, the Oklahoma Law Enforcement Retirement System, the Oklahoma Firefighters Pension and Retirement System, the Oklahoma Police Pension and Retirement System, the Employee retirement systems created by counties pursuant to Sections 951 et seq. of Title 19 of the Oklahoma Statutes, the Uniform Retirement System for Justices and Judges, the Oklahoma Wildlife Conservation Department Retirement Fund, the Oklahoma Employment Security Commission Retirement Plan, or the Employee retirement systems created by municipalities pursuant to Sections 48 - 101 et seq. of Title 11 of the Oklahoma Statutes. Enclose a copy of Form 1099-R. *Do not include on this line any CSRS retirement benefits already excluded on Schedule 511-A, line 3. A5 Oklahoma Government or Federal Civil Service A2 Social Security Social Security benefits that are included in the Federal Adjusted Gross Income shall be subtracted. Enclose a copy of your Federal return. A3 Civil Service Retirement in Lieu of Social Security Each individual may exclude 40% of their retirement benefits received from the Civil Service Retirement System (CSRS), including survivor benefits, paid in lieu of Social Security to the extent such benefits are included in the Federal Adjusted Gross Income. Multiply your taxable CSRS retirement benefits by 40% and enter here. The amount remaining will qualify for retirement exclusion on Schedule 511-A, line 5. Enter your Retirement Claim Number from your Form CSA 1099-R in the box on Schedule 511-A, line 3. Enclose a copy of Form CSA 1099-R with your return. To be eligible, the CSA 1099-R must be in your name. Note: Retirement benefits paid under the Federal Employees Retirement System (FERS) do not qualify for this exclusion. However, for retirement benefits containing both a FERS and a CSRS component, the CSRS component will qualify for the exclusion. Provide substantiation for the CSRS component. Each individual may exclude 75% of their retirement benefits or $10,000, whichever is greater, but not to exceed the amount included in the Federal Adjusted Gross Income. The retirement benefits must be from any component of the Armed Forces of the United States. Note: An early distribution from a retirement fund due to termination of employment prior to your retirement or disability does not qualify for the $10,000 retirement income exclusion. Generally, there is a “1” in box 7 of your Form 1099-R for this type of distribution. This distribution may qualify for the “Other Retirement Income” exclusion on Schedule 511-A, line 6. A6 Other Retirement Income Each individual, whose income does not exceed the limits in the worksheet on page 14, may exclude their retirement benefits, up to $10,000, but not to exceed the amount included in the Federal Adjusted Gross Income. For any individual who claims the exclusions for government retirees on Schedule 511-A, lines 4 or 5, the amount of the exclusion on this line cannot exceed $10,000 minus the amounts already claimed on Schedule 511-A, lines 4 and 5 (if less than zero, enter zero). A4 Military Retirement The new Oklahoma license plate will be available January 2009. You may choose to retain your current plate number by participating in the Oklahoma Plate Retention Program. For more information, visit the Tax Commission’s website at www.tax.ok.gov. Note: This does not apply to special tags. The retirement benefits must be received from the following and satisfy the requirements of the Internal Revenue Code (IRC): an employee pension benefit plan under IRC section 401, an eligible deferred compensation plan under IRC section 457, an individual retirement account, annuity or trust or simplified employee pension under IRC section 408, an employee annuity under IRC section 403 (a) or (b), United States Retirement Bonds under IRC section 86, or lump-sum distributions from a retirement plan under IRC section 402 (e). Enclose a copy of Form 1099-R or other documentation. See “Other Retirement Income Worksheet” on page 14. 13 14 13 13
Slide 14: Schedule 511-A continued Retain this worksheet for your records: Other Retirement Income Worksheet Please complete the following worksheet to determine eligibility for the retirement exclusion. Before beginning, you must complete Schedule 511-A, lines 7-13; Form 511, line 4 and Schedule 511-B, if they apply to you. Upon completing these lines, you then fill in the section below. Please retain this worksheet for your records. 1. Add the amounts on Form 511, line 1 and Schedule 511-B, line 9. 2. Add the amounts, if any, on Form 511, line 4 and Schedule 511-A, lines 1-5 and 7-13. 3. Subtract the amount on line 2 (above) from line 1 = total If this total is $62,500 or less with a filing status of single, head of household or married filing separate, then you qualify for the up to $10,000 exclusion. If this total is $125,000 or less with a filing status of married filing joint or qualifying widow(er), then you qualify for the up to $10,000 exclusion. (If both husband and wife qualify, then each is eligible to exclude up to $10,000 of his or her retirement income. To be eligible, you must have retirement income in your name.) If you do not meet either of the above described circumstances, you do not qualify. Remember, the amount of the exclusion is up to $10,000 per taxpayer, but it cannot exceed the retirement amount included in the Federal Adjusted Gross Income. A7 U.S. Railroad Retirement Board Benefits A9 Oklahoma Net Operating Loss Enter carryover(s) from previous years. The loss year return must be filed to establish the Oklahoma Net Operating Loss. See the net operating loss section on page 5. Also see Schedule 511-B, line 4. If the tribal member’s principal residence is on “Indian country” as defined in 18 U.S.C. Section 1151, the income earned on Indian country may be deducted. Legally acknowledged Indian country must be within the jurisdiction of the tribe of which he or she is a member. All claimants must provide sufficient information to support that these requirements have been satisfied. Provide the following information for tax year 2008: a. A copy of your tribal membership card or certification by your tribe as to your tribal membership during the tax year; and b. A copy of the trust deed, or other legal document, which describes the real estate upon which you maintained your principal place of residence and which was an Indian allotment, restricted, or held in trust by the United States during the tax year. If your name does not appear on the deed, or other document, provide proof of residence on such property; and c. A copy of the trust deed, or other legal document, which describes the real estate upon which you were employed or performed work or received income and which was held by the A10 Exempt Tribal Income All qualified U.S. Railroad Retirement Board benefits that are included in the Federal Adjusted Gross Income may be excluded. Oklahoma depletion on oil and gas well production, at the option of the taxpayer, may be computed at 22% of gross income derived from each Oklahoma property during the taxable year. Any depletion deduction allowable is the amount so computed minus Federal depletion claimed. If Oklahoma options are exercised, the Federal depletion not used due to the 65% limit may not be carried over. A complete detailed schedule by property must be furnished. Note: Major oil companies, as defined in Title 52 O.S. Section 288.2, when computing Oklahoma depletion shall be limited to 50% of the net income (computed without the allowance for depletion) from each property. Lease bonus received is considered income subject to depletion. If depletion is claimed on a lease bonus and no income is received as a result of non-producing properties, see Schedule 511-B, line 5. If you have Federal depletion being carried over into this year, see Schedule 511-B, line 5. A8 Oklahoma Depletion 14 ... continued on page 15
Slide 15: Schedule 511-A continued United States of America in trust for a tribal member or an Indian tribe or which was allotted or restricted Indian land during the tax year. Also a copy of employment or payroll records which show you are employed on that Indian country or an explanation of your work on Indian country; and d. Any other evidence which you believe supports your claim that you meet all of the criteria for exemption from income tax. All information to support your claim for refund must be enclosed with your return. Note: The military wages of an enrolled member of a federally recognized Indian tribe shall be exempt from Oklahoma individual income tax when the income is compensation paid to an active member of the Armed Forces, if the member was residing within his tribe’s “Indian Country” at the time of entering service, and the member has not elected to abandon such residence per Rule 710:50-15-2. Provide a copy of your Form DD2058-2 “Native American State Income Tax Withholding Exemption Certificate” along with the information requested in paragraphs “a” and “b”. A11 Gains from the Sale of Exempt Government Obligations See the “note” for Schedule 511-A, line 1 and Schedule 511-B, line 1 instructions. Enclose Federal Schedule D. A12 Oklahoma Capital Gain Deduction You can deduct qualifying gains receiving capital treatment which are included in Federal Adjusted Gross Income. “Qualifying gains receiving capital treatment” means the amount of net capital gains, as defined under the Internal Revenue Code Section 1222(11). The qualifying gain must: in which such royalty is received as long as the manufacturer remains in this state. To support your deduction please furnish: 1) copy of the patent. 2) copy of the royalty agreement with the manufacturer. 3) copy of registration form from OCAST. (Title 74 O.S. Section 5064.7 (A)(1)) Enter the number “2” if the following applies: Manufacturers exclusion. (Title 74 O.S. Sect. 5064.7 (A)(2)) Enter the number “3” if the following applies: Historical Battle Sites: There shall be a deduction, limited to 50% of the capital gain, if you sell to the State of Oklahoma any real property which was the site of a historic battle during the nineteenth century and has been designated a National Historic Landmark. (Title 68 O.S. Section 2357.24) Enter the number “4” if the following applies: Small Business Incubator exclusion: Exemption for income earned by the sponsor (Title 74 O.S. Section 5075). Exemption for income earned by the tenant (Title 74 O.S. Section 5078). Enter the number “5” if the following applies: Allowable deductions not included in (1) through (4): Enter any allowable Oklahoma deductions from Federal Adjusted Gross Income to arrive at Oklahoma Adjusted Gross Income that were not previously claimed under this heading “Miscellaneous: Other Subtractions.” Specify type of subtraction and Oklahoma Statute authorizing the subtraction. Enclose a detailed explanation and verifying documents. 1) 2) 3) Be earned on real or tangible personal property located within Oklahoma that you have owned for at least five uninterrupted years prior to the date of the sale. Be earned on the sale of stock or ownership interest in an Oklahoma headquartered company, limited liability company, or partnership where such stock or ownership interest has been owned by you for at least two uninterrupted years prior to the date of the sale. Be earned on the sale of real property, tangible personal property or intangible personal propoerty located within Oklahoma as part of the sale of all or substantially all of the assets of an Oklahoma headquartered company, limited liability company, or partnership or an Oklahoma proprietorship business enterprise or owned by the owners of such entity or business enterprise for a period of at least two uninterrupted years prior to the date of the sale. Schedule 511-B If you received income on bonds issued by any state or political subdivision thereof, exempt from Federal taxation but not exempt from taxation by the laws of the State of Oklahoma, the total of such income shall be added to Federal Adjusted Gross Income. 1) Income from all bonds, notes or other obligations issued by the State of Oklahoma, the Oklahoma Capital Improvement Authority, the Oklahoma Municipal Power Authority, the Oklahoma Student Loan Authority, and the Oklahoma Transportation Authority (formerly Turnpike Authority) is exempt from Oklahoma income tax. The profit from the sale of such bond, note or other obligation shall be free from taxation. Income from local Oklahoma governmental obligations issued after July 1, 2001, other than those provided for in line 1, is exempt from Oklahoma income tax. The exceptions are those obligations issued for the purpose of providing financing for projects for nonprofit corporations. Local governmental obligations shall include bonds or notes issued by, or on behalf of, or for the benefit of Oklahoma educational institutions, cities, towns, or counties or by public trusts of which any of the foregoing is a beneficiary. Income from Oklahoma Municipal Bonds issued prior to July 2, 2001, other than those provided for in line 1, is exempt from Oklahoma income tax only if so provided by the statute authorizing their issuance. B1 State and Municipal Bond Interest 2) Enclose Form 561 and a copy of your Federal Schedule D. Enter in the box on Schedule 511-A, line 13, the appropriate number as listed below, which shows the type of deduction. If you are entitled to more than one deduction type, enter the number “5”. Enter the number “1” if the following applies: Royalty income earned by an inventor from a product developed and manufactured in this state shall be exempt from income tax for a period of seven years from January 1 of the first year 3) A13 Miscellaneous: Other Subtractions 15
