Do casino winnings count for earned income in Oklahoma?
For Federal EIC, gambling winnings (while taxable) are not considered earned income. However, EIC is also calculated based on AGI, and you get the lesser of the two.
You are allowed an OK credit equal to 5% of the earned income credit
allowed on your Federal return.
Do casino winnings count for earned income in Oklahoma?
For Federal EIC, gambling winnings (while taxable) are not considered earned income. However, EIC is also calculated based on AGI, and you get the lesser of the two.
You are allowed an OK credit equal to 5% of the earned income credit
allowed on your Federal return.
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