ohio income tax brackets 2022

[19] Paul Williams, Ohio Enacts Budget With $1.6B Tax Cuts, Teleworker Refunds, Law360, July 1, 2021,https://www.law360.com/tax-authority/articles/1399539/ohio-enacts-budget-with-1-6b-tax-cuts-teleworker-refunds-. Timothy Vermeer, Katherine Loughead. With the approval of Amendment No. Ohio Married Filing Separately Tax Brackets. Any income over $110,650 would be taxes at the rate of 3.990%. Taxable Income (USD) Tax Rate; First 25,000: 0%: From . 2. (hh) Ohios personal and dependent exemptions are $2,400 for an AGI of $40,000 or less, $2,150 if AGI is more than $40,000 but less than or equal to $80,000, and $1,900 if AGI is greater than $80,000. The 2023 401(k) contribution limit for individuals under 50 is $22,500. 235-51 (2015). phone. Search form. 1325 G St NW 399 will double the bracket widths for married filers, thereby removing themarriage penaltythat currently exists in the states income tax code. 2022 Ohio SD 100 School District Income Tax Return 1827 to counteract the effects of Proposition 208 by automatically reducing the top marginal individual income tax rate by an amount that would keep the combined surtax and top rate from exceeding 4.5 percent. (kk) The standard deduction is taken in the form of a nonrefundable credit of 6 percent of the federal standard or itemized deduction amount, excluding the deduction for state or local income tax. Ohio does not have a corporate income tax but does levy a gross receipts tax. Ohio Individual and School District Income Taxes - Unpaid Balance November 04, 2022 Starting November 3, 2022, the Ohio Department of Taxation (ODT) has started mailing non-remittance assessment notices to taxpayers. 278, 2021 Leg., Reg. However, implementation of that law has been suspended pending the outcome of Prop. 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. . **Applies to capital gains income of high-earners. The credit cannot be reduced to below zero. If you filled out physical tax return forms, mail your completed Ohio income tax return to the Ohio no later then December 31st. Additionally, Ohio taxable nonbusiness income in excess of $115,300 is taxed at 3.99%. Multiply line 2 by 90% (.90) 5a. There are more than 600 Ohio cities and villages that add a local income tax in addition to the state income tax. Note: The brackets listed for 2014 reflect the annual adjustment that was made in July 2014 and reflect a 10.0 percentreduction compared to tax year 2012. [2] See Jared Walczak, Inflation Adjusting State Tax Codes: A Primer, Tax Foundation, Oct. 29, 2019,https://www.taxfoundation.org/inflation-adjusting-state-tax-codes/. Taxpayers with $26,050or less of non-business income are not subject to income tax for 2022. $1,007.74 + 3.760% of excess over $41,700, $2,573.78 + 4.296% of excess over $83,350, $3,471.64 + 4.988% of excess over $104,250, $8,671.63 + 5.421% of excess over $208,500. The Federal Income Tax was established in 1913 with the ratification of the 16th Amendment. Is line 1 greater than or equal to line 4? Itemized deductions allow individuals to subtract designated expenses from their taxable income and can be claimed in lieu of the standard deduction. 2838, 55th Leg., First Reg. hb```b``=AX,sUXlT (pRCYeViv\T*!xgRQfJddPPHv#/@eWR= /fwa`p vf@Zu"]9LL1312D1E3390V0fee5 {X12`,\xS]o{4'\T6 FWL (x) As of June 1, 2017, taxpayers cannot claim the personal exemption if their adjusted gross income exceeds $250,000 (single filers) or $500,000 (MFJ). 2. Starting November 3, 2022, the Ohio Department of Taxation (ODT) has started mailing non-remittance assessment notices to taxpayers. 4. Half of your total benefits would be $10,962. Timothy Vermeer is a Senior Policy Analyst with the Center for State Tax Policy at the Tax Foundation. for Ohio, we can see that Ohio collects (bb) The standard deduction is 15 percent of income with a minimum of $1,550 and a cap of $2,350 for single filers and married filing separately filers. 2838,[6] Arizona will allow partnerships, limited liability companies (LLCs), and S corporations to pay a 4.5 percent tax at the entity level instead of having all business-related income pass through to the individual income tax. Important: You can not eFile Forms to the IRS or State from DocuClix. Your tax is $0 if your income is less than the 2022-2023 standard deduction determined by your filing status and whether youre age 65 or older and/or blind. Here you can find how your Ohio based income is taxed at different rates within the given tax brackets. Instructions can be found in the Departments Instructional Booklet located on the formstab on the website. Benefits of e-Filing your Ohio tax return include instant submission, error checking, and faster refund response times. Prior to 2022, the Pelican States top rate ranked 25th. Ohio Income Tax Tables, Vocational Job Credit, Pass-Through Entity Related Addition and Credit and much more odx-share Arkansass top individual income tax rate declined from 5.9 percent to 5.5 percent as a result of legislation passed during the states December 2021 special session. Extension