Oklahoma Tax Commission Publishes 2023 Income Tax Withholding Tables

The Oklahoma Tax Commission Nov. 1 published the 2023 income tax withholding tables, effective Jan. 1, 2023. The publication includes: 1) general information on tax withholding for corporate income and individual income tax purposes; 2) guidance on calculating the amount of income tax to be withheld from employees’ wages, with a sample computation; 3) information about the percentage formula method for determining withholding; and 4) withholding tables for weekly, bi-weekly, semi-monthly, monthly, and annual payroll withholding periods for single and married persons. [Okla. Tax Comm’n, 2023 Oklahoma Income Tax Withholding Tables, 11/01/22]

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