Oklahoma tax cuts take effect 2022

Starting Jan. 1, 2022, new tax cuts will be going into effect for Oklahomans. Governor Kevin Stitt signed into law that there will be a .25 percent personal income tax cut and a 2 percent corporate tax cut. The goal of this tax cut is to combat inflation. The average Oklahoman should save about $130 next year and about 85 percent of Oklahomans will be paying less on their income taxes. …