Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below. Benefits of e-Filing your Oklahoma tax return include instant submission, error checking, and faster refund response times. You can save time and money by electronically filing your Oklahoma income tax directly with the. For more details, visit the list of Oklahoma itemized deductions. You must choose between itemizing your deductions and choosing the Oklahoma standard deduction, so it's generally only worth itemizing your deductions if your itemized total is more then the Oklahoma and Federal standard deductions. Oklahoma allows itemized deductions, and you can claim the same itemized deductions on your Oklahoma tax return as you do on your Federal tax return. You can, however, claim dependent deductions on your Federal Tax Return. Unlike most states, Oklahoma does not have a dependent deduction. The Federal Income Tax, however, does allow a personal exemption to be deducted from your gross income if you are responsible for supporting yourself financially. Keep in mind that not all deductions allowed on your federal income tax return are necessarily going to be allowed on your Oklahoma income tax return. Certain itemized deductions (including property tax, qualified charitable contributions, etc) may be allowed depending on the income level and filing type of the taxpayer. Unlike many other states, Oklahoma has no standard deduction. For details on specific deductions available in Oklahoma, see the list of Oklahoma income tax deductions. Using deductions is an excellent way to reduce your Oklahoma income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Oklahoma tax returns. Income tax deductions are expenses that can be deducted from your gross pre-tax income.
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