Mortgage Interest Deduction in Oklahoma
State income tax rate
4.5%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Oklahoma has a top rate of 4.5% and conforms to federal itemized deductions. Mortgage interest deduction applies to Oklahoma returns.
Combined Federal + Oklahoma Savings
If you paid $18,000 in mortgage interest last year and itemize on both returns, your combined tax savings would be approximately:
- Federal (22% bracket): $3,960
- Oklahoma (4.5% rate): $810
- Total estimated savings: $4,770
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.