Effective March 1, 2010, all employers who are required to remit Federal payroll withholding according to the Federal semi-weekly deposit schedule are now required to remit Oklahoma state income tax withholding according to the same Federal schedule. Taxpayers who are required to remit semi-weekly withholding should electronically remit and report Oklahoma withholding taxes through QuickTax, the Oklahoma Tax Commission’s free Internet-based reporting system available at www.tax.ok.gov .
Every employer required to deduct and withhold Oklahoma payroll income tax from an employee’s wages must file a report each calendar quarter on or before the 20th day of the month following the close of the quarter, except where the amount withheld is more than $500.00 per quarter. Where the tax withheld is in excess of $500.00 per quarter, but less than $5,000.00, a report must be filed on a monthly basis on or before the 20th of the following month. Where the tax withheld is $5,000.00 or more per month in the previous fiscal year every employer shall file returns electronically.
Our payroll software automatically calculates Oklahoma withholding and helps you manage Oklahoma payroll yourself. For a free payroll software download, please visit our download page or visit the small business payroll software page.