Targeted tax credits can be used as a tool to fight poverty in Oklahoma. The tax system is a critical part of the safety net with more than a third of all public support for U.S. families delivered through tax provisions. Hence, tax credits can drastically decrease poverty.
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In nominal dollars, this year's Oklahoma budget is the largest in state history. However, in real dollar value, it has lost a lot of its buying power when adjusted for inflation and population growth.
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Oklahoma can opt in to Direct File for the 2025 tax season, which would offer taxpayers free and easy filing by integrating our state online tax filing tool.
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