Filing Deadline - October 16, 2023. [11] Under the new law, which is retroactive to January 1, 2022, the 5.5 percent bracket was eliminated, and the second-lowest rate was reduced from 3.1 percent to 3.0 percent. So the taxable amount that you would enter on your federal income tax form is $5,000, because it is lower than half of your annual Social Security benefit. At the other end of the spectrum, Hawaii has 12 brackets. Some states double their single-bracket widths for married filers to avoid a . Note: *Applies to interest and dividends income only. (k) Bracket levels adjusted for inflation each year. Washington, DC 20005, Banner image attribution: Adobe Stock, Natee Meepian, Tax Expenditures, Credits, and Deductions, Tax Reform Plan for Growth and Opportunity, Location Matters: State Tax Costs of Doing Business, Tax Reforms for Mobility and Modernization, Consumption Tax Policies in OECD Countries. Ohio Income Tax Tables. Some states double their single filer bracket widths for married filers to avoid imposing a marriage penalty. Some states index tax brackets, exemptions, and deductions for inflation, while many others do not. Tax-Rates.org The 2022-2023 Tax Resource, start your online tax return today for free with TurboTax, Form IT 10 - Ohio Income Tax Information Notice, Form IT AR - Appliation for Personal Income Tax Refund, Form IT-1040 - Individual Income Tax Return, Form IT-1040ES - Individual Estimated Income Tax Return, Form IT-2210-1040 - Income Tax Underpayment Form. Filing Season Deadline - April 18, 2023 New for tax year 2022, if using a paper return to file taxes, an IT RC must be used by individuals to calculate their resident credit and included with their IT 1040. (ll) For taxpayers with federal AGI that exceeds $150,000, the taxpayer will pay the greater of state income tax or 3 percent of federal AGI. This page contains references to specific Ohio tax tables, allowances and thresholds with links to supporting Ohio tax calculators and Ohio Salary calculator tools. The state has been slowly eliminating its lowest tax bracket by exempting $1,000 increments every year since 2018. 1828, 55th Leg., First Reg. 0 Under SB 1828 and effective January 1, 2022, the law createsa two-tier individual income tax rate structure of 2.55% and 2.98% depending on filing status and taxable income and, if general fund revenue thresholds. 2.2022 Ohio income tax liability (total tax minus total credits) 3.2021 Ohio income tax liability (total tax minus total credits) 4. Ohio tax forms are sourced from the Ohio income tax forms page, and are updated on a yearly basis. You might be using an unsupported or outdated browser. [9] Changes begin for individuals with a D.C. taxable income between $250,000 and $500,000. Ohio has both a standard deduction and personal exemptions. 2023 Ohio Tax Tables with 2023 Federal income tax rates, medicare rate, FICA and supporting tax and withholdings calculator. Please note that as of 2016, taxable business income is taxed at a flat rate of 3%. Under H.B. 6 is Cincinnati, where the average apartment rent is $1,144. Importantly, two tax brackets were added to the individual income tax code. 0000001478 00000 n 2022 Income Tax Payment Voucher Kansas, for example, is one of several states imposing a three-bracket income tax system. Ohio tax forms are sourced from the Ohio income tax forms page, and are updated on a yearly basis. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package. [4] Howard Fischer, Court Rules Prop 208 Surcharge Can Stay For Now, Arizona Capitol Times, Aug. 19, 2021, https://www.azcapitoltimes.com/news/2021/08/1t9/court-rules-prop-208-surcharge-can-stay-for-now/. 58, "2009 State Business Tax Climate Index"). Katherine Loughead is a Senior Policy Analyst with the Center for State Tax Policy at the Tax Foundation. Or, when done editing or signing, create a free DocuClix account - click the green Sign Up button - and store your PDF files securely. 593, 2021 Gen. "Get a Form", Register for Taxes through the Ohio Business Gateway or by paper application, odx-share After the tables, we document notable individual income tax changes implemented in 2022. If your state tax witholdings are greater then the amount of income tax you owe the state of Ohio, you will receive an income tax refund check from the government to make up the difference. [21] A.B. - Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. Under S.B. (l) Exemption credits phase out for single taxpayers by $6 for each $2,500 of federal AGI above $212,288 and for MFJ filers by $12 for each $2,500 of federal AGI above $424,581. (g) In lieu of a dependent exemption, Arizona offers a child tax credit of $100 per dependent under the age of 17 and $25 per dependent age 17 and older. However, such . [1] U.S. Census Bureau, 2020 State Government Tax Tables, Fiscal Year 2020, https://www.census.gov/data/tables/2020/econ/stc/2020-annual.html. On March 22, 2021, Georgia enacted H.B. A payroll tax is a tax paid on the wages and salaries of employees to finance social insurance programs like Social Security, Medicare, and