Slide 16: Schedule 511-B 4) Income on bonds issued by another state or political subdivision thereof (non-Oklahoma), exempt from Federal taxation, is taxable for Oklahoma income tax. Enclose a schedule of all municipal interest received by source and amount. If the income is from a mutual fund which invests in state and local government obligations, enclose documentation from the mutual fund to substantiate the percentage of income derived from obligations exempt from Oklahoma tax. Note: If the interest is exempt, the capital gain/loss from the sale of the bond may also be exempt. The gain/loss from the sale of a state or municipal bond, other than those provided for in line 1, is exempt only if so provided by the statute authorizing its issuance. Enter exempt gains on Schedule 511-A, line 11 and exempt losses on Schedule 511-B, line 8. If you incurred losses from the operation of an out-of-state business, or from the rental or sale of out-of-state property, any such losses must be added back to Federal Adjusted Gross Income. This includes partnership losses and losses sustained by Subchapter S Corporations attributable to other states. Lump sum distributions not included in the Federal Adjusted Gross Income shall be added to the Federal AGI. Rollovers are taxed in the same year as on the Federal return. Enclose a copy of Form 1099 and a complete copy of the Federal return. Enter carryover(s) included on Federal Form 1040. See net operating loss section on page 5. Also see Schedule 511-A, line 9. Bonus or Add Back of Excess Federal Depletion • Enter depletion claimed on a lease bonus if no income is received as a result of non-producing properties. Such depletion must be restored in the year the lease expires. A complete schedule by property must be furnished. • If the Oklahoma option for computing depletion was used in a previous year, you must add back any Federal depletion being carried over from such year due to the 65% limitation. The full 22% Oklahoma depletion would have been allowed in such previous year. For the Oklahoma option for computing depletion see the instructions for Schedule 511-A, line 8. A complete schedule by property must be furnished. Employers incurring expenses to provide accredited child care programs for children of their employees may be allowed a credit. If the credit is allowed, the eligible expenses upon which the credit is based must be added back to arrive at Oklahoma taxable income. See Form 511CR, line 12 for the credit. Enclose a schedule of eligible expenses and the computation of the credit. Need a form or have a tax question after hours? Visit our website at www.tax.ok.gov for all your tax needs 24 hours a day, seven days a week. B7 Recapture of Contributions to Oklahoma 529 College B2 Out-of-State Losses B3 Lump Sum Distributions Savings Plan • If an individual elects to take a rollover on a contribution within one year of the date of the contribution, for which a deduction was taken on the previous year’s return, the amount of such rollover is included in income. As used in this paragraph, “rollover” means the transfer of funds from the Oklahoma College Savings Plan to any other plan under Section 529 of the Internal Revenue Code. • An individual who makes a non-qualified withdrawal of contributions for which a deduction was taken in tax year 2005 or later, such non-qualified withdrawal and any earnings thereon are included in income. If any of the earnings have already been included in your Federal adjusted gross income, do not include those earnings again on this line. B4 Federal Net Operating Loss B5 Recapture of Depletion Claimed on a Lease B8 Miscellaneous: Other Additions • Losses from the sale of exempt government obligations: See the “note” in Schedule 511-A, line 1 and Schedule 511-B, line 1 instructions. Enclose Federal Schedule D. • If you are a swine or poultry producer who has deducted depreciation on an accelerated basis on your Oklahoma tax return in previous tax years (Schedule 511-C, line 7 number “3”), the asset may be fully depreciated for Oklahoma purposes. Any depreciation deducted on this year’s Federal return, after the date the asset has been fully depreciated on your Oklahoma return, must be added back to avoid a duplication of depreciation. Enclose a copy of the Federal depreciation schedule showing the depreciation taken on the asset. • If a qualified Oklahoma refinery, of which you are a partner or shareholder, elected to expense the cost of qualified refinery property, such property is fully depreciated for Oklahoma purposes. For Oklahoma purposes no depreciation expense can be taken for this tax year on such property. Enter your pro-rata share of such depreciation. Include the partnership’s or corporation’s name and ID Number. • You will have an amount on this line if a pass-through entity, of which you are a member, was required to add-back rents and interest expenses paid to a captive real estate investment trust when determining Oklahoma distributable income. Enter your pro-rata share of such add-back. Include the pass-through entity’s name and ID number. • Enter any additions not previously claimed. Enclose a statement of explanation. B6 Expenses Incurred to Provide Child Care Programs 16
Slide 17: Schedule 511-C Oklahoma residents who are members of any component of the Armed Services may exclude the first $1,500 of their active military pay (includes Reserve & National Guard pay). Retired military see instructions for Schedule 511-A, line 4. C1 Partial Military Pay Exclusion Contributions must be made to Oklahoma 529 College Savings Plan account(s). Contributions made to another state’s college savings plans, the Coverdell Education Savings Account or transfers from one Oklahoma 529 College Savings Plan account to another, may not be deducted. For information on setting up an Oklahoma College Savings Plan, visit the following website: www.ok4saving.org or call (877) 654-7284. C2 Qualifying Disability Deduction If you have a physical disability constituting a substantial handicap to employment, you may deduct the expense incurred to modify a motor vehicle, home, or work place necessary to compensate for the disability. Please enclose a schedule detailing the expenses incurred and a description of the physical disability with documentation regarding the Social Security Administration recognition and/or allowance of this expense. C3 Political Contribution If you contributed money to a political party or candidate for political office, you may deduct the amount contributed up to a maximum of $100 ($200 if a joint return is filed). C4 Interest Qualifying for Exclusion You may partially exclude interest received from a bank, credit union or savings and loan association located in Oklahoma. Total exclusion for interest claimed on your State return cannot exceed $100 ($200 if filing jointly even if only one spouse received interest income). C5 Qualified Adoption Expense An Oklahoma resident may deduct “nonrecurring adoption expenses” not to exceed $20,000 per calendar year (Title 68 O.S. Section 2358). Expenses are to be deducted in the year incurred. “Nonrecurring adoption expenses” means adoption fees, court costs, medical expenses, attorney fees and expenses which are directly related to the legal process of adoption of a child. Enclose a schedule describing the expenses claimed. Savings Plan account(s) Each individual may deduct contributions made to accounts established pursuant to the Oklahoma College Savings Plan Act. The maximum annual deduction is the amount of contributions to all Oklahoma 529 College Savings Plan accounts plus any contributions to such accounts for prior tax years after December 31, 2004, which were not deducted. If a rollover* or non-qualified withdrawal is taken within the same tax year as a contribution is made, the deduction for such contribution must be reduced by the amount of the rollover or non-qualified withdrawal. In no event can this deduction exceed $10,000 ($20,000 on a joint return) per tax year. Any amount of a contribution that is not deducted in the year for which the contribution is made may be carried forward as a deduction from income for the succeeding five years. If a rollover* or non-qualified withdrawal is taken during the carryover period, the tax deduction otherwise available must be reduced by the amount of the rollover or non-qualified withdrawal. Deductions may be taken for contributions and rollovers made during a taxable year and up to April 15 of the succeeding year, or the due date of a taxpayer’s state income tax return, excluding extensions, whichever is later. A deduction for the same contributions may not be taken for two different tax years. Enclose proof of your contribution including the name of the beneficiary and the account number. *For purposes of reducing the deduction, “rollover” means the transfer of funds from the Oklahoma College Savings Plan to any other plan under Section 529 of the Internal Revenue Code. C7 Miscellaneous: Other Adjustments Enter in the box on Schedule 511-C, line 7, the appropriate number as listed below, which shows the type of deduction. If you are entitled to more than one deduction listed below, enter the number “99”. Enter the number “1” if the following applies: Qualified Medical Savings Account/Health Savings Account: Contributions made to, and interest earned from, an Oklahoma medical savings account established in this state, pursuant to Title 63 O.S. Sections 2621 through 2623, shall be exempt from taxation. In order to be eligible for this deduction, contributions must be made to a medical savings account program approved by either the State Department of Health or the Insurance Commissioner. A statement of the contributions made to, and interest earned on, the account must be provided by the trustee of the plan, and enclosed as part of the filed return. This is not on your W-2. Enclose a copy of your Federal return. Contributions made to, and interest earned from, an Oklahoma Health Savings Account established in this state, pursuant to Title 36 O.S. Sections 6060.14 through 6060.18, shall be exempt from taxation. A statement of the contributions made to, and interest earned on, the account must be provided by the trustee of the plan, and enclosed as part of the filed return. This is not on your W-2. Enclose a copy of your Federal return. Note: If you took a Health/Medical Savings Account Deduction to arrive at Federal adjusted gross income, you cannot take a deduction on this line. Enter the number “2” if the following applies: Agricultural Commodity Processing Facility Exclusion: Owners of agricultural commodity processing facilities may exclude 15% of their investment in a new or expanded agricultural commodity processing facility located within Oklahoma (Title 68 O.S. Section 2358). Agricultural commodity processing facility means buildings, structures, fixtures and improvements used or operated primarily for the processing or production of agricultural commodities to marketable products. The investment is deemed made when the property is placed in service. Under no circumstances shall this exclusion lower your taxable income below zero. In the event the exclusion does exceed income, any unused portion may be carried over for a period not to exceed six years. A schedule must be enclosed showing the type of invest-ment(s), the date placed in service, and the cost. If the total exclusion available is not used, a copy of the schedule must be enclosed in the carryover year and show the total exclusion available, the amount previously used and amount available in the carryover year. If the exclusion is through a Partnership or S corporation, the schedule must also include the Partnership’s or S corporation’s name and ID number and your pro-rata share of the exclusion. C6 Contributions to Oklahoma 529 College 17
Slide 18: Schedule 511-C continued Line C7, continued... Enter the number “3” if the following applies: Depreciation Adjustment for Swine or Poultry Producers: Individuals who are swine or poultry producers may deduct depreciation on an accelerated basis for new construction or expansion costs. The same depreciation method elected for Federal income tax purposes will be used, except the assets will be deemed to have a 7-year life. Any depreciation deduction allowable is the amount so computed minus the Federal depreciation claimed. Enclose a copy of the Federal depreciation schedule and a computation of the accelerated Oklahoma depreciation. Note: Once you have fully depreciated an asset on your Oklahoma return, you must add back any depreciation deducted on your Federal return, see Schedule 511-B, line 8. Enter the number “4” if the following applies: Discharge of Indebtedness for Farmers: An individual, engaged in production of agriculture, may exclude income resulting from the discharge of indebtedness incurred to finance the production of agricultural products. Enclose Federal Schedule F and Form 1099-C or other substantiating documentation. Enter the number “5” if the following applies: Oklahoma Police Corps Program Scholarship/Stipend: You may deduct any scholarship or stipend, received from participation in the Oklahoma Police Corps Program, that is included in your Federal adjusted gross income. The Oklahoma Police Corps was established under Title 74 O.S. Section 2-140.1 through 2-140.11. Enclose documentation to support amount claimed and a copy of your Federal return. Enter the number “6” if the following applies: Deduction for Living Organ Donation: You may deduct up to $10,000 of unreimbursed expenses if you, or your dependent, donates one or more human organs while living. “Human organs” mean all or part of a liver, pancreas, kidney, intestine, lung, or bone marrow. The deduction is allowed only one time and may be claimed only for unreimbursed expenses that are incurred by you and related to the organ donation of you or your dependent. The deduction may only be claimed in the taxable year in which the transplant occurs. Enclose a detailed schedule of expenses claimed. Enter the number “7” if the following applies: Safety Pays OSHA Consultation Service Exemption: An employer that is eligible for and utilizes the Safety Pays OSHA Consultation Service provided by the Oklahoma Department of Labor shall receive a $1,000 exemption for the tax year the services is utilized. If this exemption is through a partnership or corporation, include the partnership’s or corporation’s name and ID number and your pro-rata share of the exemption. Enter the number “8” if the following applies: Qualified Refinery Property: If a qualified Oklahoma refinery elected to expense the cost of qualified refinery property, enter any of such expense allocated to you. Enclose a copy of the written notice received from the refinery indicating the amount of the allocation. The notice should include the company’s name and Federal identification number. Enter the number “9” if the following applies: Cost of Complying with Sulfur Regulations: If a qualified refinery elected to allocate all or a portion of the cost of complying with sulfur regulations to its owners, enter the portion of such cost allocated to you. Enclose a copy of the written notice received from the refinery indicating the amount of the allocation. Such notice should include the company’s name and Federal identification number. Enter the number “10” if the following applies: Indian Employment Exclusion: All qualified wages equal to the Federal Indian Employment Credit set forth in 26 U.S.C.A., Section 45A, shall be deducted from taxable income. Deduct on your Oklahoma return, an amount equal to the reduction of salaries and wages reported on your Federal return as a result of your Form 8845 “Indian Employment Credit”. The deduction allowed shall only be permitted for the tax years in which the Federal credit is allowed, even if not used in such year because of your tax liability limit. Enclose a copy of the Federal return, Form 8845 and if applicable, Form 3800. If the exclusion is through a partnership or corporation, include the partnership’s or corporation’s name and ID number and your pro-rata share of the exclusion. Enter the number “11” if the following applies: Midwestern Disaster Area: If you were allowed an additional exemption amount on your Federal return for providing housing to a Midwestern displaced individual from a Midwestern disaster area, you are entitled to the same exemption amount on your Oklahoma return. Enter the additional exemption that is included in the amount claimed in the exemption portion of your Federal return. Enclose a copy of your Federal return. Schedule 511-D Complete Schedule 511-D if you have out-of-state income (Form 511, line 4). If you have income from out-of-state, your exemptions and deductions must be prorated on the ratio of Oklahoma AGI to Federal AGI reduced by allowable adjustments except out-of-state income. D1 Deductions • Enter the Oklahoma standard deduction if you did not claim itemized deductions on your Federal return. If your filing status is “single” or “married filing separate”, your Oklahoma standard deduction is $3,250. If your filing status is “head of household”, your Oklahoma standard deduction is $4,875. If your filing status is “married filing joint” or “qualifying widow(er)”, your Oklahoma standard deduction is $6,500. Note: You qualify for the Oklahoma standard deduction even when claimed as a dependent on another return. • If you claimed itemized deductions on your Federal return (Form 1040, Schedule A), enter the amount of your allowable itemized deductions. (Enclose a copy of your Federal Schedule A). Oklahoma allows $1,000 for each exemption claimed on the top of the return. D2 Exemptions and Dependents 18
