511-EIC: 2024 Form 511-EIC Oklahoma Earned Income Credit Worksheet (2024)
Oklahoma · Oklahoma Tax Commission · Used for tax years 2024
Form 511-EIC is Oklahoma’s Earned Income Credit Worksheet for tax year 2024. It uses income information for 2023 or 2024 and the attached EIC table to calculate the amount to enter on the earned income credit schedule for Form 511 or Form 511-NR.
Who files this form
Use Form 511-EIC to calculate the Oklahoma Earned Income Credit for tax year 2024. If you claim the credit, complete the worksheet using its attached EIC Table and include a copy with your income tax return.
Complete lines 6-13 if, during the applicable tax year, you:
- Were self-employed at any time.
- Are filing IRS Schedule SE because you were a member of the clergy or had church employee income.
- Are filing IRS Schedule C as a statutory employee.
What you'll need
Have these forms and details available:
- Your name as shown on Form 511 or Form 511-NR, and your Social Security number.
- IRS Form 1040 or 1040-SR for the year being calculated, including lines 1z and 11.
- The EIC Table attached to Form 511-EIC.
- IRS Schedules SE, C, F, and Schedule K-1 (Form 1065), as applicable to your income.
- Amounts for excluded Medicaid waiver payments included on federal line 1z and any nontaxable combat pay you elect to include in earned income.
If you use 2023 income for comparison and had no Oklahoma filing requirement for that year, attach a complete copy of your federal return. Otherwise, do not use the prior-year income for comparison.
How to file
Complete Form 511-EIC using the attached EIC Table and provide a copy with your income tax return.
Transfer the larger of the amounts on line 20 to either:
- Form 511, Schedule 511-G, line 1; or
- Form 511-NR, Schedule 511-NR-F, line 1.
Common mistakes
- Leaving out the worksheet: The form says to provide a copy of Form 511-EIC with your income tax return.
- Using prior-year income without the required return: If you had no Oklahoma filing requirement for the prior tax year, attach a complete copy of your federal return or do not use that year's income for comparison.
- Confusing the EIC Table with a tax table: The attached table specifically states that it is not a tax table.
Questions people ask
Can I use 2023 income to calculate the 2024 credit?
Yes. The 2024 Oklahoma EIC is based on earned income for either 2023 or 2024. If you had no Oklahoma filing requirement for 2023, attach a complete copy of your federal return or do not use 2023 income for comparison.
Why does the worksheet include a 2020 EIC Table?
For tax year 2022 and later, Oklahoma requires the EIC to be calculated using the federal EIC requirements in effect for the 2020 income tax year.
Is the Oklahoma EIC refundable?
Yes. The form states that the Oklahoma EIC is refundable beginning with tax year 2022.
Can I include nontaxable combat pay in earned income?
Yes. If you elect to include it, enter all your nontaxable combat pay on line 4.