Oklahoma HB2199 modifies standard deduction amounts for individuals using the federal standard deduction.
Oklahoma HB2199 amends the state's tax code to adjust the standard deduction amounts for individuals who use the federal standard deduction. This change applies to taxable years beginning on or after January 1, 2026, aligning the state's standard deduction with the federal standard deduction based on filing status. The bill specifies different deduction amounts for various filing statuses, including single, married filing jointly, and head of household. This amendment affects how individuals calculate their taxable income under Oklahoma law, potentially impacting their state tax liability.
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