Slide 19: Schedule 511-E Complete Schedule 511-E if your Oklahoma AGI (Form 511, line 7) is less than your Federal AGI (Form 511, line 1). Your Oklahoma child care/child tax credit must be prorated. Schedule 511-F Complete Schedule 511-F if your Oklahoma AGI (Form 511, line 7) is less than your Federal AGI (Form 511, line 1). Your Oklahoma earned income credit must be prorated. E1 Child Care/Child Tax Credit If your Federal Adjusted Gross Income is $100,000 or less and you are allowed either a credit for child care expenses or the child tax credit on your Federal return, you are allowed a credit against your Oklahoma tax. Your Oklahoma credit is the greater of: • 20% of the credit for child care expenses allowed by the Internal Revenue Code. Your allowed Federal credit cannot exceed the amount of your Federal tax reported on your Federal return. or • 5% of the child tax credit allowed by the Internal Revenue Code. This includes both the nonrefundable child tax credit and the refundable additional child tax credit. If your Federal Adjusted Gross Income is greater than $100,000, no credit is allowed. Enclose a copy of your Federal return and, if applicable, the Federal Child Care Credit schedule. F1 Earned Income Credit You are allowed a credit equal to 5% of the earned income credit allowed on your Federal return. The credit must be prorated on the ratio of Oklahoma AGI to Federal AGI. Enclose a copy of your Federal return. Schedule 511-G Schedule 511-G provides you with the opportunity to make a financial gift from your refund to a variety of Oklahoma organizations. Please place the line number of the organization from Schedule 511-G in the oval at line 33 of Form 511. If you give to more than one organization, please put a “99” in the oval at line 33 of Form 511. Descriptions of the organizations and the addresses to mail a donation, if you are not receiving a refund, are shown on Schedule 511-G: Information. Get Your Refund Faster - Use Direct Deposit! Please complete the direct deposit box on the tax return if you want us to directly deposit the amount shown on the refund line of your return into your account at a bank or other financial institution instead of sending you a check. 1 2 3 Check the appropriate box as to whether the check will be going into a checking or savings account. Please keep in mind you will not receive notification of the deposit. Fill out the routing number. The routing number must be nine digits. If the first two digits are not 01 through 12 or 21 through 32, the direct deposit will be rejected and a check will be issued instead. Using the sample check shown below, the routing number is 120120012. Enter your account number. The account number can be up to 17 characters (both numbers and letters). Include hyphens but omit spaces and special symbols. Enter the number from left to right and leave any unused boxes blank. On the sample check shown below, the account number is 2020268620. Please Note: The Oklahoma Tax Commission is not responsible if a financial institution refuses a direct deposit. If a direct deposit is refused, a check will be issued to the address shown on your tax return. Also note, the Oklahoma Tax Commission will only issue one payment per bank account number. Therefore, if more than one refund is requested for direct deposit to the same bank account, the second and subsequent payments will be issued by paper check to the address shown on the tax return(s). JOE SMITH SUSIE SMITH 123 Main Street Anyplace, OK 00000 PAY TO THE ORDER OF 15-0000/0000 1234 Account Number SAMPLE $ DOLLARS Routing Number ANYPLACE BANK Anyplace, OK 00000 For SAMPLE 1234 :120120012 : 2020268620 Note: The routing and account numbers may appear in different places on your check. 19
Slide 20: 2008 Oklahoma Income Tax Table Instructions... Use this table if your taxable income is less than $100,000. If your taxable income is $100,000 or more, use the tax computation on the lower portion of page 31. For an example, please see the box to the right. Example... • Mr. and Mrs. Jones are filing a joint return. • Their Oklahoma Taxable Income is $14,793. • First, they find the $14,750 - $14,800 income line. • Next, they find the column for married filing joint and read down the column. • The amount shown where the income line and filing status column meet is $384 (see example at right). This is the amount they must write on the tax line on their return. 14,700 14,800 14,750 14,850 If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: At least But less than Schedule 511-H 14,750 14,800 581 583 578 381 384 386 If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 0 0 1 1 1 1 2 2 2 2 3 3 3 3 4 4 4 4 5 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 0 0 1 1 1 1 2 2 2 2 3 3 3 3 4 4 4 4 5 5 5 5 6 6 6 6 7 7 7 7 8 8 8 8 9 9 9 9 10 10 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 53 55 56 58 59 61 62 64 65 67 68 70 71 73 74 76 77 79 81 83 85 87 89 91 93 95 97 99 101 103 105 107 109 111 113 115 117 119 121 123 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 At least But less than Up to $999 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 950 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 950 1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 2,000 $2,000 2,000 2,050 2,100 2,150 2,200 2,250 2,300 2,350 2,400 2,450 2,500 2,550 2,600 2,650 2,700 2,750 2,800 2,850 2,900 2,950 2,050 2,100 2,150 2,200 2,250 2,300 2,350 2,400 2,450 2,500 2,550 2,600 2,650 2,700 2,750 2,800 2,850 2,900 2,950 3,000 3,050 3,100 3,150 3,200 3,250 3,300 3,350 3,400 3,450 3,500 3,550 3,600 3,650 3,700 3,750 3,800 3,850 3,900 3,950 4,000 15 16 16 17 17 18 18 19 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 49 50 52 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 $4,000 4,000 4,050 4,100 4,150 4,200 4,250 4,300 4,350 4,400 4,450 4,500 4,550 4,600 4,650 4,700 4,750 4,800 4,850 4,900 4,950 4,050 4,100 4,150 4,200 4,250 4,300 4,350 4,400 4,450 4,500 4,550 4,600 4,650 4,700 4,750 4,800 4,850 4,900 4,950 5,000 5,050 5,100 5,150 5,200 5,250 5,300 5,350 5,400 5,450 5,500 5,550 5,600 5,650 5,700 5,750 5,800 5,850 5,900 5,950 6,000 $1,000 1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 $3,000 3,000 3,050 3,100 3,150 3,200 3,250 3,300 3,350 3,400 3,450 3,500 3,550 3,600 3,650 3,700 3,750 3,800 3,850 3,900 3,950 $5,000 5,000 5,050 5,100 5,150 5,200 5,250 5,300 5,350 5,400 5,450 5,500 5,550 5,600 5,650 5,700 5,750 5,800 5,850 5,900 5,950 * This column must also be used by a Qualified Widow(er). 20
Slide 21: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 94 95 97 98 100 101 103 104 106 107 109 110 112 113 115 116 118 119 121 122 124 125 127 128 130 131 133 134 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 136 137 139 140 142 143 145 146 148 149 151 152 154 155 157 158 160 162 164 166 168 170 172 174 176 178 180 182 184 186 188 190 192 194 196 198 200 202 204 206 208 210 212 214 216 218 220 222 224 226 228 230 232 234 236 238 240 242 244 246 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 429 432 435 438 440 443 446 449 451 454 457 460 462 465 468 471 473 476 479 482 484 487 490 493 495 498 501 504 506 509 512 515 517 520 523 526 528 531 534 537 539 542 545 548 550 553 556 559 561 564 567 570 572 575 578 581 583 586 589 592 248 250 252 254 256 259 261 264 266 269 271 274 276 279 281 284 286 289 291 294 296 299 301 304 306 309 311 314 316 319 321 324 326 329 331 334 336 339 341 344 346 349 351 354 356 359 361 364 366 369 371 374 376 379 381 384 386 389 391 394 At least But less than $6,000 6,000 6,050 6,100 6,150 6,200 6,250 6,300 6,350 6,400 6,450 6,500 6,550 6,600 6,650 6,700 6,750 6,800 6,850 6,900 6,950 6,050 6,100 6,150 6,200 6,250 6,300 6,350 6,400 6,450 6,500 6,550 6,600 6,650 6,700 6,750 6,800 6,850 6,900 6,950 7,000 7,050 7,100 7,150 7,200 7,250 7,300 7,350 7,400 7,450 7,500 7,550 7,600 7,650 7,700 7,750 7,800 7,850 7,900 7,950 8,000 8,050 8,100 8,150 8,200 8,250 8,300 8,350 8,400 8,450 8,500 8,550 8,600 8,650 8,700 8,750 8,800 8,850 8,900 8,950 9,000 125 127 129 131 133 135 137 139 141 143 145 147 149 151 153 155 157 159 161 163 165 167 169 171 173 175 178 180 183 185 188 190 193 195 198 200 203 205 208 210 213 215 218 220 223 225 228 230 233 235 238 240 243 245 248 251 253 256 259 262 $9,000 9,000 9,050 9,100 9,150 9,200 9,250 9,300 9,350 9,400 9,450 9,500 9,550 9,600 9,650 9,700 9,750 9,800 9,850 9,900 9,950 10,000 10,050 10,100 10,150 10,200 10,250 10,300 10,350 10,400 10,450 10,500 10,550 10,600 10,650 10,700 10,750 10,800 10,850 10,900 10,950 9,050 9,100 9,150 9,200 9,250 9,300 9,350 9,400 9,450 9,500 9,550 9,600 9,650 9,700 9,750 9,800 9,850 9,900 9,950 10,000 10,050 10,100 10,150 10,200 10,250 10,300 10,350 10,400 10,450 10,500 10,550 10,600 10,650 10,700 10,750 10,800 10,850 10,900 10,950 11,000 11,050 11,100 11,150 11,200 11,250 11,300 11,350 11,400 11,450 11,500 11,550 11,600 11,650 11,700 11,750 11,800 11,850 11,900 11,950 12,000 264 267 270 273 275 278 281 284 286 289 292 295 297 300 303 306 308 311 314 317 319 322 325 328 330 333 336 339 341 344 347 350 352 355 358 361 363 366 369 372 374 377 380 383 385 388 391 394 396 399 402 405 407 410 413 416 418 421 424 427 $12,000 12,000 12,050 12,100 12,150 12,200 12,250 12,300 12,350 12,400 12,450 12,500 12,550 12,600 12,650 12,700 12,750 12,800 12,850 12,900 12,950 13,000 13,050 13,100 13,150 13,200 13,250 13,300 13,350 13,400 13,450 13,500 13,550 13,600 13,650 13,700 13,750 13,800 13,850 13,900 13,950 14,000 14,050 14,100 14,150 14,200 14,250 14,300 14,350 14,400 14,450 14,500 14,550 14,600 14,650 14,700 14,750 14,800 14,850 14,900 14,950 12,050 12,100 12,150 12,200 12,250 12,300 12,350 12,400 12,450 12,500 12,550 12,600 12,650 12,700 12,750 12,800 12,850 12,900 12,950 13,000 13,050 13,100 13,150 13,200 13,250 13,300 13,350 13,400 13,450 13,500 13,550 13,600 13,650 13,700 13,750 13,800 13,850 13,900 13,950 14,000 14,050 14,100 14,150 14,200 14,250 14,300 14,350 14,400 14,450 14,500 14,550 14,600 14,650 14,700 14,750 14,800 14,850 14,900 14,950 15,000 $7,000 7,000 7,050 7,100 7,150 7,200 7,250 7,300 7,350 7,400 7,450 7,500 7,550 7,600 7,650 7,700 7,750 7,800 7,850 7,900 7,950 $10,000 $13,000 $8,000 8,000 8,050 8,100 8,150 8,200 8,250 8,300 8,350 8,400 8,450 8,500 8,550 8,600 8,650 8,700 8,750 8,800 8,850 8,900 8,950 $11,000 11,000 11,050 11,100 11,150 11,200 11,250 11,300 11,350 11,400 11,450 11,500 11,550 11,600 11,650 11,700 11,750 11,800 11,850 11,900 11,950 $14,000 * This column must also be used by a Qualified Widow(er). 21
Slide 22: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 594 597 600 603 605 608 611 614 616 619 622 625 627 630 633 636 638 641 644 647 649 652 655 658 660 663 666 669 671 674 677 680 682 685 688 691 693 696 699 702 704 707 710 713 715 718 721 724 726 729 732 735 737 740 743 746 748 751 754 757 396 399 402 405 407 410 413 416 418 421 424 427 429 432 435 438 440 443 446 449 451 454 457 460 462 465 468 471 473 476 479 482 484 487 490 493 495 498 501 504 506 509 512 515 517 520 523 526 528 531 534 537 539 542 545 548 550 553 556 559 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 759 762 765 768 770 773 776 779 781 784 787 790 792 795 798 801 803 806 809 812 814 817 820 823 825 828 831 834 836 839 842 845 847 850 853 856 858 861 864 867 869 872 875 878 880 883 886 889 891 894 897 900 902 905 908 911 913 916 919 922 561 564 567 570 572 575 578 581 583 586 589 592 594 597 600 603 605 608 611 614 616 619 622 625 627 630 633 636 638 641 644 647 649 652 655 658 660 663 666 669 671 674 677 680 682 685 688 691 693 696 699 702 704 707 710 713 715 718 721 724 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 924 927 930 933 935 938 941 944 946 949 952 955 957 960 963 966 968 971 974 977 979 982 985 988 990 993 996 999 1,001 1,004 1,007 1,010 1,012 1,015 1,018 1,021 1,023 1,026 1,029 1,032 1,034 1,037 1,040 1,043 1,045 1,048 1,051 1,054 1,056 1,059 1,062 1,065 1,067 1,070 1,073 1,076 1,078 1,081 1,084 1,087 726 729 732 735 737 740 743 746 748 751 754 757 759 762 765 768 770 773 776 779 781 784 787 790 792 795 798 801 803 806 809 812 814 817 820 823 825 828 831 834 836 839 842 845 847 850 853 856 858 861 864 867 869 872 875 878 880 883 886 889 At least But less than $15,000 15,000 15,050 15,100 15,150 15,200 15,250 15,300 15,350 15,400 15,450 15,500 15,550 15,600 15,650 15,700 15,750 15,800 15,850 15,900 15,950 16,000 16,050 16,100 16,150 16,200 16,250 16,300 16,350 16,400 16,450 16,500 16,550 16,600 16,650 16,700 16,750 16,800 16,850 16,900 16,950 15,050 15,100 15,150 15,200 15,250 15,300 15,350 15,400 15,450 15,500 15,550 15,600 15,650 15,700 15,750 15,800 15,850 15,900 15,950 16,000 16,050 16,100 16,150 16,200 16,250 16,300 16,350 16,400 16,450 16,500 16,550 16,600 16,650 16,700 16,750 16,800 16,850 16,900 16,950 17,000 17,050 17,100 17,150 17,200 17,250 17,300 17,350 17,400 17,450 17,500 17,550 17,600 17,650 17,700 17,750 17,800 17,850 17,900 17,950 18,000 $18,000 18,000 18,050 18,100 18,150 18,200 18,250 18,300 18,350 18,400 18,450 18,500 18,550 18,600 18,650 18,700 18,750 18,800 18,850 18,900 18,950 19,000 19,050 19,100 19,150 19,200 19,250 19,300 19,350 19,400 19,450 19,500 19,550 19,600 19,650 19,700 19,750 19,800 19,850 19,900 19,950 20,000 20,050 20,100 20,150 20,200 20,250 20,300 20,350 20,400 20,450 20,500 20,550 20,600 20,650 20,700 20,750 20,800 20,850 20,900 20,950 18,050 18,100 18,150 18,200 18,250 18,300 18,350 18,400 18,450 18,500 18,550 18,600 18,650 18,700 18,750 18,800 18,850 18,900 18,950 19,000 19,050 19,100 19,150 19,200 19,250 19,300 19,350 19,400 19,450 19,500 19,550 19,600 19,650 19,700 19,750 19,800 19,850 19,900 19,950 20,000 20,050 20,100 20,150 20,200 20,250 20,300 20,350 20,400 20,450 20,500 20,550 20,600 20,650 20,700 20,750 20,800 20,850 20,900 20,950 21,000 $21,000 21,000 21,050 21,100 21,150 21,200 21,250 21,300 21,350 21,400 21,450 21,500 21,550 21,600 21,650 21,700 21,750 21,800 21,850 21,900 21,950 22,000 22,050 22,100 22,150 22,200 22,250 22,300 22,350 22,400 22,450 22,500 22,550 22,600 22,650 22,700 22,750 22,800 22,850 22,900 22,950 23,000 23,050 23,100 23,150 23,200 23,250 23,300 23,350 23,400 23,450 23,500 23,550 23,600 23,650 23,700 23,750 23,800 23,850 23,900 23,950 21,050 21,100 21,150 21,200 21,250 21,300 21,350 21,400 21,450 21,500 21,550 21,600 21,650 21,700 21,750 21,800 21,850 21,900 21,950 22,000 22,050 22,100 22,150 22,200 22,250 22,300 22,350 22,400 22,450 22,500 22,550 22,600 22,650 22,700 22,750 22,800 22,850 22,900 22,950 23,000 23,050 23,100 23,150 23,200 23,250 23,300 23,350 23,400 23,450 23,500 23,550 23,600 23,650 23,700 23,750 23,800 23,850 23,900 23,950 24,000 $16,000 $19,000 $22,000 $17,000 17,000 17,050 17,100 17,150 17,200 17,250 17,300 17,350 17,400 17,450 17,500 17,550 17,600 17,650 17,700 17,750 17,800 17,850 17,900 17,950 $20,000 $23,000 * This column must also be used by a Qualified Widow(er). 22
