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Credit for Employees in the Aerospace Sector

If I only worked in the Aerospace Sector for 8 months in OK, am qualified for the "Credit for Employees in the Aerospace Sector". If yes, how much credit could I have?

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MaryK4
Employee Tax Expert

Credit for Employees in the Aerospace Sector

Yes, you can qualify for the Credit for Employees in the Aerospace Sector if you only worked 8 months.  The maximum amount of the credit is $5,000.

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JohnW152
Employee Tax Expert

Credit for Employees in the Aerospace Sector

Yes, you are still eligible.  There is no minimum number of months specified either by the instructions in Form 564, Credit for Employees in the Aerospace Sector or Oklahoma statutes. 

 

See 68 OK Stat § 2357.301 (2023), 68 OK Stat § 2357.304 (2023) and Rule 710:50-15-109.

@zcindy9075  

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3 Replies
MaryK4
Employee Tax Expert

Credit for Employees in the Aerospace Sector

Yes, you can qualify for the Credit for Employees in the Aerospace Sector if you only worked 8 months.  The maximum amount of the credit is $5,000.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Credit for Employees in the Aerospace Sector

I actually only worked there less than 8 months (7.5 months), am I still eligible? What is the minimum number of months I have to work in OK in order to be eligible for this credit?

JohnW152
Employee Tax Expert

Credit for Employees in the Aerospace Sector

Yes, you are still eligible.  There is no minimum number of months specified either by the instructions in Form 564, Credit for Employees in the Aerospace Sector or Oklahoma statutes. 

 

See 68 OK Stat § 2357.301 (2023), 68 OK Stat § 2357.304 (2023) and Rule 710:50-15-109.

@zcindy9075  

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