Yes, it is.
You're entitled to deduct up to $10,000 of these retirement benefits from your Oklahoma income for each eligible taxpayer:
- Civil Service retirement from the United States
- Oklahoma Public Employees Retirement System of Oklahoma
- Oklahoma Teacher's Retirement System
- Oklahoma Law Enforcement Retirement System
- Oklahoma Fire Fighters Pension and Retirement System
- Oklahoma Police Pension and Retirement System
- Employee retirement systems created by counties
- The Uniform Retirement System for Justices and Judges
- Oklahoma Employment Security Commission Retirement Plan
- Employee retirement systems created by municipalities
- United States Retirement Board benefits included in your federal income
Each individual can deduct up to $10,000 of such retirement income.