Slide 23: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 891 894 897 900 902 905 908 911 913 916 919 922 924 927 930 933 935 938 941 944 946 949 952 955 957 960 963 966 968 971 974 977 979 982 985 988 990 993 996 999 1,001 1,004 1,007 1,010 1,012 1,015 1,018 1,021 1,023 1,026 1,029 1,032 1,034 1,037 1,040 1,043 1,045 1,048 1,051 1,054 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 1,056 1,059 1,062 1,065 1,067 1,070 1,073 1,076 1,078 1,081 1,084 1,087 1,089 1,092 1,095 1,098 1,100 1,103 1,106 1,109 1,111 1,114 1,117 1,120 1,122 1,125 1,128 1,131 1,133 1,136 1,139 1,142 1,144 1,147 1,150 1,153 1,155 1,158 1,161 1,164 1,166 1,169 1,172 1,175 1,177 1,180 1,183 1,186 1,188 1,191 1,194 1,197 1,199 1,202 1,205 1,208 1,210 1,213 1,216 1,219 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 1,221 1,224 1,227 1,230 1,232 1,235 1,238 1,241 1,243 1,246 1,249 1,252 1,254 1,257 1,260 1,263 1,265 1,268 1,271 1,274 1,276 1,279 1,282 1,285 1,287 1,290 1,293 1,296 1,298 1,301 1,304 1,307 1,309 1,312 1,315 1,318 1,320 1,323 1,326 1,329 1,331 1,334 1,337 1,340 1,342 1,345 1,348 1,351 1,353 1,356 1,359 1,362 1,364 1,367 1,370 1,373 1,375 1,378 1,381 1,384 At least But less than $24,000 24,000 24,050 24,100 24,150 24,200 24,250 24,300 24,350 24,400 24,450 24,500 24,550 24,600 24,650 24,700 24,750 24,800 24,850 24,900 24,950 25,000 25,050 25,100 25,150 25,200 25,250 25,300 25,350 25,400 25,450 25,500 25,550 25,600 25,650 25,700 25,750 25,800 25,850 25,900 25,950 26,000 26,050 26,100 26,150 26,200 26,250 26,300 26,350 26,400 26,450 26,500 26,550 26,600 26,650 26,700 26,750 26,800 26,850 26,900 26,950 24,050 24,100 24,150 24,200 24,250 24,300 24,350 24,400 24,450 24,500 24,550 24,600 24,650 24,700 24,750 24,800 24,850 24,900 24,950 25,000 25,050 25,100 25,150 25,200 25,250 25,300 25,350 25,400 25,450 25,500 25,550 25,600 25,650 25,700 25,750 25,800 25,850 25,900 25,950 26,000 26,050 26,100 26,150 26,200 26,250 26,300 26,350 26,400 26,450 26,500 26,550 26,600 26,650 26,700 26,750 26,800 26,850 26,900 26,950 27,000 1,089 1,092 1,095 1,098 1,100 1,103 1,106 1,109 1,111 1,114 1,117 1,120 1,122 1,125 1,128 1,131 1,133 1,136 1,139 1,142 1,144 1,147 1,150 1,153 1,155 1,158 1,161 1,164 1,166 1,169 1,172 1,175 1,177 1,180 1,183 1,186 1,188 1,191 1,194 1,197 1,199 1,202 1,205 1,208 1,210 1,213 1,216 1,219 1,221 1,224 1,227 1,230 1,232 1,235 1,238 1,241 1,243 1,246 1,249 1,252 $27,000 27,000 27,050 27,100 27,150 27,200 27,250 27,300 27,350 27,400 27,450 27,500 27,550 27,600 27,650 27,700 27,750 27,800 27,850 27,900 27,950 28,000 28,050 28,100 28,150 28,200 28,250 28,300 28,350 28,400 28,450 28,500 28,550 28,600 28,650 28,700 28,750 28,800 28,850 28,900 28,950 29,000 29,050 29,100 29,150 29,200 29,250 29,300 29,350 29,400 29,450 29,500 29,550 29,600 29,650 29,700 29,750 29,800 29,850 29,900 29,950 27,050 27,100 27,150 27,200 27,250 27,300 27,350 27,400 27,450 27,500 27,550 27,600 27,650 27,700 27,750 27,800 27,850 27,900 27,950 28,000 28,050 28,100 28,150 28,200 28,250 28,300 28,350 28,400 28,450 28,500 28,550 28,600 28,650 28,700 28,750 28,800 28,850 28,900 28,950 29,000 29,050 29,100 29,150 29,200 29,250 29,300 29,350 29,400 29,450 29,500 29,550 29,600 29,650 29,700 29,750 29,800 29,850 29,900 29,950 30,000 1,254 1,257 1,260 1,263 1,265 1,268 1,271 1,274 1,276 1,279 1,282 1,285 1,287 1,290 1,293 1,296 1,298 1,301 1,304 1,307 1,309 1,312 1,315 1,318 1,320 1,323 1,326 1,329 1,331 1,334 1,337 1,340 1,342 1,345 1,348 1,351 1,353 1,356 1,359 1,362 1,364 1,367 1,370 1,373 1,375 1,378 1,381 1,384 1,386 1,389 1,392 1,395 1,397 1,400 1,403 1,406 1,408 1,411 1,414 1,417 $30,000 30,000 30,050 30,100 30,150 30,200 30,250 30,300 30,350 30,400 30,450 30,500 30,550 30,600 30,650 30,700 30,750 30,800 30,850 30,900 30,950 31,000 31,050 31,100 31,150 31,200 31,250 31,300 31,350 31,400 31,450 31,500 31,550 31,600 31,650 31,700 31,750 31,800 31,850 31,900 31,950 32,000 32,050 32,100 32,150 32,200 32,250 32,300 32,350 32,400 32,450 32,500 32,550 32,600 32,650 32,700 32,750 32,800 32,850 32,900 32,950 30,050 30,100 30,150 30,200 30,250 30,300 30,350 30,400 30,450 30,500 30,550 30,600 30,650 30,700 30,750 30,800 30,850 30,900 30,950 31,000 31,050 31,100 31,150 31,200 31,250 31,300 31,350 31,400 31,450 31,500 31,550 31,600 31,650 31,700 31,750 31,800 31,850 31,900 31,950 32,000 32,050 32,100 32,150 32,200 32,250 32,300 32,350 32,400 32,450 32,500 32,550 32,600 32,650 32,700 32,750 32,800 32,850 32,900 32,950 33,000 1,419 1,422 1,425 1,428 1,430 1,433 1,436 1,439 1,441 1,444 1,447 1,450 1,452 1,455 1,458 1,461 1,463 1,466 1,469 1,472 1,474 1,477 1,480 1,483 1,485 1,488 1,491 1,494 1,496 1,499 1,502 1,505 1,507 1,510 1,513 1,516 1,518 1,521 1,524 1,527 1,529 1,532 1,535 1,538 1,540 1,543 1,546 1,549 1,551 1,554 1,557 1,560 1,562 1,565 1,568 1,571 1,573 1,576 1,579 1,582 $25,000 $28,000 $31,000 $26,000 $29,000 $32,000 * This column must also be used by a Qualified Widow(er). 23
Slide 24: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 1,386 1,389 1,392 1,395 1,397 1,400 1,403 1,406 1,408 1,411 1,414 1,417 1,419 1,422 1,425 1,428 1,430 1,433 1,436 1,439 1,441 1,444 1,447 1,450 1,452 1,455 1,458 1,461 1,463 1,466 1,469 1,472 1,474 1,477 1,480 1,483 1,485 1,488 1,491 1,494 1,496 1,499 1,502 1,505 1,507 1,510 1,513 1,516 1,518 1,521 1,524 1,527 1,529 1,532 1,535 1,538 1,540 1,543 1,546 1,549 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 1,551 1,554 1,557 1,560 1,562 1,565 1,568 1,571 1,573 1,576 1,579 1,582 1,584 1,587 1,590 1,593 1,595 1,598 1,601 1,604 1,606 1,609 1,612 1,615 1,617 1,620 1,623 1,626 1,628 1,631 1,634 1,637 1,639 1,642 1,645 1,648 1,650 1,653 1,656 1,659 1,661 1,664 1,667 1,670 1,672 1,675 1,678 1,681 1,683 1,686 1,689 1,692 1,694 1,697 1,700 1,703 1,705 1,708 1,711 1,714 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 1,716 1,719 1,722 1,725 1,727 1,730 1,733 1,736 1,738 1,741 1,744 1,747 1,749 1,752 1,755 1,758 1,760 1,763 1,766 1,769 1,771 1,774 1,777 1,780 1,782 1,785 1,788 1,791 1,793 1,796 1,799 1,802 1,804 1,807 1,810 1,813 1,815 1,818 1,821 1,824 1,826 1,829 1,832 1,835 1,837 1,840 1,843 1,846 1,848 1,851 1,854 1,857 1,859 1,862 1,865 1,868 1,870 1,873 1,876 1,879 At least But less than $33,000 33,000 33,050 33,100 33,150 33,200 33,250 33,300 33,350 33,400 33,450 33,500 33,550 33,600 33,650 33,700 33,750 33,800 33,850 33,900 33,950 34,000 34,050 34,100 34,150 34,200 34,250 34,300 34,350 34,400 34,450 34,500 34,550 34,600 34,650 34,700 34,750 34,800 34,850 34,900 34,950 35,000 35,050 35,100 35,150 35,200 35,250 35,300 35,350 35,400 35,450 35,500 35,550 35,600 35,650 35,700 35,750 35,800 35,850 35,900 35,950 33,050 33,100 33,150 33,200 33,250 33,300 33,350 33,400 33,450 33,500 33,550 33,600 33,650 33,700 33,750 33,800 33,850 33,900 33,950 34,000 34,050 34,100 34,150 34,200 34,250 34,300 34,350 34,400 34,450 34,500 34,550 34,600 34,650 34,700 34,750 34,800 34,850 34,900 34,950 35,000 35,050 35,100 35,150 35,200 35,250 35,300 35,350 35,400 35,450 35,500 35,550 35,600 35,650 35,700 35,750 35,800 35,850 35,900 35,950 36,000 1,584 1,587 1,590 1,593 1,595 1,598 1,601 1,604 1,606 1,609 1,612 1,615 1,617 1,620 1,623 1,626 1,628 1,631 1,634 1,637 1,639 1,642 1,645 1,648 1,650 1,653 1,656 1,659 1,661 1,664 1,667 1,670 1,672 1,675 1,678 1,681 1,683 1,686 1,689 1,692 1,694 1,697 1,700 1,703 1,705 1,708 1,711 1,714 1,716 1,719 1,722 1,725 1,727 1,730 1,733 1,736 1,738 1,741 1,744 1,747 $36,000 36,000 36,050 36,100 36,150 36,200 36,250 36,300 36,350 36,400 36,450 36,500 36,550 36,600 36,650 36,700 36,750 36,800 36,850 36,900 36,950 37,000 37,050 37,100 37,150 37,200 37,250 37,300 37,350 37,400 37,450 37,500 37,550 37,600 37,650 37,700 37,750 37,800 37,850 37,900 37,950 38,000 38,050 38,100 38,150 38,200 38,250 38,300 38,350 38,400 38,450 38,500 38,550 38,600 38,650 38,700 38,750 38,800 38,850 38,900 38,950 36,050 36,100 36,150 36,200 36,250 36,300 36,350 36,400 36,450 36,500 36,550 36,600 36,650 36,700 36,750 36,800 36,850 36,900 36,950 37,000 37,050 37,100 37,150 37,200 37,250 37,300 37,350 37,400 37,450 37,500 37,550 37,600 37,650 37,700 37,750 37,800 37,850 37,900 37,950 38,000 38,050 38,100 38,150 38,200 38,250 38,300 38,350 38,400 38,450 38,500 38,550 38,600 38,650 38,700 38,750 38,800 38,850 38,900 38,950 39,000 1,749 1,752 1,755 1,758 1,760 1,763 1,766 1,769 1,771 1,774 1,777 1,780 1,782 1,785 1,788 1,791 1,793 1,796 1,799 1,802 1,804 1,807 1,810 1,813 1,815 1,818 1,821 1,824 1,826 1,829 1,832 1,835 1,837 1,840 1,843 1,846 1,848 1,851 1,854 1,857 1,859 1,862 1,865 1,868 1,870 1,873 1,876 1,879 1,881 1,884 1,887 1,890 1,892 1,895 1,898 1,901 1,903 1,906 1,909 1,912 $39,000 39,000 39,050 39,100 39,150 39,200 39,250 39,300 39,350 39,400 39,450 39,500 39,550 39,600 39,650 39,700 39,750 39,800 39,850 39,900 39,950 40,000 40,050 40,100 40,150 40,200 40,250 40,300 40,350 40,400 40,450 40,500 40,550 40,600 40,650 40,700 40,750 40,800 40,850 40,900 40,950 41,000 41,050 41,100 41,150 41,200 41,250 41,300 41,350 41,400 41,450 41,500 41,550 41,600 41,650 41,700 41,750 41,800 41,850 41,900 41,950 39,050 39,100 39,150 39,200 39,250 39,300 39,350 39,400 39,450 39,500 39,550 39,600 39,650 39,700 39,750 39,800 39,850 39,900 39,950 40,000 40,050 40,100 40,150 40,200 40,250 40,300 40,350 40,400 40,450 40,500 40,550 40,600 40,650 40,700 40,750 40,800 40,850 40,900 40,950 41,000 41,050 41,100 41,150 41,200 41,250 41,300 41,350 41,400 41,450 41,500 41,550 41,600 41,650 41,700 41,750 41,800 41,850 41,900 41,950 42,000 1,914 1,917 1,920 1,923 1,925 1,928 1,931 1,934 1,936 1,939 1,942 1,945 1,947 1,950 1,953 1,956 1,958 1,961 1,964 1,967 1,969 1,972 1,975 1,978 1,980 1,983 1,986 1,989 1,991 1,994 1,997 2,000 2,002 2,005 2,008 2,011 2,013 2,016 2,019 2,022 2,024 2,027 2,030 2,033 2,035 2,038 2,041 2,044 2,046 2,049 2,052 2,055 2,057 2,060 2,063 2,066 2,068 2,071 2,074 2,077 $34,000 $37,000 $40,000 $35,000 $38,000 $41,000 * This column must also be used by a Qualified Widow(er). 24
Slide 25: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 1,881 1,884 1,887 1,890 1,892 1,895 1,898 1,901 1,903 1,906 1,909 1,912 1,914 1,917 1,920 1,923 1,925 1,928 1,931 1,934 1,936 1,939 1,942 1,945 1,947 1,950 1,953 1,956 1,958 1,961 1,964 1,967 1,969 1,972 1,975 1,978 1,980 1,983 1,986 1,989 1,991 1,994 1,997 2,000 2,002 2,005 2,008 2,011 2,013 2,016 2,019 2,022 2,024 2,027 2,030 2,033 2,035 2,038 2,041 2,044 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 2,046 2,049 2,052 2,055 2,057 2,060 2,063 2,066 2,068 2,071 2,074 2,077 2,079 2,082 2,085 2,088 2,090 2,093 2,096 2,099 2,101 2,104 2,107 2,110 2,112 2,115 2,118 2,121 2,123 2,126 2,129 2,132 2,134 2,137 2,140 2,143 2,145 2,148 2,151 2,154 2,156 2,159 2,162 2,165 2,167 2,170 2,173 2,176 2,178 2,181 2,184 2,187 2,189 2,192 2,195 2,198 2,200 2,203 2,206 2,209 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 2,211 2,214 2,217 2,220 2,222 2,225 2,228 2,231 2,233 2,236 2,239 2,242 2,244 2,247 2,250 2,253 2,255 2,258 2,261 2,264 2,266 2,269 2,272 2,275 2,277 2,280 2,283 2,286 2,288 2,291 2,294 2,297 2,299 2,302 2,305 2,308 2,310 2,313 2,316 2,319 2,321 2,324 2,327 2,330 2,332 2,335 2,338 2,341 2,343 2,346 2,349 2,352 2,354 2,357 2,360 2,363 2,365 2,368 2,371 2,374 At least But less than $42,000 42,000 42,050 42,100 42,150 42,200 42,250 42,300 42,350 42,400 42,450 42,500 42,550 42,600 42,650 42,700 42,750 42,800 42,850 42,900 42,950 43,000 43,050 43,100 43,150 43,200 43,250 43,300 43,350 43,400 43,450 43,500 43,550 43,600 43,650 43,700 43,750 43,800 43,850 43,900 43,950 44,000 44,050 44,100 44,150 44,200 44,250 44,300 44,350 44,400 44,450 44,500 44,550 44,600 44,650 44,700 44,750 44,800 44,850 44,900 44,950 42,050 42,100 42,150 42,200 42,250 42,300 42,350 42,400 42,450 42,500 42,550 42,600 42,650 42,700 42,750 42,800 42,850 42,900 42,950 43,000 43,050 43,100 43,150 43,200 43,250 43,300 43,350 43,400 43,450 43,500 43,550 43,600 43,650 43,700 43,750 43,800 43,850 43,900 43,950 44,000 44,050 44,100 44,150 44,200 44,250 44,300 44,350 44,400 44,450 44,500 44,550 44,600 44,650 44,700 44,750 44,800 44,850 44,900 44,950 45,000 2,079 2,082 2,085 2,088 2,090 2,093 2,096 2,099 2,101 2,104 2,107 2,110 2,112 2,115 2,118 2,121 2,123 2,126 2,129 2,132 2,134 2,137 2,140 2,143 2,145 2,148 2,151 2,154 2,156 2,159 2,162 2,165 2,167 2,170 2,173 2,176 2,178 2,181 2,184 2,187 2,189 2,192 2,195 2,198 2,200 2,203 2,206 2,209 2,211 2,214 2,217 2,220 2,222 2,225 2,228 2,231 2,233 2,236 2,239 2,242 $45,000 45,000 45,050 45,100 45,150 45,200 45,250 45,300 45,350 45,400 45,450 45,500 45,550 45,600 45,650 45,700 45,750 45,800 45,850 45,900 45,950 46,000 46,050 46,100 46,150 46,200 46,250 46,300 46,350 46,400 46,450 46,500 46,550 46,600 46,650 46,700 46,750 46,800 46,850 46,900 46,950 47,000 47,050 47,100 47,150 47,200 47,250 47,300 47,350 47,400 47,450 47,500 47,550 47,600 47,650 47,700 47,750 47,800 47,850 47,900 47,950 45,050 45,100 45,150 45,200 45,250 45,300 45,350 45,400 45,450 45,500 45,550 45,600 45,650 45,700 45,750 45,800 45,850 45,900 45,950 46,000 46,050 46,100 46,150 46,200 46,250 46,300 46,350 46,400 46,450 46,500 46,550 46,600 46,650 46,700 46,750 46,800 46,850 46,900 46,950 47,000 47,050 47,100 47,150 47,200 47,250 47,300 47,350 47,400 47,450 47,500 47,550 47,600 47,650 47,700 47,750 47,800 47,850 47,900 47,950 48,000 2,244 2,247 2,250 2,253 2,255 2,258 2,261 2,264 2,266 2,269 2,272 2,275 2,277 2,280 2,283 2,286 2,288 2,291 2,294 2,297 2,299 2,302 2,305 2,308 2,310 2,313 2,316 2,319 2,321 2,324 2,327 2,330 2,332 2,335 2,338 2,341 2,343 2,346 2,349 2,352 2,354 2,357 2,360 2,363 2,365 2,368 2,371 2,374 2,376 2,379 2,382 2,385 2,387 2,390 2,393 2,396 2,398 2,401 2,404 2,407 $48,000 48,000 48,050 48,100 48,150 48,200 48,250 48,300 48,350 48,400 48,450 48,500 48,550 48,600 48,650 48,700 48,750 48,800 48,850 48,900 48,950 49,000 49,050 49,100 49,150 49,200 49,250 49,300 49,350 49,400 49,450 49,500 49,550 49,600 49,650 49,700 49,750 49,800 49,850 49,900 49,950 50,000 50,050 50,100 50,150 50,200 50,250 50,300 50,350 50,400 50,450 50,500 50,550 50,600 50,650 50,700 50,750 50,800 50,850 50,900 50,950 48,050 48,100 48,150 48,200 48,250 48,300 48,350 48,400 48,450 48,500 48,550 48,600 48,650 48,700 48,750 48,800 48,850 48,900 48,950 49,000 49,050 49,100 49,150 49,200 49,250 49,300 49,350 49,400 49,450 49,500 49,550 49,600 49,650 49,700 49,750 49,800 49,850 49,900 49,950 50,000 50,050 50,100 50,150 50,200 50,250 50,300 50,350 50,400 50,450 50,500 50,550 50,600 50,650 50,700 50,750 50,800 50,850 50,900 50,950 51,000 2,409 2,412 2,415 2,418 2,420 2,423 2,426 2,429 2,431 2,434 2,437 2,440 2,442 2,445 2,448 2,451 2,453 2,456 2,459 2,462 2,464 2,467 2,470 2,473 2,475 2,478 2,481 2,484 2,486 2,489 2,492 2,495 2,497 2,500 2,503 2,506 2,508 2,511 2,514 2,517 2,519 2,522 2,525 2,528 2,530 2,533 2,536 2,539 2,541 2,544 2,547 2,550 2,552 2,555 2,558 2,561 2,563 2,566 2,569 2,572 $43,000 $46,000 $49,000 $44,000 $47,000 $50,000 * This column must also be used by a Qualified Widow(er). 25
