Form 511 - Oklahoma Resident Individual Income Tax Forms And Instructions - 2014 Page 11

Download a blank fillable Form 511 - Oklahoma Resident Individual Income Tax Forms And Instructions - 2014 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 511 - Oklahoma Resident Individual Income Tax Forms And Instructions - 2014 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Select Line Instructions
25
Use Tax Table
Credit for Property Tax Relief
Any person 65 years of age or older or any totally disabled per-
son who is head of a household, a resident of and domiciled in
If Federal Adjusted Gross Income
Your Use Tax
(Form 511, line 1) is:
this state during the entire preceding calendar year, and whose
Amount is:
At least
But less than
gross household income for such year does not exceed $12,000,
may file a claim for property tax relief on the amount of property
0
2,090
1
taxes paid on the household they occupied during the preceding
2,090
4,670
2
calendar year. The credit may not exceed $200. Claim must be
4,670
6,420
3
made on Form 538-H.
6,420
8,170
4
26
8,170
9,920
5
Sales Tax Relief/Credit
9,920
11,795
6
If you are required to file an Oklahoma income tax return, your
11,795
13,545
7
return must be filed by April 15th. An extension of time to file your
13,545
15,295
8
return, including the April 20th due date for electronically filed
15,295
17,170
9
returns, does apply to this credit.
17,170
18,920
10
To file for sales tax relief, you must be an Oklahoma resident for
18,920
20,670
11
the entire year. Your total gross household income cannot exceed
20,670
22,420
12
$20,000 unless one of the following applies:
22,420
24,295
13
• You can claim an exemption for your dependent, or
24,295
26,045
14
• You are 65 years of age or older by 12/31/2014, or
26,045
27,795
15
• You have a physical disability constituting a substantial
27,795
29,670
16
handicap to employment (provide proof, see Form 538-S).
29,670
31,420
17
If any one of the above three items pertains to you, your total
31,420
33,170
18
gross household income limit is increased to $50,000. Fill out and
33,170
34,920
19
enclose Form 538-S if you qualify for this credit. The Form 538-S
34,920
36,795
20
is included in this packet.
36,795
38,545
21
The Oklahoma Department of Human Services will make the
38,545
40,295
22
sales tax refund to persons who have continuously received aid
40,295
42,170
23
to the aged, blind, disabled or Medicaid payments for nursing
42,170
43,920
24
home care from January 1, 2014 to December 31, 2014. Per-
43,920
45,670
25
sons who have received temporary assistance for needy families
45,670
47,420
26
(TANF) for any month in the year of 2014 are not eligible for the
47,420
49,295
27
sales tax refund.
49,295
51,045
28
A person convicted of a felony shall not be permitted to file a
51,045
52,795
29
claim for sales tax relief for any year for which that person is an
52,795
54,670
30
inmate in the custody of the Department of Corrections for any
54,670
and over
multiply
part of that year.
Federal AGI times
0.00056
27
Natural Disaster Tax Credit
This credit is for owners of residential real property whose pri-
23
Oklahoma Estimated Tax Payments
mary residence was damaged or destroyed in a natural disaster
Enter any payments you made on your estimated Oklahoma
for which a Presidential Major Disaster Declaration was issued,
income tax for 2014. Include any overpayment from your 2013
unless the natural disaster was a tornado occurring in calendar
return you applied to your 2014 estimated tax.
year 2012 or 2013 in which case a Presidential Major Disaster
Declaration is not required. The amount of the credit is the differ-
If at least 66-2/3% of your gross income this year or last year is
ence between the ad valorem property tax paid on such property
from farming, estimated payments are not required. If claiming
in the tax year prior to the damage or destruction and the tax paid
this exception, you must mark the box on this line and enclose a
the first year after the property is rebuilt or repaired. The primary
complete copy of your federal return.
residence must be repaired or rebuilt and used as the primary
For information regarding who is required to make estimated tax
residence not later than December 31, 2015, with respect to the
payments, refer to page 5, “Estimated Income Tax”.
calendar year 2012 or 2013 natural disaster and no later than 36
months after any natural disaster occurring on or after January 1,
24
Payment with Extension
2014. To claim this credit, Form 576 must be enclosed with your
If you filed Oklahoma extension Form 504 for 2014, enter any
return.
amount you paid with that form.
11

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial