Most Oklahomans Will See More Money on Their Paychecks In 2022

Beverly Cantrell - December 30, 2021 11:35 pm

Beginning Jan. 1, almost everyone in Oklahoma will notice more money on their checks thanks to a personal income tax cut approved by lawmakers in 2021.

For most Oklahomans, the individual tax rate will drop from 5% to 4.75%, which translates to about $150 on average in tax relief. Gov. Kevin Stitt praised the move when he signed it earlier this year.

“I’m very, very pleased with how this budget came out, came together,” Stitt said.

The governor also signed a bill to slash corporate tax from 6% to 4%.

Republicans say the cuts will stimulate growth and add money to people’s wallets when they need it most. Democrats are concerned, in part, because in Oklahoma, it’s very difficult to go back on these kinds of tax cuts.



Latest Stories

Po-Hi Prom This Saturday at the Marland Mansion

The 2024 Ponca City High School prom will be held Saturday, April 20 at the Marland...

PTC Cosmetology SkillsUSA Chapter Brings Joy with “Pampered by a Princess” Event

Ponca City, OK ——-The Cosmetology students at Pioneer Technology Center (PTC) recently spread magical cheer by...

Oklahoma Bill Aims to Implement Life-Saving Cardiac Plans in Schools

OKLAHOMA CITY, Okla. (KOKH) — Heart disease is the leading cause of death according to the American...