Slide 26: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 2,376 2,379 2,382 2,385 2,387 2,390 2,393 2,396 2,398 2,401 2,404 2,407 2,409 2,412 2,415 2,418 2,420 2,423 2,426 2,429 2,431 2,434 2,437 2,440 2,442 2,445 2,448 2,451 2,453 2,456 2,459 2,462 2,464 2,467 2,470 2,473 2,475 2,478 2,481 2,484 2,486 2,489 2,492 2,495 2,497 2,500 2,503 2,506 2,508 2,511 2,514 2,517 2,519 2,522 2,525 2,528 2,530 2,533 2,536 2,539 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 2,541 2,544 2,547 2,550 2,552 2,555 2,558 2,561 2,563 2,566 2,569 2,572 2,574 2,577 2,580 2,583 2,585 2,588 2,591 2,594 2,596 2,599 2,602 2,605 2,607 2,610 2,613 2,616 2,618 2,621 2,624 2,627 2,629 2,632 2,635 2,638 2,640 2,643 2,646 2,649 2,651 2,654 2,657 2,660 2,662 2,665 2,668 2,671 2,673 2,676 2,679 2,682 2,684 2,687 2,690 2,693 2,695 2,698 2,701 2,704 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 2,706 2,709 2,712 2,715 2,717 2,720 2,723 2,726 2,728 2,731 2,734 2,737 2,739 2,742 2,745 2,748 2,750 2,753 2,756 2,759 2,761 2,764 2,767 2,770 2,772 2,775 2,778 2,781 2,783 2,786 2,789 2,792 2,794 2,797 2,800 2,803 2,805 2,808 2,811 2,814 2,816 2,819 2,822 2,825 2,827 2,830 2,833 2,836 2,838 2,841 2,844 2,847 2,849 2,852 2,855 2,858 2,860 2,863 2,866 2,869 At least But less than $51,000 51,000 51,050 51,100 51,150 51,200 51,250 51,300 51,350 51,400 51,450 51,500 51,550 51,600 51,650 51,700 51,750 51,800 51,850 51,900 51,950 52,000 52,050 52,100 52,150 52,200 52,250 52,300 52,350 52,400 52,450 52,500 52,550 52,600 52,650 52,700 52,750 52,800 52,850 52,900 52,950 53,000 53,050 53,100 53,150 53,200 53,250 53,300 53,350 53,400 53,450 53,500 53,550 53,600 53,650 53,700 53,750 53,800 53,850 53,900 53,950 51,050 51,100 51,150 51,200 51,250 51,300 51,350 51,400 51,450 51,500 51,550 51,600 51,650 51,700 51,750 51,800 51,850 51,900 51,950 52,000 52,050 52,100 52,150 52,200 52,250 52,300 52,350 52,400 52,450 52,500 52,550 52,600 52,650 52,700 52,750 52,800 52,850 52,900 52,950 53,000 53,050 53,100 53,150 53,200 53,250 53,300 53,350 53,400 53,450 53,500 53,550 53,600 53,650 53,700 53,750 53,800 53,850 53,900 53,950 54,000 2,574 2,577 2,580 2,583 2,585 2,588 2,591 2,594 2,596 2,599 2,602 2,605 2,607 2,610 2,613 2,616 2,618 2,621 2,624 2,627 2,629 2,632 2,635 2,638 2,640 2,643 2,646 2,649 2,651 2,654 2,657 2,660 2,662 2,665 2,668 2,671 2,673 2,676 2,679 2,682 2,684 2,687 2,690 2,693 2,695 2,698 2,701 2,704 2,706 2,709 2,712 2,715 2,717 2,720 2,723 2,726 2,728 2,731 2,734 2,737 $54,000 54,000 54,050 54,100 54,150 54,200 54,250 54,300 54,350 54,400 54,450 54,500 54,550 54,600 54,650 54,700 54,750 54,800 54,850 54,900 54,950 55,000 55,050 55,100 55,150 55,200 55,250 55,300 55,350 55,400 55,450 55,500 55,550 55,600 55,650 55,700 55,750 55,800 55,850 55,900 55,950 56,000 56,050 56,100 56,150 56,200 56,250 56,300 56,350 56,400 56,450 56,500 56,550 56,600 56,650 56,700 56,750 56,800 56,850 56,900 56,950 54,050 54,100 54,150 54,200 54,250 54,300 54,350 54,400 54,450 54,500 54,550 54,600 54,650 54,700 54,750 54,800 54,850 54,900 54,950 55,000 55,050 55,100 55,150 55,200 55,250 55,300 55,350 55,400 55,450 55,500 55,550 55,600 55,650 55,700 55,750 55,800 55,850 55,900 55,950 56,000 56,050 56,100 56,150 56,200 56,250 56,300 56,350 56,400 56,450 56,500 56,550 56,600 56,650 56,700 56,750 56,800 56,850 56,900 56,950 57,000 2,739 2,742 2,745 2,748 2,750 2,753 2,756 2,759 2,761 2,764 2,767 2,770 2,772 2,775 2,778 2,781 2,783 2,786 2,789 2,792 2,794 2,797 2,800 2,803 2,805 2,808 2,811 2,814 2,816 2,819 2,822 2,825 2,827 2,830 2,833 2,836 2,838 2,841 2,844 2,847 2,849 2,852 2,855 2,858 2,860 2,863 2,866 2,869 2,871 2,874 2,877 2,880 2,882 2,885 2,888 2,891 2,893 2,896 2,899 2,902 $57,000 57,000 57,050 57,100 57,150 57,200 57,250 57,300 57,350 57,400 57,450 57,500 57,550 57,600 57,650 57,700 57,750 57,800 57,850 57,900 57,950 58,000 58,050 58,100 58,150 58,200 58,250 58,300 58,350 58,400 58,450 58,500 58,550 58,600 58,650 58,700 58,750 58,800 58,850 58,900 58,950 59,000 59,050 59,100 59,150 59,200 59,250 59,300 59,350 59,400 59,450 59,500 59,550 59,600 59,650 59,700 59,750 59,800 59,850 59,900 59,950 57,050 57,100 57,150 57,200 57,250 57,300 57,350 57,400 57,450 57,500 57,550 57,600 57,650 57,700 57,750 57,800 57,850 57,900 57,950 58,000 58,050 58,100 58,150 58,200 58,250 58,300 58,350 58,400 58,450 58,500 58,550 58,600 58,650 58,700 58,750 58,800 58,850 58,900 58,950 59,000 59,050 59,100 59,150 59,200 59,250 59,300 59,350 59,400 59,450 59,500 59,550 59,600 59,650 59,700 59,750 59,800 59,850 59,900 59,950 60,000 2,904 2,907 2,910 2,913 2,915 2,918 2,921 2,924 2,926 2,929 2,932 2,935 2,937 2,940 2,943 2,946 2,948 2,951 2,954 2,957 2,959 2,962 2,965 2,968 2,970 2,973 2,976 2,979 2,981 2,984 2,987 2,990 2,992 2,995 2,998 3,001 3,003 3,006 3,009 3,012 3,014 3,017 3,020 3,023 3,025 3,028 3,031 3,034 3,036 3,039 3,042 3,045 3,047 3,050 3,053 3,056 3,058 3,061 3,064 3,067 $52,000 $55,000 $58,000 $53,000 $56,000 $59,000 * This column must also be used by a Qualified Widow(er). 26
Slide 27: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 2,871 2,874 2,877 2,880 2,882 2,885 2,888 2,891 2,893 2,896 2,899 2,902 2,904 2,907 2,910 2,913 2,915 2,918 2,921 2,924 2,926 2,929 2,932 2,935 2,937 2,940 2,943 2,946 2,948 2,951 2,954 2,957 2,959 2,962 2,965 2,968 2,970 2,973 2,976 2,979 2,981 2,984 2,987 2,990 2,992 2,995 2,998 3,001 3,003 3,006 3,009 3,012 3,014 3,017 3,020 3,023 3,025 3,028 3,031 3,034 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 3,036 3,039 3,042 3,045 3,047 3,050 3,053 3,056 3,058 3,061 3,064 3,067 3,069 3,072 3,075 3,078 3,080 3,083 3,086 3,089 3,091 3,094 3,097 3,100 3,102 3,105 3,108 3,111 3,113 3,116 3,119 3,122 3,124 3,127 3,130 3,133 3,135 3,138 3,141 3,144 3,146 3,149 3,152 3,155 3,157 3,160 3,163 3,166 3,168 3,171 3,174 3,177 3,179 3,182 3,185 3,188 3,190 3,193 3,196 3,199 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 3,201 3,204 3,207 3,210 3,212 3,215 3,218 3,221 3,223 3,226 3,229 3,232 3,234 3,237 3,240 3,243 3,245 3,248 3,251 3,254 3,256 3,259 3,262 3,265 3,267 3,270 3,273 3,276 3,278 3,281 3,284 3,287 3,289 3,292 3,295 3,298 3,300 3,303 3,306 3,309 3,311 3,314 3,317 3,320 3,322 3,325 3,328 3,331 3,333 3,336 3,339 3,342 3,344 3,347 3,350 3,353 3,355 3,358 3,361 3,364 At least But less than $60,000 60,000 60,050 60,100 60,150 60,200 60,250 60,300 60,350 60,400 60,450 60,500 60,550 60,600 60,650 60,700 60,750 60,800 60,850 60,900 60,950 61,000 61,050 61,100 61,150 61,200 61,250 61,300 61,350 61,400 61,450 61,500 61,550 61,600 61,650 61,700 61,750 61,800 61,850 61,900 61,950 62,000 62,050 62,100 62,150 62,200 62,250 62,300 62,350 62,400 62,450 62,500 62,550 62,600 62,650 62,700 62,750 62,800 62,850 62,900 62,950 60,050 60,100 60,150 60,200 60,250 60,300 60,350 60,400 60,450 60,500 60,550 60,600 60,650 60,700 60,750 60,800 60,850 60,900 60,950 61,000 61,050 61,100 61,150 61,200 61,250 61,300 61,350 61,400 61,450 61,500 61,550 61,600 61,650 61,700 61,750 61,800 61,850 61,900 61,950 62,000 62,050 62,100 62,150 62,200 62,250 62,300 62,350 62,400 62,450 62,500 62,550 62,600 62,650 62,700 62,750 62,800 62,850 62,900 62,950 63,000 3,069 3,072 3,075 3,078 3,080 3,083 3,086 3,089 3,091 3,094 3,097 3,100 3,102 3,105 3,108 3,111 3,113 3,116 3,119 3,122 3,124 3,127 3,130 3,133 3,135 3,138 3,141 3,144 3,146 3,149 3,152 3,155 3,157 3,160 3,163 3,166 3,168 3,171 3,174 3,177 3,179 3,182 3,185 3,188 3,190 3,193 3,196 3,199 3,201 3,204 3,207 3,210 3,212 3,215 3,218 3,221 3,223 3,226 3,229 3,232 $63,000 63,000 63,050 63,100 63,150 63,200 63,250 63,300 63,350 63,400 63,450 63,500 63,550 63,600 63,650 63,700 63,750 63,800 63,850 63,900 63,950 64,000 64,050 64,100 64,150 64,200 64,250 64,300 64,350 64,400 64,450 64,500 64,550 64,600 64,650 64,700 64,750 64,800 64,850 64,900 64,950 65,000 65,050 65,100 65,150 65,200 65,250 65,300 65,350 65,400 65,450 65,500 65,550 65,600 65,650 65,700 65,750 65,800 65,850 65,900 65,950 63,050 63,100 63,150 63,200 63,250 63,300 63,350 63,400 63,450 63,500 63,550 63,600 63,650 63,700 63,750 63,800 63,850 63,900 63,950 64,000 64,050 64,100 64,150 64,200 64,250 64,300 64,350 64,400 64,450 64,500 64,550 64,600 64,650 64,700 64,750 64,800 64,850 64,900 64,950 65,000 65,050 65,100 65,150 65,200 65,250 65,300 65,350 65,400 65,450 65,500 65,550 65,600 65,650 65,700 65,750 65,800 65,850 65,900 65,950 66,000 3,234 3,237 3,240 3,243 3,245 3,248 3,251 3,254 3,256 3,259 3,262 3,265 3,267 3,270 3,273 3,276 3,278 3,281 3,284 3,287 3,289 3,292 3,295 3,298 3,300 3,303 3,306 3,309 3,311 3,314 3,317 3,320 3,322 3,325 3,328 3,331 3,333 3,336 3,339 3,342 3,344 3,347 3,350 3,353 3,355 3,358 3,361 3,364 3,366 3,369 3,372 3,375 3,377 3,380 3,383 3,386 3,388 3,391 3,394 3,397 $66,000 66,000 66,050 66,100 66,150 66,200 66,250 66,300 66,350 66,400 66,450 66,500 66,550 66,600 66,650 66,700 66,750 66,800 66,850 66,900 66,950 67,000 67,050 67,100 67,150 67,200 67,250 67,300 67,350 67,400 67,450 67,500 67,550 67,600 67,650 67,700 67,750 67,800 67,850 67,900 67,950 68,000 68,050 68,100 68,150 68,200 68,250 68,300 68,350 68,400 68,450 68,500 68,550 68,600 68,650 68,700 68,750 68,800 68,850 68,900 68,950 66,050 66,100 66,150 66,200 66,250 66,300 66,350 66,400 66,450 66,500 66,550 66,600 66,650 66,700 66,750 66,800 66,850 66,900 66,950 67,000 67,050 67,100 67,150 67,200 67,250 67,300 67,350 67,400 67,450 67,500 67,550 67,600 67,650 67,700 67,750 67,800 67,850 67,900 67,950 68,000 68,050 68,100 68,150 68,200 68,250 68,300 68,350 68,400 68,450 68,500 68,550 68,600 68,650 68,700 68,750 68,800 68,850 68,900 68,950 69,000 3,399 3,402 3,405 3,408 3,410 3,413 3,416 3,419 3,421 3,424 3,427 3,430 3,432 3,435 3,438 3,441 3,443 3,446 3,449 3,452 3,454 3,457 3,460 3,463 3,465 3,468 3,471 3,474 3,476 3,479 3,482 3,485 3,487 3,490 3,493 3,496 3,498 3,501 3,504 3,507 3,509 3,512 3,515 3,518 3,520 3,523 3,526 3,529 3,531 3,534 3,537 3,540 3,542 3,545 3,548 3,551 3,553 3,556 3,559 3,562 $61,000 $64,000 $67,000 $62,000 $65,000 $68,000 * This column must also be used by a Qualified Widow(er). 27
Slide 28: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 3,366 3,369 3,372 3,375 3,377 3,380 3,383 3,386 3,388 3,391 3,394 3,397 3,399 3,402 3,405 3,408 3,410 3,413 3,416 3,419 3,421 3,424 3,427 3,430 3,432 3,435 3,438 3,441 3,443 3,446 3,449 3,452 3,454 3,457 3,460 3,463 3,465 3,468 3,471 3,474 3,476 3,479 3,482 3,485 3,487 3,490 3,493 3,496 3,498 3,501 3,504 3,507 3,509 3,512 3,515 3,518 3,520 3,523 3,526 3,529 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 3,531 3,534 3,537 3,540 3,542 3,545 3,548 3,551 3,553 3,556 3,559 3,562 3,564 3,567 3,570 3,573 3,575 3,578 3,581 3,584 3,586 3,589 3,592 3,595 3,597 3,600 3,603 3,606 3,608 3,611 3,614 3,617 3,619 3,622 3,625 3,628 3,630 3,633 3,636 3,639 3,641 3,644 3,647 3,650 3,652 3,655 3,658 3,661 3,663 3,666 3,669 3,672 3,674 3,677 3,680 3,683 3,685 3,688 3,691 3,694 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 3,696 3,699 3,702 3,705 3,707 3,710 3,713 3,716 3,718 3,721 3,724 3,727 3,729 3,732 3,735 3,738 3,740 3,743 3,746 3,749 3,751 3,754 3,757 3,760 3,762 3,765 3,768 3,771 3,773 3,776 3,779 3,782 3,784 3,787 3,790 3,793 3,795 3,798 3,801 3,804 3,806 3,809 3,812 3,815 3,817 3,820 3,823 3,826 3,828 3,831 3,834 3,837 3,839 3,842 3,845 3,848 3,850 3,853 3,856 3,859 At least But less than $69,000 69,000 69,050 69,100 69,150 69,200 69,250 69,300 69,350 69,400 69,450 69,500 69,550 69,600 69,650 69,700 69,750 69,800 69,850 69,900 69,950 70,000 70,050 70,100 70,150 70,200 70,250 70,300 70,350 70,400 70,450 70,500 70,550 70,600 70,650 70,700 70,750 70,800 70,850 70,900 70,950 71,000 71,050 71,100 71,150 71,200 71,250 71,300 71,350 71,400 71,450 71,500 71,550 71,600 71,650 71,700 71,750 71,800 71,850 71,900 71,950 69,050 69,100 69,150 69,200 69,250 69,300 69,350 69,400 69,450 69,500 69,550 69,600 69,650 69,700 69,750 69,800 69,850 69,900 69,950 70,000 70,050 70,100 70,150 70,200 70,250 70,300 70,350 70,400 70,450 70,500 70,550 70,600 70,650 70,700 70,750 70,800 70,850 70,900 70,950 71,000 71,050 71,100 71,150 71,200 71,250 71,300 71,350 71,400 71,450 71,500 71,550 71,600 71,650 71,700 71,750 71,800 71,850 71,900 71,950 72,000 3,564 3,567 3,570 3,573 3,575 3,578 3,581 3,584 3,586 3,589 3,592 3,595 3,597 3,600 3,603 3,606 3,608 3,611 3,614 3,617 3,619 3,622 3,625 3,628 3,630 3,633 3,636 3,639 3,641 3,644 3,647 3,650 3,652 3,655 3,658 3,661 3,663 3,666 3,669 3,672 3,674 3,677 3,680 3,683 3,685 3,688 3,691 3,694 3,696 3,699 3,702 3,705 3,707 3,710 3,713 3,716 3,718 3,721 3,724 3,727 $72,000 72,000 72,050 72,100 72,150 72,200 72,250 72,300 72,350 72,400 72,450 72,500 72,550 72,600 72,650 72,700 72,750 72,800 72,850 72,900 72,950 73,000 73,050 73,100 73,150 73,200 73,250 73,300 73,350 73,400 73,450 73,500 73,550 73,600 73,650 73,700 73,750 73,800 73,850 73,900 73,950 74,000 74,050 74,100 74,150 74,200 74,250 74,300 74,350 74,400 74,450 74,500 74,550 74,600 74,650 74,700 74,750 74,800 74,850 74,900 74,950 72,050 72,100 72,150 72,200 72,250 72,300 72,350 72,400 72,450 72,500 72,550 72,600 72,650 72,700 72,750 72,800 72,850 72,900 72,950 73,000 73,050 73,100 73,150 73,200 73,250 73,300 73,350 73,400 73,450 73,500 73,550 73,600 73,650 73,700 73,750 73,800 73,850 73,900 73,950 74,000 74,050 74,100 74,150 74,200 74,250 74,300 74,350 74,400 74,450 74,500 74,550 74,600 74,650 74,700 74,750 74,800 74,850 74,900 74,950 75,000 3,729 3,732 3,735 3,738 3,740 3,743 3,746 3,749 3,751 3,754 3,757 3,760 3,762 3,765 3,768 3,771 3,773 3,776 3,779 3,782 3,784 3,787 3,790 3,793 3,795 3,798 3,801 3,804 3,806 3,809 3,812 3,815 3,817 3,820 3,823 3,826 3,828 3,831 3,834 3,837 3,839 3,842 3,845 3,848 3,850 3,853 3,856 3,859 3,861 3,864 3,867 3,870 3,872 3,875 3,878 3,881 3,883 3,886 3,889 3,892 $75,000 75,000 75,050 75,100 75,150 75,200 75,250 75,300 75,350 75,400 75,450 75,500 75,550 75,600 75,650 75,700 75,750 75,800 75,850 75,900 75,950 76,000 76,050 76,100 76,150 76,200 76,250 76,300 76,350 76,400 76,450 76,500 76,550 76,600 76,650 76,700 76,750 76,800 76,850 76,900 76,950 77,000 77,050 77,100 77,150 77,200 77,250 77,300 77,350 77,400 77,450 77,500 77,550 77,600 77,650 77,700 77,750 77,800 77,850 77,900 77,950 75,050 75,100 75,150 75,200 75,250 75,300 75,350 75,400 75,450 75,500 75,550 75,600 75,650 75,700 75,750 75,800 75,850 75,900 75,950 76,000 76,050 76,100 76,150 76,200 76,250 76,300 76,350 76,400 76,450 76,500 76,550 76,600 76,650 76,700 76,750 76,800 76,850 76,900 76,950 77,000 77,050 77,100 77,150 77,200 77,250 77,300 77,350 77,400 77,450 77,500 77,550 77,600 77,650 77,700 77,750 77,800 77,850 77,900 77,950 78,000 3,894 3,897 3,900 3,903 3,905 3,908 3,911 3,914 3,916 3,919 3,922 3,925 3,927 3,930 3,933 3,936 3,938 3,941 3,944 3,947 3,949 3,952 3,955 3,958 3,960 3,963 3,966 3,969 3,971 3,974 3,977 3,980 3,982 3,985 3,988 3,991 3,993 3,996 3,999 4,002 4,004 4,007 4,010 4,013 4,015 4,018 4,021 4,024 4,026 4,029 4,032 4,035 4,037 4,040 4,043 4,046 4,048 4,051 4,054 4,057 $70,000 $73,000 $76,000 $71,000 $74,000 $77,000 * This column must also be used by a Qualified Widow(er). 28
Slide 29: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 3,861 3,864 3,867 3,870 3,872 3,875 3,878 3,881 3,883 3,886 3,889 3,892 3,894 3,897 3,900 3,903 3,905 3,908 3,911 3,914 3,916 3,919 3,922 3,925 3,927 3,930 3,933 3,936 3,938 3,941 3,944 3,947 3,949 3,952 3,955 3,958 3,960 3,963 3,966 3,969 3,971 3,974 3,977 3,980 3,982 3,985 3,988 3,991 3,993 3,996 3,999 4,002 4,004 4,007 4,010 4,013 4,015 4,018 4,021 4,024 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 4,026 4,029 4,032 4,035 4,037 4,040 4,043 4,046 4,048 4,051 4,054 4,057 4,059 4,062 4,065 4,068 4,070 4,073 4,076 4,079 4,081 4,084 4,087 4,090 4,092 4,095 4,098 4,101 4,103 4,106 4,109 4,112 4,114 4,117 4,120 4,123 4,125 4,128 4,131 4,134 4,136 4,139 4,142 4,145 4,147 4,150 4,153 4,156 4,158 4,161 4,164 4,167 4,169 4,172 4,175 4,178 4,180 4,183 4,186 4,189 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 4,191 4,194 4,197 4,200 4,202 4,205 4,208 4,211 4,213 4,216 4,219 4,222 4,224 4,227 4,230 4,233 4,235 4,238 4,241 4,244 4,246 4,249 4,252 4,255 4,257 4,260 4,263 4,266 4,268 4,271 4,274 4,277 4,279 4,282 4,285 4,288 4,290 4,293 4,296 4,299 4,301 4,304 4,307 4,310 4,312 4,315 4,318 4,321 4,323 4,326 4,329 4,332 4,334 4,337 4,340 4,343 4,345 4,348 4,351 4,354 At least But less than $78,000 78,000 78,050 78,100 78,150 78,200 78,250 78,300 78,350 78,400 78,450 78,500 78,550 78,600 78,650 78,700 78,750 78,800 78,850 78,900 78,950 79,000 79,050 79,100 79,150 79,200 79,250 79,300 79,350 79,400 79,450 79,500 79,550 79,600 79,650 79,700 79,750 79,800 79,850 79,900 79,950 80,000 80,050 80,100 80,150 80,200 80,250 80,300 80,350 80,400 80,450 80,500 80,550 80,600 80,650 80,700 80,750 80,800 80,850 80,900 80,950 78,050 78,100 78,150 78,200 78,250 78,300 78,350 78,400 78,450 78,500 78,550 78,600 78,650 78,700 78,750 78,800 78,850 78,900 78,950 79,000 79,050 79,100 79,150 79,200 79,250 79,300 79,350 79,400 79,450 79,500 79,550 79,600 79,650 79,700 79,750 79,800 79,850 79,900 79,950 80,000 80,050 80,100 80,150 80,200 80,250 80,300 80,350 80,400 80,450 80,500 80,550 80,600 80,650 80,700 80,750 80,800 80,850 80,900 80,950 81,000 4,059 4,062 4,065 4,068 4,070 4,073 4,076 4,079 4,081 4,084 4,087 4,090 4,092 4,095 4,098 4,101 4,103 4,106 4,109 4,112 4,114 4,117 4,120 4,123 4,125 4,128 4,131 4,134 4,136 4,139 4,142 4,145 4,147 4,150 4,153 4,156 4,158 4,161 4,164 4,167 4,169 4,172 4,175 4,178 4,180 4,183 4,186 4,189 4,191 4,194 4,197 4,200 4,202 4,205 4,208 4,211 4,213 4,216 4,219 4,222 $81,000 81,000 81,050 81,100 81,150 81,200 81,250 81,300 81,350 81,400 81,450 81,500 81,550 81,600 81,650 81,700 81,750 81,800 81,850 81,900 81,950 82,000 82,050 82,100 82,150 82,200 82,250 82,300 82,350 82,400 82,450 82,500 82,550 82,600 82,650 82,700 82,750 82,800 82,850 82,900 82,950 83,000 83,050 83,100 83,150 83,200 83,250 83,300 83,350 83,400 83,450 83,500 83,550 83,600 83,650 83,700 83,750 83,800 83,850 83,900 83,950 81,050 81,100 81,150 81,200 81,250 81,300 81,350 81,400 81,450 81,500 81,550 81,600 81,650 81,700 81,750 81,800 81,850 81,900 81,950 82,000 82,050 82,100 82,150 82,200 82,250 82,300 82,350 82,400 82,450 82,500 82,550 82,600 82,650 82,700 82,750 82,800 82,850 82,900 82,950 83,000 83,050 83,100 83,150 83,200 83,250 83,300 83,350 83,400 83,450 83,500 83,550 83,600 83,650 83,700 83,750 83,800 83,850 83,900 83,950 84,000 4,224 4,227 4,230 4,233 4,235 4,238 4,241 4,244 4,246 4,249 4,252 4,255 4,257 4,260 4,263 4,266 4,268 4,271 4,274 4,277 4,279 4,282 4,285 4,288 4,290 4,293 4,296 4,299 4,301 4,304 4,307 4,310 4,312 4,315 4,318 4,321 4,323 4,326 4,329 4,332 4,334 4,337 4,340 4,343 4,345 4,348 4,351 4,354 4,356 4,359 4,362 4,365 4,367 4,370 4,373 4,376 4,378 4,381 4,384 4,387 $84,000 84,000 84,050 84,100 84,150 84,200 84,250 84,300 84,350 84,400 84,450 84,500 84,550 84,600 84,650 84,700 84,750 84,800 84,850 84,900 84,950 85,000 85,050 85,100 85,150 85,200 85,250 85,300 85,350 85,400 85,450 85,500 85,550 85,600 85,650 85,700 85,750 85,800 85,850 85,900 85,950 86,000 86,050 86,100 86,150 86,200 86,250 86,300 86,350 86,400 86,450 86,500 86,550 86,600 86,650 86,700 86,750 86,800 86,850 86,900 86,950 84,050 84,100 84,150 84,200 84,250 84,300 84,350 84,400 84,450 84,500 84,550 84,600 84,650 84,700 84,750 84,800 84,850 84,900 84,950 85,000 85,050 85,100 85,150 85,200 85,250 85,300 85,350 85,400 85,450 85,500 85,550 85,600 85,650 85,700 85,750 85,800 85,850 85,900 85,950 86,000 86,050 86,100 86,150 86,200 86,250 86,300 86,350 86,400 86,450 86,500 86,550 86,600 86,650 86,700 86,750 86,800 86,850 86,900 86,950 87,000 4,389 4,392 4,395 4,398 4,400 4,403 4,406 4,409 4,411 4,414 4,417 4,420 4,422 4,425 4,428 4,431 4,433 4,436 4,439 4,442 4,444 4,447 4,450 4,453 4,455 4,458 4,461 4,464 4,466 4,469 4,472 4,475 4,477 4,480 4,483 4,486 4,488 4,491 4,494 4,497 4,499 4,502 4,505 4,508 4,510 4,513 4,516 4,519 4,521 4,524 4,527 4,530 4,532 4,535 4,538 4,541 4,543 4,546 4,549 4,552 $79,000 $82,000 $85,000 $80,000 $83,000 $86,000 * This column must also be used by a Qualified Widow(er). 29
Slide 30: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 4,356 4,359 4,362 4,365 4,367 4,370 4,373 4,376 4,378 4,381 4,384 4,387 4,389 4,392 4,395 4,398 4,400 4,403 4,406 4,409 4,411 4,414 4,417 4,420 4,422 4,425 4,428 4,431 4,433 4,436 4,439 4,442 4,444 4,447 4,450 4,453 4,455 4,458 4,461 4,464 4,466 4,469 4,472 4,475 4,477 4,480 4,483 4,486 4,488 4,491 4,494 4,497 4,499 4,502 4,505 4,508 4,510 4,513 4,516 4,519 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 4,521 4,524 4,527 4,530 4,532 4,535 4,538 4,541 4,543 4,546 4,549 4,552 4,554 4,557 4,560 4,563 4,565 4,568 4,571 4,574 4,576 4,579 4,582 4,585 4,587 4,590 4,593 4,596 4,598 4,601 4,604 4,607 4,609 4,612 4,615 4,618 4,620 4,623 4,626 4,629 4,631 4,634 4,637 4,640 4,642 4,645 4,648 4,651 4,653 4,656 4,659 4,662 4,664 4,667 4,670 4,673 4,675 4,678 4,681 4,684 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 4,686 4,689 4,692 4,695 4,697 4,700 4,703 4,706 4,708 4,711 4,714 4,717 4,719 4,722 4,725 4,728 4,730 4,733 4,736 4,739 4,741 4,744 4,747 4,750 4,752 4,755 4,758 4,761 4,763 4,766 4,769 4,772 4,774 4,777 4,780 4,783 4,785 4,788 4,791 4,794 4,796 4,799 4,802 4,805 4,807 4,810 4,813 4,816 4,818 4,821 4,824 4,827 4,829 4,832 4,835 4,838 4,840 4,843 4,846 4,849 At least But less than $87,000 87,000 87,050 87,100 87,150 87,200 87,250 87,300 87,350 87,400 87,450 87,500 87,550 87,600 87,650 87,700 87,750 87,800 87,850 87,900 87,950 88,000 88,050 88,100 88,150 88,200 88,250 88,300 88,350 88,400 88,450 88,500 88,550 88,600 88,650 88,700 88,750 88,800 88,850 88,900 88,950 89,000 89,050 89,100 89,150 89,200 89,250 89,300 89,350 89,400 89,450 89,500 89,550 89,600 89,650 89,700 89,750 89,800 89,850 89,900 89,950 87,050 87,100 87,150 87,200 87,250 87,300 87,350 87,400 87,450 87,500 87,550 87,600 87,650 87,700 87,750 87,800 87,850 87,900 87,950 88,000 88,050 88,100 88,150 88,200 88,250 88,300 88,350 88,400 88,450 88,500 88,550 88,600 88,650 88,700 88,750 88,800 88,850 88,900 88,950 89,000 89,050 89,100 89,150 89,200 89,250 89,300 89,350 89,400 89,450 89,500 89,550 89,600 89,650 89,700 89,750 89,800 89,850 89,900 89,950 90,000 4,554 4,557 4,560 4,563 4,565 4,568 4,571 4,574 4,576 4,579 4,582 4,585 4,587 4,590 4,593 4,596 4,598 4,601 4,604 4,607 4,609 4,612 4,615 4,618 4,620 4,623 4,626 4,629 4,631 4,634 4,637 4,640 4,642 4,645 4,648 4,651 4,653 4,656 4,659 4,662 4,664 4,667 4,670 4,673 4,675 4,678 4,681 4,684 4,686 4,689 4,692 4,695 4,697 4,700 4,703 4,706 4,708 4,711 4,714 4,717 $90,000 90,000 90,050 90,100 90,150 90,200 90,250 90,300 90,350 90,400 90,450 90,500 90,550 90,600 90,650 90,700 90,750 90,800 90,850 90,900 90,950 91,000 91,050 91,100 91,150 91,200 91,250 91,300 91,350 91,400 91,450 91,500 91,550 91,600 91,650 91,700 91,750 91,800 91,850 91,900 91,950 92,000 92,050 92,100 92,150 92,200 92,250 92,300 92,350 92,400 92,450 92,500 92,550 92,600 92,650 92,700 92,750 92,800 92,850 92,900 92,950 90,050 90,100 90,150 90,200 90,250 90,300 90,350 90,400 90,450 90,500 90,550 90,600 90,650 90,700 90,750 90,800 90,850 90,900 90,950 91,000 91,050 91,100 91,150 91,200 91,250 91,300 91,350 91,400 91,450 91,500 91,550 91,600 91,650 91,700 91,750 91,800 91,850 91,900 91,950 92,000 92,050 92,100 92,150 92,200 92,250 92,300 92,350 92,400 92,450 92,500 92,550 92,600 92,650 92,700 92,750 92,800 92,850 92,900 92,950 93,000 4,719 4,722 4,725 4,728 4,730 4,733 4,736 4,739 4,741 4,744 4,747 4,750 4,752 4,755 4,758 4,761 4,763 4,766 4,769 4,772 4,774 4,777 4,780 4,783 4,785 4,788 4,791 4,794 4,796 4,799 4,802 4,805 4,807 4,810 4,813 4,816 4,818 4,821 4,824 4,827 4,829 4,832 4,835 4,838 4,840 4,843 4,846 4,849 4,851 4,854 4,857 4,860 4,862 4,865 4,868 4,871 4,873 4,876 4,879 4,882 $93,000 93,000 93,050 93,100 93,150 93,200 93,250 93,300 93,350 93,400 93,450 93,500 93,550 93,600 93,650 93,700 93,750 93,800 93,850 93,900 93,950 94,000 94,050 94,100 94,150 94,200 94,250 94,300 94,350 94,400 94,450 94,500 94,550 94,600 94,650 94,700 94,750 94,800 94,850 94,900 94,950 95,000 95,050 95,100 95,150 95,200 95,250 95,300 95,350 95,400 95,450 95,500 95,550 95,600 95,650 95,700 95,750 95,800 95,850 95,900 95,950 93,050 93,100 93,150 93,200 93,250 93,300 93,350 93,400 93,450 93,500 93,550 93,600 93,650 93,700 93,750 93,800 93,850 93,900 93,950 94,000 94,050 94,100 94,150 94,200 94,250 94,300 94,350 94,400 94,450 94,500 94,550 94,600 94,650 94,700 94,750 94,800 94,850 94,900 94,950 95,000 95,050 95,100 95,150 95,200 95,250 95,300 95,350 95,400 95,450 95,500 95,550 95,600 95,650 95,700 95,750 95,800 95,850 95,900 95,950 96,000 4,884 4,887 4,890 4,893 4,895 4,898 4,901 4,904 4,906 4,909 4,912 4,915 4,917 4,920 4,923 4,926 4,928 4,931 4,934 4,937 4,939 4,942 4,945 4,948 4,950 4,953 4,956 4,959 4,961 4,964 4,967 4,970 4,972 4,975 4,978 4,981 4,983 4,986 4,989 4,992 4,994 4,997 5,000 5,003 5,005 5,008 5,011 5,014 5,016 5,019 5,022 5,025 5,027 5,030 5,033 5,036 5,038 5,041 5,044 5,047 $88,000 $91,000 $94,000 $89,000 $92,000 $95,000 * This column must also be used by a Qualified Widow(er). 30
Slide 31: 2008 Oklahoma Income Tax Table If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 4,851 4,854 4,857 4,860 4,862 4,865 4,868 4,871 4,873 4,876 4,879 4,882 4,884 4,887 4,890 4,893 4,895 4,898 4,901 4,904 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 4,906 4,909 4,912 4,915 4,917 4,920 4,923 4,926 4,928 4,931 4,934 4,937 4,939 4,942 4,945 4,948 4,950 4,953 4,956 4,959 4,961 4,964 4,967 4,970 4,972 4,975 4,978 4,981 4,983 4,986 4,989 4,992 4,994 4,997 5,000 5,003 5,005 5,008 5,011 5,014 At least But less than If Oklahoma taxable income is: And you are: Single or married filing separate Married* filing joint or head of household Your tax is: 5,016 5,019 5,022 5,025 5,027 5,030 5,033 5,036 5,038 5,041 5,044 5,047 5,049 5,052 5,055 5,058 5,060 5,063 5,066 5,069 At least But less than $96,000 96,000 96,050 96,100 96,150 96,200 96,250 96,300 96,350 96,400 96,450 96,500 96,550 96,600 96,650 96,700 96,750 96,800 96,850 96,900 96,950 96,050 96,100 96,150 96,200 96,250 96,300 96,350 96,400 96,450 96,500 96,550 96,600 96,650 96,700 96,750 96,800 96,850 96,900 96,950 97,000 5,049 5,052 5,055 5,058 5,060 5,063 5,066 5,069 5,071 5,074 5,077 5,080 5,082 5,085 5,088 5,091 5,093 5,096 5,099 5,102 $97,000 97,000 97,050 97,100 97,150 97,200 97,250 97,300 97,350 97,400 97,450 97,500 97,550 97,600 97,650 97,700 97,750 97,800 97,850 97,900 97,950 98,000 98,050 98,100 98,150 98,200 98,250 98,300 98,350 98,400 98,450 98,500 98,550 98,600 98,650 98,700 98,750 98,800 98,850 98,900 98,950 97,050 97,100 97,150 97,200 97,250 97,300 97,350 97,400 97,450 97,500 97,550 97,600 97,650 97,700 97,750 97,800 97,850 97,900 97,950 98,000 98,050 98,100 98,150 98,200 98,250 98,300 98,350 98,400 98,450 98,500 98,550 98,600 98,650 98,700 98,750 98,800 98,850 98,900 98,950 99,000 5,104 5,107 5,110 5,113 5,115 5,118 5,121 5,124 5,126 5,129 5,132 5,135 5,137 5,140 5,143 5,146 5,148 5,151 5,154 5,157 5,159 5,162 5,165 5,168 5,170 5,173 5,176 5,179 5,181 5,184 5,187 5,190 5,192 5,195 5,198 5,201 5,203 5,206 5,209 5,212 $99,000 99,000 99,050 99,100 99,150 99,200 99,250 99,300 99,350 99,400 99,450 99,500 99,550 99,600 99,650 99,700 99,050 99,100 99,150 99,200 99,250 99,300 99,350 99,400 99,450 99,500 99,550 99,600 99,650 99,700 99,750 5,214 5,217 5,220 5,223 5,225 5,228 5,231 5,234 5,236 5,239 5,242 5,245 5,247 5,250 5,253 5,256 5,258 5,261 5,264 5,267 99,750 99,800 99,800 99,850 99,850 99,900 99,900 99,950 99,950 100,000 $98,000 Calculating Tax on Taxable Income of $100,000 or more for Single or Married Filing Separate $5,268 plus 0.055 over $100,000 1. Taxable Income Less 100,000 Calculating Tax on Taxable Income of $100,000 or more for Married Filing Joint, Head of Household or Qualified Widow(er) $5,070 plus 0.055 over $100,000 1. Taxable Income Less 100,000 2. 3. 2. 3. Total: Subtract Line 2 from Line 1 and enter here = Total: Subtract Line 2 from Line 1 and enter here = 4. Multiply Line 3 by 0.055 and enter here If your Taxable Income is $100,000 or more, use the tax computation worksheets. For Single or Married Filing Separate, use the worksheet on the left. For Married Filing Joint, Head of Household or Qualified Widow(er), use the worksheet on the right. 4. Multiply Line 3 by 0.055 and enter here 5. 6. Tax on $100,000 Total Tax: Add Line 4 to Line 5. Enter total here. This is your Total Tax = 5,268 5. 6. Tax on $100,000 5,070 Total Tax: Add Line 4 to Line 5. Enter total here. This is your Total Tax = * This column must also be used by a Qualified Widow(er). 31
Slide 32: How to Contact the Oklahoma Tax Commission Whether you need a tax form, have a question or need further information, there are many ways to reach us. Visit Us on the Web! You’ll find a wealth of information on our website, including downloadable tax forms, answers to common questions, and online filing options for both income and business taxes! Office Locations! Oklahoma City • (405) 521-3160 2501 North Lincoln Boulevard Tulsa • (918) 581-2399 440 South Houston, 5th Floor Ardmore • (580) 226-4636 301 West Main, Suite 316 Lawton • (580) 248-8440 1602 NW Lawton Ave., Suite B www.tax.ok.gov The Oklahoma Tax Commission can be reached at (405) 521-3160. The in-state toll free number is (800) 522-8165. Press “0” to speak to a Universal Recycling the representative. Also see Symbols box to the left for field office 1 phone numbers. Universal Recycling Symbol (Used as a generic symbol for recycling or to indicate that material is recyclable) Give Us a Call! Recycling Symbol for Type-1 Pla (polyethylene terephthalate 2 Recycling Symbol for Type-2 Pla (high density polyethylene) The Oklahoma Tax Commission is not required to give actual notice to taxpayers of changes in any state tax law. Oklahoma Tax Commission Income Tax P.O. Box 26800 Oklahoma City, OK 73126-0800 32 3 Recycling Symbol for Type-3 Pla This State of Recycling Symbol Black Universal Oklahoma income tax packet(vinyl, polyvinyl chloride) and form are printed on recycled papers. 4 5 Presort Standard 6 U.S. Postage Paid Oklahoma Tax Commission 7 Recycled Paper Symbol (Used to indicate 100% recycled paper content) Partially-Recycled Paper Symbol (Percentage of recycled paper content indicated in overlay or next to this symbol) Recycling Symbol for Type-4 Pla (low density polyethylene) Recycling Symbol for Type-5 Pla (polypropylene) Recycling Symbol for Type-6 Pla (polystyrene) Recycling Symbol for Type-7 Pla (other plastics) Recycling Symbol for Generic Ma (used together with other te labels to indicate type of ma be recycled) Courtesy of Heather Castles www.illustrationcastle.com For faster processing of your return, please remove the lower portion of the label at the right* and place in the name/address area of your Form 511. *If your packet does not have a mailing label in this area, please fill in the name/address area of your Form 511 completely.
