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Ohio collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Unlike the Federal Income Tax, Ohio’s state income tax does not provide couples filing jointly with expanded income tax brackets.
Ohio’s maximum marginal income tax rate is the 1st highest in the United States, ranking directly below Ohio’s %. You can learn more about how the Ohio income tax compares to other states’ income taxes by visiting our map of income taxes by state.
Ohio has been systematically lowering personal income tax rates since House Bill 66 was passed in 2005. The last scheduled tax reduction was applied for the 2011 tax year, and taxes were lowered over 15% since 2004. As of 2010, the Ohio tax commissioner will also begin adjusting the Ohio tax brackets every year to account for inflation – this will result in a small income tax raise yearly.
Ohio has both a standard deduction and personal exemptions. In addition to these, Ohio taxpayers can also claim a tax credit of $20 for each personal exemption claimed.
Local taxes are exempted from state taxable income on Ohio, like in many of the 14 states thatl have county or city level income taxes. In OH the average rate for counties and large municipalities, weighted by total personal income within each jurisdiction, is 1.82% (weighted local rates are from Tax Foundation Background Paper, No. 58, “2009 State Business Tax Climate Index”).
There are -945 days left until Tax Day, on April 15th 2015. The IRS will start accepting eFiled tax returns in January 2015 – you can start your online tax return today for free with TurboTax .
Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your Ohio income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Ohio tax returns. For details on specific deductions available in Ohio, see the list of Ohio income tax deductions.
4.1 – Ohio Standard Deduction
4.2 – Ohio Personal Exemptions
4.3 – Ohio Dependent Deduction
4.4 – Ohio Itemized Deductions
Tax-Rates.org provides easy access to five of the most commonly used Ohio income tax forms, in downloadable PDF format. For all of the tax forms we provide, visit our Ohio tax forms library or the ‘s tax forms page.
Ohio Department of Taxation PO Box 1460 Columbus, Ohio 43216-1460
Ohio Department of Taxation PO Box 2679 Columbus, Ohio 43218-2679
Ohio Department of Taxation PO Box 2057 Columbus, Ohio 43218-2057
You can save time and money by electronically filing your Ohio income tax directly with the . Benefits of e-Filing your Ohio tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below.
To e-file your Ohio and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies.
The two most popular tax software packages are H ?>