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The following are the Ohio individual income tax brackets for 2005 through 2024. Please note that as of 2016, taxable business income is taxed at a flat rate of 3%. Note: The brackets listed for 2016 reflect the annual adjustment that was made in July 2016.
Ohio state income tax brackets depend on taxable income and residency status. The state has four tax rates: 0%, 2.75%, 3.68% and 3.75%. These rates are for income earned in 2023, which...
In Ohio, you need to pay your income and school taxes as you earn money throughout the year. If you don’t pay enough, you might owe the 2210 interest penalty. Ohio Expands 2024 Sales Tax Holiday July 30 – August 8, 2024.
The 2024 tax rates and thresholds for both the Ohio State Tax Tables and Federal Tax Tables are comprehensively integrated into the Ohio Tax Calculator for 2024. This tool is freely available and is designed to help you accurately estimate your 2025 tax return .
Ohio has moved from three to four tax brackets, ranging from 2.75 percent to 3.75 percent. Residents of many Ohio cities and villages also pay local income tax on top of state tax. Ohio residents who earn $26,050 or less do not have to pay state income tax.
H.B. 33, enacted in July 2023, reduced the number of individual income tax brackets in Ohio from three to two and lowered the top rate from 3.75 percent to 3.5 percent, continuing the individual income tax rate reduction and simplification trend that state legislators started in 2021.
The state sales tax rate in Ohio is 5.75%. Localities can add as much as 2.25%, and the average combined rate is 7.238%, according to the Tax Foundation. Groceries are tax-exempt.
Find out how much you'll pay in Ohio state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.
State of Ohio Individual Income Tax. Ohio’s new budget reduced the number of tax brackets for individual taxpayers starting in 2024. It also dropped the maximum tax rate from 3.75% to 3.5%, reducing tax liabilities for higher income taxpayers.
Ohio has a graduated state individual income tax, with rates ranging from 2.750 percent to 3.500 percent. There are also jurisdictions that collect local income taxes. Ohio does not have a corporate income tax but does levy a state gross receipts tax.