Key Tax Filing Deadlines for Oklahoma Residents

Key Tax Filing Deadlines for Oklahoma Residents

Oklahoma residents need to stay informed about tax filing deadlines to ensure compliance and avoid penalties. Here’s a comprehensive guide to key tax filing deadlines you need to remember:

1. Federal Tax Returns

The deadline for filing federal income tax returns is typically April 15. However, if this date falls on a weekend or holiday, the deadline is extended to the next business day. For the 2023 tax year, ensure your 1040 form is submitted by April 18, 2024.

2. State Tax Returns

In Oklahoma, the state income tax return deadline aligns with the federal deadline. This means that residents must file their Oklahoma state tax returns by April 18, 2024, for the 2023 tax year. Remember to prepare your returns accurately to avoid delays or penalties.

3. Special Extensions

If you are unable to meet the April deadline, you can file for an extension. This gives you an additional six months, pushing your filing deadline to October 15. However, it is important to note that an extension to file does not extend the deadline to pay any taxes owed. Payments are still due by the original deadline, which in 2024 is April 18.

4. Quarterly Estimated Tax Payments

For self-employed individuals or those receiving income that is not subject to withholding, quarterly estimated tax payments are required. The deadlines for 2024 are as follows:

  • 1st Quarter: April 15, 2024
  • 2nd Quarter: June 17, 2024
  • 3rd Quarter: September 16, 2024
  • 4th Quarter: January 15, 2025

5. Property Tax Deadlines

For property taxes, Oklahoma has specific deadlines. The deadline for paying personal property taxes is typically December 31 of the assessment year. For real property, if you want to receive a discount for early payment, be sure to pay by the end of November.

6. Business Tax Deadlines

Business income tax returns in Oklahoma are due on the same timeline as personal returns. Corporations must file their Oklahoma corporate income tax returns by April 15 or the subsequent business day if it falls on a weekend or holiday.

7. Additional Important Dates

Other vital dates include deadlines for filing for refund claims or appealing assessments. Ensure you adhere to these deadlines to avoid losing out on potential refunds or facing unfavorable assessments.

Staying aware of these key tax filing deadlines can help Oklahoma residents manage their tax obligations effectively. By marking these dates on your calendar and preparing your documents ahead of time, you can ensure a smooth filing process year after year.

For the most accurate and updated information regarding tax filing deadlines, always refer to the official IRS and Oklahoma Tax Commission websites.