Oklahoma HB2194 exempts certain retirement benefits from state taxable income.
Oklahoma HB2194 amends the Oklahoma Income Tax Act to exempt certain retirement benefits from state taxable income. Specifically, it exempts retirement benefits received by individuals from the Armed Forces of the United States and federal civil service retirees from taxable income starting from tax year 2022. It also exempts Social Security benefits from taxable income starting from tax year 1984.
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