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How to Calculate 2016 Oklahoma State Income Tax by Using State Income Tax Table

1. Find your income exemptions

2. Find your pretax deductions, including 401K, flexible account contributions ...

3. Find your gross income

4. Check the 2016 Oklahoma state tax rate and the rules to calculate state income tax

5. Calculate your state income tax step by step

6. If you want to simplify payroll tax calculations, you can download ezPaycheck payroll software, which can calculate federal tax, state tax, Medicare tax, Social Security Tax and other taxes for you automatically. You can try it free for 30 days, with no obligation and no credt card needed.

Learn more about the in house payroll tax solution for Oklahoma small businesses here.
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  Oklahoma STATE TAX TABLES
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     How to handle Oklahoma Payroll
 Important Tax Due Dates>


2018 Oklahoma State Tax Witholding Table
2017 Oklahoma State Tax Witholding Table
2016 Oklahoma State Tax Witholding Table
2015 Oklahoma State Tax Witholding Table
2014 Oklahoma State Tax Witholding Table
2013 Oklahoma State Tax Witholding Table
2012 Oklahoma State Tax Witholding Table
2011 Oklahoma State Tax Witholding Table
2010 Oklahoma State Tax Witholding Table


IRS released the new 2018 tax tables on Jan 11, 2018. Employers should implement the 2018 withholding tables as soon as possible, but not later than February 15, 2018.

Current ezPaycheck software clients and ezAccounting software clients can download the latest version for free to update 2018 tax tables.

Tax rate used in calculating Oklahoma state tax for year 2016

State Abbreviation:

OK

State Tax Withholding State Code:

40

Basis For Withholding:

State or Federal Exemptions

Acceptable Exemption Form:

None

Acceptable Exemption Data:

None

TSP Deferred:

Yes

Special Coding:

None

Additional Information:

If no state income tax certificate has been processed or no valid state exemption code is present, the Federal exemptions will be used in the computation of state taxes.


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  • Withholding Formula >(Oklahoma Effective 2016)<
    1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
    2. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health cae and dependent care deductions) from the amount computed in step 1.
    3. Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
    4. Multiply the adjusted gross biweekly wages by 26 to obtain the annual wages.
    5. Determine the exemption allowance by applying the following guideline and subtract this amount from the result of step 4.
    6. Exemption Allowance = $1,000 X Number of Exemptions

    7. If the employee is SINGLE, apply the following tax rates to annual taxable wages to determine the annual tax amount:

    8. Tax Withholding Table
      Single

      If the Amount of
      Taxable Income Is:

      The Amount of Oklahoma
      Tax Withholding Should Be:


      Over:

      But Not
      Over:

      Of Excess
      Over:

      $ 0 >$6,300 $ 0.00 plus 0.0% $ 0
      $6,300 7,300 $ 0.00 plus 0.5% >6,300
      7,300 8,800 5.00 plus 1.0% 7,300
      8,800 10,050 20.00 plus 2.0% 8,800
      10,050 11,200 45.00 plus 3.0% 10,050
      11,200 13,500 79.50 plus 4.0% 11,200
      13,500 and over 171.50 plus 5.0% 13,500

    9. If the employee is MARRIED, apply the following tax rates to annual taxable wages to determine the annual tax amount:

    10. Married

      If the Amount of
      Taxable Income Is:

      The Amount of Oklahoma
      Tax Withholding Should Be:


      Over:

      But Not
      Over:

      Of Excess
      Over:

      $ 0 $>12,600 $ 0.00 plus 0.0% $ 0
      12,600 14,600 0.00 plus 0.5% >12,600
      14,600 17,600 10.00 plus 1.0% 14,600
      17,600 20,100 40.00 plus 2.0% 17,600
      20,100 22,400 90.00 plus 3.0% 20,100
      22,400 24,800 159.00 plus 4.0% 22,400
      24,800 and over 255.00 plus 5.0% 24,800

    11. Divide the annual Oklahoma tax withholding by 26 and round to the nearest dollar to obtain the biweekly Oklahoma tax withholding.
    12. Add additional amount or percentage elected by the employee to the pay period tax calculated in the above step and ROUND TO THE NEAREST DOLLAR to determine the amount of tax to be withheld for this payroll period.
     
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