Tag Archives: Ohio
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreMany Americans do whatever they have to when it comes to finding stable employment. This can even include crossing state borders to work, though sometimes this can lead to a more complex tax situation. In an effort to simplify tax time for interstate commuters, some states have set agreements so the employee only has to […]
— Read moreFor working families with lower incomes, tax time can be extra stressful. Thankfully, there’s the Earned Income Tax Credit (EITC), which seeks to return more of the taxpayer’s earnings by way of a refund. This credit is an important part of a poverty reduction plan, as it seeks to keep families working even under low […]
— Read moreMany major cities, or even those close to the border of a neighboring state, have a significant portion of taxpayers who travel from another state to work there. For example, many New Jersey residents work in New York City, or Marylanders may drive to Virginia. It may not seem like a hassle to cross the […]
— Read moreThe state of Ohio taxes income at the following rates; The First $5,200 is taxed at .537% $5,201 to $10,400 at 1.074% $10,401 to $15,560 at 2.148% $15,561 to $20,900 at 2.686% $20,901 to $41,700 at 3.222% $41,701 to $83,350 at 3.760% $83,351 to $104,250 at 4.296% $104,251 to $208,500 at 4.988% $208,501 to above […]
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