Slide 33: State of Oklahoma This form is for full-year residents only. Part-year and nonresidents, use Form 511NR. The due date for this form is the 15th day of the fourth month after the close of the taxable year. Your Social Security Number Check box if this taxpayer is deceased Last name Spouse’s Social Security Number (joint return only) Name and Address Please Print or Type Your first name and middle initial Not Required to File Check this box if you do not have sufficient gross income to require you to file a Federal return. (see instructions) If a joint return, spouse’s first name and middle initial Last name Mailing address (number and street, including apartment number or rural route) City, State and Zip Exemptions Regular Yourself + Special Blind = Add the Totals from the 4 shaded boxes. Write the Total in the box below. Total = 1 _____ Single 2 _____ Married filing joint return (even if only one had income) 3 _____ Married filing separate • If spouse is also filing, list SSN and name in box: 4 _____ Head of household with qualifying person 5 _____ Qualifying widow(er) with dependent child • Please list the year spouse died in box at right: Yourself Spouse (Please see instructions) see + instructions see + instructions Spouse + FORM Resident Income Tax Return 511 Check box if this taxpayer is deceased 2 0 0 8 = Filing Status Number of dependent children = = Number of other dependents Age 65 or Over? Please Note: If you may be claimed as a dependent on another return, enter “0” for your regular exemption. Part One: To Arrive at Oklahoma Adjusted Gross Income If you are not required to file, see page 5 of instructions. If line 7 is different than line 1, enclose a copy of your Federal return. Round to Nearest Whole Dollar 1 2 3 4 5 6 7 1 2 3 4 5 6 7 Federal adjusted gross income (from Federal 1040, 1040A, or 1040EZ) . . Oklahoma Subtractions (enclose Schedule 511-A) . . . . . . . . . . . . . . . . . . . Line 1 minus line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Out-of-state income, except wages (enclose Federal schedule with description) . . . Line 3 minus line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Oklahoma Additions (enclose Schedule 511-B) . . . . . . . . . . . . . . . . . . . . . . Oklahoma adjusted gross income (line 5 plus line 6) . . . . . . . . . . . . . . . . 00 00 00 00 00 00 00 Part Two: Oklahoma Taxable Income, Tax and Credits Oklahoma Standard Deduction: • Single or Married Filing Separate: $3,250 • Married Filing Joint or Qualifying Widow(er): $6,500 • Head of Household: $4,875 Federal Itemized Deductions: Enclose copy of the Federal Schedule A. 8 9 Oklahoma Adjustments (enclose Schedule 511-C) . . . . . . . . . . . . . . . . . . . . Oklahoma income after adjustments (line 7 minus line 8) . . . . . . . . . . . . . . . 8 9 00 00 00 00 00 00 00 00 00 00 00 00 STOP AND READ: If line 4 is zero, complete lines 10-11. If line 4 is more than zero, see Schedule 511-D and do not complete lines 10-11. 10 Oklahoma standard deduction or Federal itemized deductions . . . . . . . . . . 10 11 Exemptions ($1000 x total number of exemptions claimed above) . . . . . . . . 11 12 Total deductions and exemptions (add lines 10 and 11 or amount from Sch. 511-D, line 5) . 12 13 14 Oklahoma Taxable Income (line 9 minus line 12) . . . . . . . . . . . . . . . . . . . Oklahoma Income Tax from Tax Table (see pages 20-31 of instructions) If using Farm Income Averaging, enter tax from Form 573, line 28 and enter a “1” in box. If paying the Health Savings Account additional 10% tax, add additional tax here and enter a “2” in box. 13 14 STOP AND READ: If line 7 is equal to or larger than line 1, complete line 15. If line 7 is smaller than line 1, complete Schedule 511-E. 15 Oklahoma child care/child tax credit (see instructions) . . . . . . . . . . . . . . . . . 15 16 Credit for taxes paid to another state (enclose Form 511TX) . . . . . . . . . . . . 16 17 Credit for biomedical research contribution (enclose proof of contribution) . .17 18 19 Other credits (511CR). List 511CR line number claimed here Income Tax (line 14 minus lines 15-18) Do not enter less than zero . DO NOT PAY THIS AMOUNT. PAYMENT IS FIGURED ON LINE 39. . . . . 18 ........ 19
Slide 34: 2008 Form 511 Page 2 Part Three: Tax, Credits and Payments For use tax tables, see page 11 of instructions. Enclose all W-2s, 1099s or other withholding statements. See back of Form 538-S or packet for further information. 20 21 22 23 24 25 26 27 28 Total from line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Use Tax. Check here if no use tax is due ......................... Balance (add lines 20 and 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Oklahoma withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 2008 estimated tax payments (qualified farmer ). 20 21 22 ... 24 25 26 27 28 2008 payment with extension . . . . . . . . . . . . . . . . . . . . . Low Income Property Tax Credit (enclose Form 538-H) Sales Tax Relief Credit (enclose Form 538-S) . . . . . . . . Tornado Tax Credit (enclose Form 509 or 575) . . . . . . . 00 00 00 00 00 00 00 30 00 00 00 STOP AND READ: If line 7 is equal to or more than line 1, complete line 29. If line 7 is smaller than line 1, complete Schedule 511-F. If you are not required to file, see special instructions on page 5 of packet. 29 30 Oklahoma Earned Income Credit (see instructions) . . . . 29 Total payments and credits (add lines 23-29) . . . . . . . . . . . . . . . . . . . . . . . . . 00 00 Part Four: Refund 31 For further information regarding estimated tax, see page 5 of instructions. If line 30 is more than line 22, subtract line 22 from line 30. This is your overpayment . Amount of line 31 to be applied to 2009 estimated tax . . 32 31 32 00 Schedule 511-G provides you with the opportunity to make a financial gift from your refund to a variety of Oklahoma organizations. Please place the line number of the organization from Schedule 511-G in the oval below. If you give to more than one organization, put a “99” in the oval. Enclose Schedule 511-G. 33 34 35 Donations from your refund (total from Schedule 511-G) 33 00 34 Total deductions from refund (add lines 32 and 33) . . . . . . . . . . . . . . . . . . . . . . Amount to be refunded to you (line 31 minus line 34) . . . . . . . . . . . . . . . . . . . . 35 Deposit my refund in my: Routing Number: Account Number: 00 00 Want a Faster Refund? Elect to have your refund directly deposited into your checking or savings account. Only one refund can be deposited per account per tax season. For more information, see page 19 of instructions. checking account savings account Part Five: Amount You Owe If you have an underpayment of estimated tax (line 37) & overpayment (line 31), see instructions. 36 37 38 39 If line 22 is more than line 30, subtract line 30 from line 22. This is your tax due . Underpayment of estimated tax interest (annualized installment method ) For delinquent payment (add penalty of 5% plus interest at 1.25% per month) Total tax, penalty and interest (add lines 36-38) . . . . . . . . . . . . . . . . . . . . . . . . 36 37 38 39 00 00 00 00 Under penalty of perjury, I declare the information contained in this document, attachments and schedules, is true and correct to the best of my knowledge and belief. Taxpayer’s signature Date Spouse’s signature Date Check this box if the Oklahoma Tax Commission may discuss this return with your tax preparer. Paid Preparer’s signature Date Taxpayer’s occupation Spouse’s occupation Paid Preparer’s address and phone number Daytime Phone (optional) Daytime Phone (optional) Paid Preparer’s I.D. Number Do not staple documentation to this form. To attach items, please use a paper clip. Mailing Address for this form: P.O. Box 26800, Oklahoma City, OK 73126-0800 The Oklahoma Tax Commission is not required to give actual notice to taxpayers of changes in any state tax law. Check this box if the taxpayer did not want this return filed electronically.
