Okla. Tax Commission To Allow Deferred Tax Payments Due To Coronavirus

The Oklahoma Tax Commission will allow Oklahomans to defer paying their tax bills to the state due to the COVID-19 outbreak, Gov. Kevin Stitt announced Thursday.<br/><br/>

Thursday, March 19th 2020, 10:42 am

By: News On 6


The Oklahoma Tax Commission will allow Oklahomans to defer paying their tax bills to the state due to the COVID-19 outbreak, Gov. Kevin Stitt announced Thursday.

Oklahomans will still be expected to file their state return by April 15 but they will be allowed to defer up to $1 million of state income tax (including self-employment tax) payments until July 15 without penalties or interest.

This will match the federal guidance issued by the IRS as a result of President Donald Trump's emergency declaration.

Corporate taxpayers will have a similar deferment of up to $10 million of state income tax payments without penalties or interest.

“This guidance is a proactive step to reduce the financial stress many hardworking Oklahomans and businesses are feeling during this time,” Stitt said.

","published":"2020-03-19T15:42:39.000Z","updated":"2020-03-19T15:48:55.000Z","summary":"The Oklahoma Tax Commission will allow Oklahomans to defer paying their tax bills to the state due to the COVID-19 outbreak, Gov. Kevin Stitt announced Thursday.

","affiliate":{"_id":"5c784a0c4961cb23ad330098","callSign":"kotv","origin":"https://www.newson6.com"},"contentClass":"news","createdAt":"2020-03-23T19:20:38.586Z","updatedAt":"2022-03-29T21:30:52.839Z","__v":8,"show":true,"link":"/story/5e790c0657ef223f31423eb7/okla-tax-commission-to-allow-deferred-tax-payments-due-to-coronavirus","hasSchedule":false,"id":"5e790c0657ef223f31423eb7"};
logo

Get The Daily Update!

Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!

More Like This

March 19th, 2020

April 8th, 2020

March 24th, 2020

March 20th, 2020

Top Headlines

March 28th, 2024

March 28th, 2024

March 28th, 2024

March 28th, 2024