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Goldenseal Payroll
Software Info
US Federal Withholding
Tables
Free 2021 Payroll
Tax Table Updates
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Oklahoma has state income tax withholding. In 2021, tax rates did not change. Withholding formulas have changed in
20 of the past 31 years, including four major
changes to the calculation methods used.
For many years, Oklahoma was the second most difficult US state to maintain, surpassed only by Connecticut. However the Sooners simplified their tax calculations greatly in 2011, and are now about average.
HINT-- Turtle Creek Software provides free annual updates for
US federal and Oklahoma tax withholding rates.
| Oklahoma
State Withholding Instructions |
To enter withholding information for
an employee in your Goldenseal company file, follow these
steps:
- Choose
Employees from the
Accounts menu.
- Locate
the employee record.
- Click the Payroll
Setup button.
- Enter
the employee's marital
status into the Marital
Status field
(see note below).
- Enter
the number of federal
dependents into the
Federal Exemptions
field.
- Enter
the number of dependents
into the State Exemptions
field.
- Enter
the Oklahoma Tax
Package into the
Tax Package field. HINT--
If you don't see
it in the list, you'll
need to import the
tax info first.
- Click OK.
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| Oklahoma
State Unemployment Tax Instructions |
In 2021, Oklahoma state unemployment insurance
tax is based on the first
$24,000 in wages for
each employee (a big increase from 2020). The starting
rate for a new employer
is 1.2%. After the
first year the rate
is based on the employer's
experience rating--
the tax can be anywhere
between 0.1% and 5.5%.
To enter your Oklahoma SUTA tax rate
into the Goldenseal payroll
software, follow these steps:
- Choose
Payroll Setup from
the Costs menu, and
choose Tax Items
from the submenu.
- You'll
see a list of Tax
Items. Locate the
Oklahoma SUTA tax
in the list, and
double-click on it. HINT:
If you don't see
SUTA in the list,
you'll need to import the
Oklahoma payroll
info first.
- Enter
the percentage rate
that you pay into
the percentage field
to the right of Calculation
method.
- If
the cutoff amount
has changed, enter
it into the dollar
field to the right
of First Adjustment.
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| Oklahoma
Marital Status |
Use the following to determine the value for
the Marital Status popup menu in each Employee account:
- Single-
single employee with one personal exemption
- Married-
married employee with two or more personal exemptions
- Dual Income- married
employee with one personal exemption
- Head of House- employee
claims Head of Family status
- Other-
not used
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| Oklahoma
Tax Contacts |
Payroll withholding taxes website
Payroll Tax Office-- 405 521-3160
SUTA-- 405 557-7138
Worker's Comp-- 405 552-5414
Oklahoma Tax Commission
Income Tax Div.
2501 Lincoln Blvd
Oklahoma City OK 73194-0009 |
| Little Known Oklahoma Tax Fact |
Thanks to the Panhandle Prosperity Act of 1987, residents of the Oklahoma panhandle may purchase goods tax-free from businesses located in the Texas, Idaho and Florida panhandles. |
| Official
State Lawn Ornament |
Oil derrick.
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