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Adam Knapp

Tax Season Arrives

By February 10, 2013

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Early-filers had to wait a bit longer to get started this year, due to late-arriving legislation from Congress. In fact, several federal forms still cannot be filed. While most of those are uncommon, some such as the Mortgage Interest Credit or Residential Energy Credit may apply to you. Even if you can't file, though, you can still get started with the planning.

In Oklahoma, that means it's time to print good old Form 511 and his brothers. As with the past several years, the Oklahoma Tax Commission recommends E-file options if at all possible, as they tend to reduce errors and speed up refunds. There aren't a lot of changes for tax year 2012, but here are some Oklahoma tax tips to help through the process.

Also, for the 2nd year, Oklahoma offers taxpayers the option of receiving income tax refunds on a debit card rather than direct deposit. Paper checks are no longer issued. After the card is activated by phone, it can be used at any store or ATM that accepts MasterCard debit cards. According to a FAQ from the Oklahoma Tax Commission, cardholders can withdraw funds, free of charge, at any MoneyPass ATM location in the state.


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