Ohio Tax FAQs

• taxmOuth Ohio Tax FAQs

Ohio Tax Forms

• taxmOuth Ohio Tax Forms

Ohio Corporate Taxes

• taxmOuth Ohio Corporate Taxes
• Ohio Tax Rates & Brackets:
  
  2.04%> $0
  3.4%> $50,000
  
• Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited)
• Throwback Sales?: N
• Foreign Tax Deductible?: Y
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: 0.208%
• Capital Stock (Net Worth) Tax?: 0.160% ($60,000 max.)

Ohio Tax Incentives and Credits

• taxmOuth Ohio Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Ohio Individual Income Taxes

• taxmOuth Ohio Individual Income Taxes
• Ohio tax rates and brackets:
  
  0.587%> $0
  1.174%> $5,000
  2.348%> $10,000
  2.935%> $15,000
  3.521%> $20,000
  4.109%> $40,000
  4.695%> $80,000
  5.451%> $100,000
  5.925%> $200,000
  
• Local Option IT Rate: 1.82%
• Federal Inc used as Base?: Y
• Standard Deductions: Single N/A / Joint N/A
• Personal Exemptions/Credits (c): Single $1,450+$20(c) / Joint $2,900+$40(c) / Dependent $1,450+$20(c)
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Ohio Estate, Gift and Inheritance Taxes

• taxmOuth Ohio Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Decoupled
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Ohio Miscellaneous Taxes

• taxmOuth Ohio Miscellaneous Taxes
• Gas Tax: 38.0 cents/gallon
• Diesel Tax: 28.0 cents/gallon
• Cigarette Tax: 125.0 cents/20 pack

Ohio Pass-through Tax Treatment

• taxmOuth Ohio Pass-through Entity Tax
• LLC Pass-through Recognized?: Partial
• S-Corp Pass-through Recognized?: Y

Ohio Payroll Taxes

• taxmOuth Ohio Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #10

Ohio Property Taxes

• taxmOuth Ohio Property Taxes
• Median Tax Paid on Homes (Rank): $1,807 (#23)
• Median Value of Homes: $140,200
• Tax as % of Home Value (Rank): 1.29% (#12)
• Median Income of Homeowner: $60,493
• Tax as % of Income (Rank): 2.99% (#20)

Ohio Sales and Use Taxes

• taxmOuth Ohio Sales and Use Taxes
• State Rate: 5.50%
• County & City (Weighted Ave): 1.33%
• Combined State and Ave. Local Rates (Rank): 6.83% (#25)
• General Treatment of Services: Many Taxable
• Gasoline: Exempt
• Groceries: Exempt