Oklahoma residents have to complete form 538-H to claim a credit or property tax refund of up to $200.
Oklahoma residents have to complete form 538-H to claim a credit or property tax refund of up to $200. (Photo: The US Sun)
Oklahoma Residents to Receive $200 Property Tax Refund
To claim a loan or property tax refund of up to $200, Oklahoma residents must complete Form 538-H. January 30, 2023, is the form deadline and depends on several factors: total household income, Oklahoma residency, age, or disability.
Regardless of the source of income, gross household income refers to the amount of income received by each person living in the same household, including whether the payment is taxable. For instance, pensions, social security, unemployment benefits, disability benefits for veterans, school subsidies, or scholarships.
It also includes benefits, maintenance, aid money, workers’ compensation insurance, lost time compensation, capital gains insurance, and self-employment. By June 30, 2023, all claims for relief are expected by the Oklahoma Tax Commission.
According to a published post by The US Sun, the due date will be the next business day if the due date falls on a weekend or holiday when the OTC office is closed. The rebate must be postmarked by the deadline as it is considered to have been filed on time.
Please note that you will not be able to submit amended statements to claim this credit after the cut-off date.
Oklahoma residents have to complete form 538-H to claim a credit or property tax refund of up to $200. (Photo: The US Sun)
To qualify:
– total household income must be below or equal to $12,000.
– must have resided in Oklahoma for at least one year.
– You or your husband must be over 65yrs. or fully disabled and disabled.
– The amount of the claim filed must equal the amount of property taxes paid by the claimant in the previous calendar year and exceed her 1% of total household income. However, your property tax relief entitlement cannot exceed $200.
What Taxpayers Need When Applying:
– Social security number
– Spouse’s social security number (if married)
– proof of disability
– Income certificate (copy of tax bill)
– Routing and account numbers and account number if you want direct deposit
Other Wealth Tax Deductions
New Jersey recently expanded the application deadline for the ANCHOR property tax refund program until January 31, 2023.
Homeowners with incomes below $150,000 will get $1,500, and those between $150,000 and $250,000 will get $1,000. Tenants with income under $150,000 receive $450.
Please note that eligibility is determined by 2019 income, not 2020 or 2021. Homeowners are urged to apply online but can also apply by mail or phone.
The state expects to process all payments by May 2023 at the latest. For program details, contact the New Jersey Division of Taxation.
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