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  2. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    The Tax Cuts and Jobs Act of 2017 eliminates personal exemptions for tax years 2018 through 2025. The exemption is composed of personal exemptions for the individual taxpayer and, as appropriate, the taxpayer's spouse and dependents, as provided in Internal Revenue Code at 26 U.S.C. § 151 .

  3. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    However, Nevada, Ohio, and Washington impose a gross receipts tax while Texas has a franchise tax based on "taxable margin", generally defined as sales less either cost of goods sold less compensation, with complete exemption (no tax owed) for less than $1MM in annual earnings and gradually increasing to a maximum tax of 1% based on net revenue ...

  4. Business and occupation tax - Wikipedia

    en.wikipedia.org/wiki/Business_and_occupation_tax

    Ohio phased out its net income tax on businesses and instituted a gross receipts tax. With the phase-in completed in 2010, Ohio and Washington are the only states with a broad-based gross receipts tax on businesses. However, Ohio's B&O system has a considerably higher threshold for tax liability and lower rates than Washington's system. [1]

  5. These Are the Receipts To Keep for Doing Your Taxes - AOL

    www.aol.com/finance/receipts-keep-doing-taxes...

    Gathering and saving receipts and tax documents is an important part of filing taxes and receiving your refund quickly. Whether you take the standard deduction or itemize deductions, most people ...

  6. IRS announces new tax brackets for 2025. How many Ohio ... - AOL

    www.aol.com/irs-announces-tax-brackets-2025...

    For tax year 2025, which will be filed in 2026, the following income tax rates apply: A 37% rate for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples ...

  7. 11 tax breaks you can claim without itemizing - AOL

    www.aol.com/article/2016/02/16/11-tax-breaks-you...

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  8. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    As of 2010, 68.8% of federal individual tax receipts, including payroll taxes, were paid by the top 20% of taxpayers by income group, which earned 50% of all household income. The top 1%, which took home 19.3%, paid 24.2% whereas the bottom 20% paid 0.4% due to deductions and the earned income tax credit.

  9. Ohio's tax holiday begins soon. Here's when you can start saving

    www.aol.com/ohios-tax-holiday-begins-soon...

    This year's sales-tax holiday is scheduled from midnight on July 30 through 11:59 p.m. on Aug. 8. According to the Ohio Department of Taxation, the sales-tax waiver will cover all tangible ...

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