566: 2024 Form 566 Credit for Qualified Software or Cybersecurity Employees (2024)
Oklahoma · Oklahoma Tax Commission · Used for tax years 2024
Oklahoma Form 566 calculates the 2024 Credit for Qualified Software or Cybersecurity Employees. It records your qualified employer, Oklahoma employment dates, and accredited degree, certificate or credential, along with the credit amount to enter on Form 511-CR.
Who files this form
Form 566 is for qualified software or cybersecurity employees claiming the Oklahoma credit for tax year 2024.
To qualify, you must:
- Be employed in Oklahoma by a qualified employer in a qualifying industry on or after November 1, 2019.
- Not have been working in Oklahoma before November 1, 2019.
- Have a degree in an accredited program from a degree-producing institution, or a certificate or credential in an accredited program from a technology center.
A qualified employer is a business or governmental entity with at least 15 full-time employees. Its activities must fall under NAICS U.S. sectors 21, 22, 31–33, 48, 51, 52, 54, 55, 62 or 92.
What you'll need
Have the following information ready:
- Your name as shown on your return and your Social Security number.
- Your qualified employer’s name and Federal Employer Identification Number (FEIN).
- Your employment dates in Oklahoma with that employer.
- Your educational institution’s name, city and state.
- Your graduation date, accredited program name, and degree, certificate or credential earned.
If this is your first year claiming the credit, you may be asked for proof of your degree, certificate or credential, such as a diploma or transcript. You may choose to enclose that proof.
How to file
Complete Form 566 as follows:
- Enter your name and Social Security number.
- In Part 1, enter your qualified employer’s name, FEIN and your Oklahoma employment dates.
- In Part 2, enter your institution and accredited program details.
- In Part 3, line 1, enter $2,200 for a qualifying undergraduate or graduate degree, or $1,800 for a qualifying technology center certificate or credential.
- Enter the credit on Form 511-CR, line 5.
The supplied form does not give a mailing address or e-filing instructions.
Questions people ask
How much is the credit for 2024?
The credit is $2,200 for a qualified employee with an undergraduate or graduate degree in an accredited program from a degree-producing institution. It is $1,800 for a qualified employee with a certificate or credential in an accredited program from a technology center.
How many years can I claim the credit?
The credit is allowed each year for up to the first seven years.
What counts as an accredited program?
The form lists two categories: an undergraduate or graduate degree program in cybersecurity, information technology, computer science or computer engineering accredited by ABET’s Computer Accreditation Commission or Engineering Accreditation Commission; or a program requiring more than 800 hours of class time in software, cybersecurity, programming, software programming, coding, application development, computer science or information technology.
Do I have to enclose my diploma or transcript?
The form says you may choose to enclose proof. If this is your first year claiming the credit, you may be asked to provide proof of your degree, certificate or credential.