Get Ok 511-tx 2024-2025

Filling out the OK 511-TX form is essential for anyone who has paid taxes to another state while also being a resident of Oklahoma. This guide will provide a clear and supportive step-by-step approach to help ensure your online submission is accurate and complete.

Follow the steps to successfully fill out the OK 511-TX online.

1. Press the ‘Get Form’ button to access the OK 511-TX form and open it in the designated editor.
2. In the first section, enter the names as they appear on Form 511 or Form 511-NR. Ensure accuracy to avoid processing delays.
3. Provide your Social Security Number(s) accurately. This is crucial for identification and tax processing.
4. If taxes were paid to multiple states, remember that you must complete a separate OK 511-TX form for each state and include complete copies of the other state's return, including all W-2 forms.
5. In line 1, report only the amount of income from personal services taxed by both Oklahoma and the other state. Avoid reporting income that is not compensation for personal services.
6. Line 2 requires your Oklahoma adjusted gross income from Form 511 or Form 511-NR. Ensure you enter the correct amount for this field.
7. Calculate the percentage limitation in line 3 by dividing line 1 by line 2. This percentage cannot exceed 100%.
8. Report your Oklahoma income tax on line 4 from relevant lines of Form 511 or Form 511-NR, ensuring that this is not merely the amount withheld.
9. In line 5, multiply the amount from line 4 by the percentage from line 3 to derive your limitation amount.
10. For line 6, include only the tax paid to the other state that is related to the income you reported in line 1. Do not use withholding amounts shown on W-2 forms.
11. In line 7, enter the lesser amount of either the value from line 5 or line 6 to complete this section.
12. Make sure to attach a complete copy of the other state's tax return and W-2 forms with your Oklahoma return to ensure compliance with filing requirements.
13. Once all sections are filled out, review your entries for accuracy. After confirming everything is correct, you can save your changes, download, print, or share the form as needed.

Complete your OK 511-TX form online today to ensure proper credit for taxes paid to another state.