Slide 35: 2008 Form 511 Page 3 If you complete any portion of Schedules 511-A to 511-G, enclose with Form 511. Name(s) shown on Form 511 Your Social Security Number Schedule 511-A 1 2 3 Oklahoma Subtractions See instructions for details on qualifications and required enclosures. 1 2 3 Interest on U.S. government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Social Security benefits taxed on your Federal Form 1040 or 1040A . . . . . . . . . . . . . . . Civil service retirement in lieu of social security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retirement Claim Number: Taxpayer Spouse 00 00 00 00 00 00 00 00 00 00 00 00 00 00 4 5 6 7 8 9 10 11 12 13 14 Military Retirement (see instructions for limitation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Oklahoma government or Federal civil service retirement (see instructions for limitation) . . . Other retirement income (see instructions for worksheet) . . . . . . . . . . . . . . . . . . . . . . . U.S.Railroad Retirement Board benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Oklahoma depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Oklahoma net operating loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gains from the sale of exempt government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . Miscellaneous: Other subtractions (enter number in box for type of deduction) 4 5 6 7 8 9 Exempt tribal income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Oklahoma Capital Gain Deduction (enclose Form 561) . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Total subtractions (add lines 1-13, enter total here and on line 2 of Form 511) . . . . . . . 14 Schedule 511-B 1 2 3 4 5 6 7 8 Oklahoma Additions See instructions for details on qualifications and required enclosures. 1 2 3 4 5 6 7 8 State and municipal bond interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Out-of-state losses (describe ___________________________) Enter as a positive number . . Lump sum distributions (not included in your Federal Adjusted Gross Income) . . . . . . Federal net operating loss - Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recapture of depletion claimed on a lease bonus or add back of excess Federal depletion Expenses incurred to provide child care programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recapture of Contributions to Oklahoma College Savings Plan . . . . . . . . . . . . . . . . . . Miscellaneous: Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (describe ___________________________________________) Enter as a positive number Total additions (add lines 1-8, enter total here and on line 6 of Form 511) . . . . . . . . . . 00 00 00 00 00 00 00 00 00 9 9 Schedule 511-C 1 2 3 4 5 6 7 8 Oklahoma Adjustments See instructions for details on qualifications and required enclosures. 1 2 3 4 5 6 7 Partial military pay exclusion (not retirement income) . . . . . . . . . . . . . . . . . . . . . . . . . Qualifying disability deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Political contributions (limited to $100 [$200 for joint return]) . . . . . . . . . . . . . . . . . . . . Interest qualifying for exclusion (limited to $100 [$200 for joint return]) . . . . . . . . . . . . Qualified adoption expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contributions to Oklahoma 529 College Savings Plan Account(s) . . . . . . . . . . . . . . . . Miscellaneous: Other adjustments (enter number in box for type of deduction) Total adjustments (add lines 1-7, enter total here and on line 8 of Form 511) . . . . . . 00 00 00 00 00 00 00 00 8
Slide 36: 2008 Form 511 Page 4 If you complete any portion of Schedules 511-A to 511-G, enclose with Form 511. Name(s) shown on Form 511 Your Social Security Number Schedule 511-D Deductions and Exemptions See instructions for details on qualifications and required enclosures. Use this schedule if you have income from out-of-state (Form 511, line 4). Your exemptions and deductions must be prorated on the ratio of Oklahoma Adjusted Gross Income to Federal Adjusted Gross Income reduced by allowable adjustments except out-of-state income. If you do not have out-of-state income on Form 511, line 4, do not use this schedule. Instead complete Form 511, lines 10-11. 1 2 3 4 Oklahoma standard deduction or Federal itemized deductions claimed . . . . . . . . . . . . 1 Exemptions ($1,000 x number of exemptions claimed at top of Form 511) . . . . . . . . . . 2 Total (add lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Divide the amount on line 7 of Form 511 by the amount on line 3 of Form 511 • • Enter the percentage from the above calculation here (do not enter more than 100%) . . . . . 4 Total allowable deductions and exemptions (multiply line 3 by percentage on line 4, enter total here and on line 12 of Form 511. (Leave lines 10 and 11 of Form 511 blank) . . 5 00 00 00 % 00 5 Schedule 511-E Child Care/Child Tax Credit See instructions for details on qualifications and required enclosures. If your Federal Adjusted Gross Income is $100,000 or less and you are allowed either a credit for child care expenses or the child tax credit on your Federal return, you are allowed a credit against your Oklahoma tax. Your Oklahoma credit is the greater of: • 20% of the credit for child care expenses allowed by the IRS Code. Your allowed Federal credit cannot exceed the amount of your Federal tax reported on your Federal return. or • 5% of the child tax credit allowed by the IRS Code. This includes both the nonrefundable child tax credit and the refundable additional child tax credit. The credit must be prorated based on the ratio of Oklahoma Adjusted Gross Income to Federal Adjusted Gross Income. If your Federal Adjusted Gross Income is greater than $100,000, no credit is allowed. Enclose a copy of your Federal return and, if applicable, the Federal child care credit schedule. 1 2 3 Enter your Federal child care credit . . . . . . . . . . . . . . . Multiply line 1 by 20% . . . . . . . . . . . . . . . . . . . . . . . . . Enter your Federal child tax credit 1 2 00 00 00 00 5 (total of child tax credit & additional child tax credit) . . . . 3 4 5 6 Multiply line 3 by 5% . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter the larger of line 2 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Divide the amount on line 7 of Form 511 by the amount on line 1 of Form 511 • • Enter the percentage from the above calculation here (do not enter more than 100%) . . . 00 6 % 00 7 Multiply line 5 by line 6. This is your Oklahoma child care/child tax credit. Enter total here and on Form 511, line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Slide 37: 2008 Form 511 Page 5 If you complete any portion of Schedules 511-A to 511-G, enclose with Form 511. Name(s) shown on Form 511 Your Social Security Number Schedule 511-F Earned Income Credit See instructions for details on qualifications and required enclosures. You are allowed a credit equal to 5% of the Earned Income Credit allowed on your Federal return. The credit must be prorated on the ratio of Oklahoma Adjusted Gross Income to Federal Adjusted Gross Income. Enclose a copy of your Federal return. 1 2 3 Federal earned income credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Multiply line 1 by 5% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Divide the amount on line 7 of Form 511 by the amount on line 1 of Form 511 • • Enter the percentage from the above calculation here (do not enter more than 100%) . . . . . 3 Oklahoma earned income credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 (multiply line 2 by line 3, enter total here and on line 29 of Form 511) 2 00 00 % 00 4 Schedule 511-G Donations from Refund This schedule allows you to make a donation from your refund to a variety of Oklahoma organizations. Information regarding each program, their mission, how funds are utilized, and their mailing address are shown on page 6 of this form (Schedule 511-G Information). If you are not receiving a refund, but would like to make a donation to one of these organizations, Schedule 511-G Information lists the mailing address to mail your donation to the organization. Please check the box associated with the dollar amount you are wishing to have deducted from your refund and donated to that organization. Then carry that figure over into the column at the right. When you carry your figure back to line 33 of Form 511, please list the line number of the organization to which you donated. If you donate to more than one organization, please write a “99” in the oval at line 33 of Form 511. 1 2 3 4 5 Oklahoma Wildlife Diversity Program . . . . . . . . . . . . . Low Income Health Care Fund . . . . . . . . . . . . . . . . . . Veterans Affairs Capital Improvement Program. . . . . . Oklahoma Breast and Cervical Cancer Fund . . . . . . . Oklahoma Silver Haired Legislature and Alumni Association Programs . . . . . . . . . . . . . . . . . . . $2 $2 $2 $2 $2 $5 $5 $5 $5 $5 $_____ . . . $_____ . . . $_____ . . . $_____ . . . $_____ . . . 1 2 3 4 00 00 00 00 00 5 6 Support of Programs for Volunteers to Act as Court Appointed Special Advocates for Abused or Neglected Children . . . . . . . . . . . . . . . . $2 $2 $2 $2 $2 $2 $5 $5 $5 $5 $5 $5 $_____ . . . $_____ . . . $_____ . . . $_____ . . . $_____ . . . $_____ . . . 6 7 8 9 10 7 8 9 10 11 Oklahoma Pet Overpopulation Fund . . . . . . . . . . . . . . Support the Retirement of Capitol Dome Debt . . . . . . Support of the Oklahoma National Guard . . . . . . . . . . Oklahoma Leukemia and Lymphoma Fund . . . . . . . . Support of Programs for Regional Food Banks in Oklahoma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 00 00 00 00 00 00 00 11 12 Total donations (add lines 1-11, enter total here and on line 33 of Form 511) . . . . . . . 12
Slide 38: 2008 Form 511 Page 6 Schedule 511-G: Information 1- Oklahoma Wildlife Diversity Program The Oklahoma Wildlife Diversity Program is funded primarily by concerned Oklahomans. All donations provide for a variety of projects, including research on Texas horned lizards and other rare wildlife, wildlife observation activities, such as statewide educational workshops, informational brochures and posters, and management of a bat cave purchased with previous program donations. If you are not receiving a refund, you may still support Oklahoma wildlife by sending a donation to: Wildlife Diversity Program, 1801 North Lincoln, Oklahoma City, OK 73105. 2- Low Income Health Care Fund Oklahomans helping each other is what the Indigent (Low Income) Health Care Fund is all about. Donations made to the fund are used to help provide medical and dental care for needy children and families. Every dollar you donate goes directly for health care costs. If you are not receiving a refund, you may contribute toward indigent health care by sending a donation to: Oklahoma Department of Human Services, Revenue Processing Unit, Re: Indigent Health Care Revolving Fund, P.O. Box 53306, Oklahoma City, OK 73152. 3- Veterans Affairs Capital Improvement Program You may donate from your tax refund to help the Department of Veterans Affairs purchase equipment and develop capital improvement projects and to acquire properties for expanding or improving existing projects. If you are not receiving a refund, you may still donate. Mail your contribution to: Department of Veterans Affairs, P.O. Box 53067, Oklahoma City, OK 73152. 4- Oklahoma Breast and Cervical Cancer Fund You may donate for the benefit of breast and cervical cancer early detection, public education and research. Your donation will be placed in a fund to be used for the purpose of funding programs to increase knowledge of breast and cervical cancer risk and prevention and provide mammograms, pap tests and biopsies for low-income women. If you are not receiving a refund, you may still donate. Mail your contribution to: Oklahoma State Department of Health, Breast and Cervical Cancer Revolving Fund, 1000 NE 10th Street, Oklahoma City, OK 73152. 5- Oklahoma Silver Haired Legislature and Alumni Association Programs You may donate from your tax refund for the benefit of Oklahoma Silver Haired Legislature and their Alumni Association activities. The Oklahoma Silver Haired Legislature was created in 1981 as a forum to educate senior citizens in the legislative process and to highlight the needs of older persons to the Oklahoma State Legislature. Monies generated from donations will be used to fund expenses of the Silver Haired Legislators, training sessions, interim studies and advocacy activities. If you are not receiving a refund, you may still donate. Mail your contribution to: Oklahoma Silver Haired Legislature and Alumni, c/o Division of Aging Services, 312 NE 28th Street, Oklahoma City, OK 73105. 6- Support for Programs for Volunteers to Act as Court Appointed Special Advocates for Abused or Neglected Children You may donate from your tax refund to support programs for volunteers to act as Court Appointed Special Advocates for abused or neglected children. Donations will be placed in the Income Tax Checkoff Revolving Fund for Court Appointed Special Advocates. Monies will be expended by the Office of the Attorney General for the purpose of providing recruitment, training, and supervision of the special advocates. All Court Appointed Special Advocate programs in the state shall receive a portion of this money. If you are not receiving a refund, you may still donate. Mail your contribution to: Oklahoma CASA Association, Inc., P.O. Box 54946, Oklahoma City, OK 73154. 7- Oklahoma Pet Overpopulation Fund You may donate from your tax refund for the benefit of the Oklahoma Pet Overpopulation Fund. Monies placed in this fund will be expended for the purpose of developing educational programs on pet overpopulation and for implementing spay/neuter efforts in this state. If you are not receiving a refund, you may still donate. Mail your contribution to: Oklahoma Department of Agriculture, Food and Forestry, Animal Industry Division, 2800 North Lincoln Blvd., Oklahoma City, OK 73105. 8- Support the Retirement of Capitol Dome Debt You have the opportunity to help retire the debt incurred in construction and completion of the Oklahoma State Capitol Dome. Anyone may donate to the Oklahoma Centennial Commission’s Fund to defray the dome construction costs. If you are not receiving a refund, you may still donate. Please make checks payable to and mail your contribution to: Oklahoma Centennial Commemoration Fund, Inc., 133 W Main Street, Suite 100, Oklahoma City, OK 73102. 9- Support of the Oklahoma National Guard You have the opportunity to donate from your tax refund for the benefit of providing financial relief to qualified members of the Oklahoma National Guard and their families. Donations will be placed in the Income Tax Checkoff Revolving Fund for the Support of the Oklahoma National Guard Relief Program. Monies, to assist Oklahoma National Guard members and their families with approved hardship expenses, will be expended by the Military Department. If you are not receiving a refund, you may still donate. Please mail your contribution to: Operation Homefront Task Force, 3501 Military Circle, Oklahoma City, OK 73111-4398. 10- Oklahoma Leukemia and Lymphoma Fund You have the opportunity to donate from your tax refund for the benefit the Oklahoma Leukemia and Lymphoma Revolving Fund. Monies from the fund will be used by the State Department of Health for the purpose of supporting voluntary health agencies dedicated to curing Leukemia, Lymphoma, Hodgkin’s Disease, and Myeloma and to improving the quality of life of patients and their families. If you are not receiving a refund, you may still donate. Please mail your contribution to: State Department of Health, Oklahoma Leukemia and Lymphoma Revolving Fund - 228, P.O. Box 268823, Oklahoma City, OK 73152-8823. 11- Support of Programs for Regional Food Banks in Oklahoma You may donate from your tax refund for the benefit of the Regional Food Bank of Oklahoma and the Community Food Bank of Eastern Oklahoma (Oklahoma Food Banks). The Oklahoma Food Banks are the largest hunger-relief organizations in the state - distributing food to charitable and faith-based feeding programs throughout all 77 counties in Oklahoma. Your donation will be used to help provide food to the more than 500,000 Oklahomans at risk of hunger on a daily basis. If you are not receiving a refund, you may still donate by mailing your contribution to: Oklahoma Department of Human Services, Revenue Processing Unit, Re: Programs for OK Food Banks, P.O. Box 53306, Oklahoma City, OK 73152.
Slide 39: State of Oklahoma Taxpayer Social Security Number Spouse’s Social Security Number Instructions on reverse. Please read carefully as an incomplete form may delay your refund. Taxpayer first name, middle initial and last name Part 1: Taxpayer Information Physical address in 2008 (if different than shown in mailing address section) Spouse’s first name, middle initial and last name (if a joint return) Mailing address (number and street, including apartment number, or rural route) City, State and Zip Check if you or your spouse have a physical disability constituting a substantial handicap to employment (submit proof) Check if you or your spouse are 65 years of age or over Oklahoma resident for the entire year? yes no Part 2: Dependent and Exemption Information 1. Dependents (first name, initial, last name) If you have additional dependents, please attach schedule. Note: Do not enter the taxpayer or spouse as a dependent. 5.Yearly 4. Relationship Income See Instructions 2. Age 3. Social Security Number Qualified Exemptions... A. Yourself ............................ B. Spouse ............................ C. Number of your dependent children .. D. Number of other dependents ............. E. Total exemptions claimed (add A-D) .. Part 3: Gross Income: Enter taxable and nontaxable gross income and assistance received by ALL members of your household in the year 2008. You may not enter negative amounts. See “Total gross household income” definition on back for examples of income. 1. Enter total wages, salaries, fees, commissions, bonuses, and tips (including nontaxable income from your W-2s) ........................................................................ 2. Enter total interest and dividend income received ..................................................................... 3. Total of all dependents’ income (from Part 2, column 5) ............................................................ 4. Social Security payments (total including Medicare) ................................................................. 5. Railroad Retirement benefits ..................................................................................................... 6. Other pensions, annuities and IRAs .......................................................................................... 7. Alimony ...................................................................................................................................... 8. Unemployment benefits ............................................................................................................. 9. 2007 Earned Income Credit (EIC) received in 2008 and Advanced EIC received in 2008......... 10. Nontaxable sources of income (specify) ________________________________ ................... 11. Enter gross (positive) income from rental, royalties, partnerships, estates & trusts, and gains from the sale or exchange of property (taxable & nontaxable) (enclose Federal return including schedules) ... 12. Enter gross (positive) income from business and farm (enclose Federal return including schedules) ..... 13. Other income -including income of others living in your household (specify) _________________ If line 14 is over income limits shown in steps 2 and 3 on back of this form, no credit is allowed. 1 2 3 4 5 6 7 8 9 10 11 12 13 FORM Claim for Credit/Refund of Sales Tax 538 s 2 0 0 8 Yearly Income 00 00 00 00 00 00 00 00 00 You may not enter negative amounts. 00 00 00 00 00 14. Total gross household income (Add lines 1-13) ....................................................................... 14 Part 4: Sales Tax Credit Computation 15. Total qualified exemptions claimed in Box E above If you would like to have the amount shown on line 15 deposited directly into your checking or savings account, please complete this “Direct Deposit Option” section. (For households with gross income below allowable limits, see steps 2 and 3 on back of form.) x $40 (credit claimed) .......... 15 00 Direct Deposit Option: For those not filing a Form 511 Deposit my refund in my: checking account savings account Routing Number: Account Number: Spouse’s Signature and Date Occupation If you are filing a Form 511, carry the credit to Form 511, line 27. Under penalty of perjury, I declare that the information contained in this document and any attachments is true and correct to the best of my knowledge and belief. Taxpayer’s Signature and Date Occupation If the Oklahoma Tax Commission may discuss this return with your tax preparer, please check here: Preparer’s Signature and Date
Slide 40: Notice Persons who have received TANF (temporary assistance for needy families) for any month in the year of 2008 will not be eligible for the sales tax credit or refund. Your monthly TANF benefit included Sales Tax Relief money. The Department of Human Services will make sales tax refunds to persons who have continuously received aid to the aged, blind, disabled or Medicaid payment for nursing home care from January 1, 2008 to December 31, 2008. Instructions Follow the steps below to determine if you (or your spouse) are eligible to take the Sales Tax Relief/Credit. Step 1 Were you a resident of Oklahoma* (defined below) for the entire year? GO Step 2 Yes (go to step 2) STOP STOP No (you do not qualify to file this form) Is your total gross household income* (defined below) $20,000 or less? GO Step 3 Yes (File Form 538-S) No (go to step 3) Is your total gross household income* (defined below) $50,000 or less and at least one of the following applies? • You can claim an exemption for your dependent. • You and/or your spouse are 65 years of age or older by 12/31/08. • You have a physical disability constituting handicap to employment (provide proof* as defined in the section below) GO Yes (File Form 538-S) STOP No (you do not qualify to file this form) Exceptions: • A person convicted of a felony and who is an inmate in the custody of the Department of Corrections for any portion of the year is not eligible to file a claim for the sales tax relief. • Individuals living in Oklahoma under a visa do not qualify for the sales tax relief. • If a taxpayer or spouse died during the tax year, he/she will not qualify for the sales tax credit. If the death occurred after December 31, 2008, but before this tax form was filed, the sales tax credit or refund for the deceased will be issued to their estate. Enter the date of death in the address box following the first name of the decedent. Dependents: To qualify as a dependent for the sales tax credit or refund, you must qualify and be claimed as a dependent for Federal income tax purposes. The name, social security number, age, relationship and yearly income (if any) must be entered for all dependents. All of the other sales tax credit or refund requirements listed above must also be met (example: resident of Oklahoma for the entire year). Do not enter the taxpayer or spouse as a dependent. *Definitions for the purpose of this form: Resident of Oklahoma is defined as a person legally domiciled in this state for the entire tax year. Household means any house, dwelling or other type of living quarters. Total gross household income means the total amount of gross income received by ALL persons living in the same household whether the income was taxable or not for income tax purposes. This includes, but is not limited to, public assistance payments, support money (example: child support), workmen’s compensation, school grants or scholarships, veteran’s disability compensation, loss-of-time insurance payments and all of the types of income shown on the front of this form. Income that is exempt must be included in the year received, for example: nontaxable sources of income on your W-2 (such as a dependent care reimbursement account), military housing assistance, and the distribution of earnings from a Roth IRA. Note: Do not include income deferred for Federal Income Tax purposes, for example: tax deductible contributions to a 401K or to a traditional IRA. This income will be included when distributed and taxed on your Federal return. Proof of disability may be established by certification by an agency of State Government, an insurance company or a physician, or by eligibility to receive disability benefits under the Federal Social Security Act. A veteran certified by the Veterans Administration of the Federal government as having a service-connected disability shall constitute proof. Filing instructions and due date: If you are required to file an Oklahoma Income Tax Return, claim the sales tax refund as a credit on your tax return, Form 511, and enclose this signed form. Your return claiming the sales tax credit must be filed no later than April 15th. (See note at bottom of page). If you are not required to file an Oklahoma Income Tax Return, this form must be filed no later than June 30th. If you have withholding or made estimated payments and are filing for a refund on Form 511, you must claim the sales tax credit on your return and enclose this signed form. If you are not filing an income tax return, mail this completed and signed form to: Oklahoma Tax Commission, Post Office Box 26800, Oklahoma City, OK 73126-0800. Note: Extensions do apply to this form. If you have been granted an extension of time in order to file your income tax return (including the April 20th due date for electronically filed returns), file this form with your income tax return on or before the due date granted by the extension. Enclose a copy of the extension.