unemployment insurance. (mm) The standard deduction begins to phase out at $16,989 in income for single filers and $24,519 in income for joint filers. On July 8, 2021, Gov. An excise tax is a tax imposed on a specific good or activity. The IRS will start accepting eFiled tax returns in January 2020 - you can start your online tax return today for free with TurboTax . The Magnolia State now effectively exempts the first $5,000 of taxable income while assessing a 4 percent tax on the next $5,000 and a 5 percent tax on all taxable income above $5,000. [20] H.B. He holds a masters in public policy from Georgetown Universitys McCourt School of Public Policy and a bachelors degree in political science and sociology from Calvin College. (Idaho, 2022). A tax credit differs from deductions and exemptions, which reduce taxable income, rather than the taxpayers tax bill directly. IT-1040 can be eFiled, or a paper copy can be filed via mail. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible. Fill out and file this form, if you qualify, for a personal income tax refund. The state will also adopt federal taxable income as the income tax starting point, thereby bringing in the federal standard deduction. Tax-Rates.org provides free access to tax rates, calculators, and more. Ohio Income Tax Brackets and Other Information. Sess. A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. 2022 State Individual Income Tax Rates and Brackets, Notable Individual Income Tax Changes in 2022, 2015-2022 State Individual Income Tax Rates and Brackets, https://www.census.gov/data/tables/2020/econ/stc/2020-annual.html, https://www.taxfoundation.org/inflation-adjusting-state-tax-codes/, https://www.azleg.gov/legtext/55leg/1R/bills/SB1828S.pdf, https://www.azcapitoltimes.com/news/2021/08/1t9/court-rules-prop-208-surcharge-can-stay-for-now/, https://apps.azleg.gov/BillStatus/GetDocumentPdf/490546, https://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FBills%2F2021S2%2FPublic%2FSB1.pdf, https://www.sos.la.gov/ElectionsAndVoting/PublishedDocuments/ProposedConstitutionalAmendments2021Summaries.pdf, https://www.taxfoundation.org/ohio-budget-tax-cuts/, https://www.law360.com/tax-authority/articles/1399539/ohio-enacts-budget-with-1-6b-tax-cuts-teleworker-refunds-, Individual income taxes are a major source of, Forty-three states levy individual income taxes. h1 04X&`'MF[. Ohio has a progressive income tax system with six tax brackets. An income tax is referred to as a flat tax when all taxable income is subject to the same tax rate, regardless of income level or assets. Did you receive a 1099-G from the Ohio Department of Taxation or the Ohio Department of Job and Family Services? 159, enacted on May 6, 2021, Montanas top marginal individual income tax rate was reduced from 6.9 to 6.75 percent on January 1, 2022. The Ohio income tax rate tables and tax brackets shown on this web page are for illustration purposes only. It is required that you file this with the Ohio Department of Taxation, and it is suggested that you keep a copy for your records. "Individual Income Tax", Helpful tips prior to completing and filing the Ohio individual and/or school district income tax returns, odx-share A lock or https:// means you've safely connected to the .gov website. (Source: Ohio Department of Taxation) Sess. Some states tax as little as 0% on the first few thousand dollars of income. 0000013972 00000 n This standard deduction amount is reduced by $25 for every additional $500 of AGI, not to fall below $2,000. - Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust's income, rather than the trust itself paying the tax. The dependent personal exemption is structured as a tax credit and begins to phase out for taxpayers with income exceeding $200,000 (head of household) or $400,000 (married filing jointly). Effective for taxable years starting on or after 1/1/2022, Ohio Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you're asked to log in with an OHID - the state's best-of-breed digital identity - your privacy, data, and personal information are protected by all federal and state digital security guidelines. 2022 School District Income Tax Payment Voucher Those earning between $13,900 and $215,400 are subject to marginal tax decreases as the corresponding rates decreased from 5.9 percent and 6.33 percent to 5.85 percent and 6.25 percent, respectively. (p) Colorado, North Dakota, and South Carolina include the federal standard deduction in their income starting point. Kicking in at just over $24,000 in taxable income for single filers and $32,000 for married couples, Wisconsins second-highest rate affects the vast majority of the states taxpayers, with most paying more in income taxes to Wisconsin than they would with the same amount of income in most other states. Ohio collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. IT-1040 can be eFiled, or a paper copy can be filed via mail. 0000009029 00000 n For all filers, the lowest bracket applies to income up to $25,000 and the highest bracket only applies to income above $110,650. (c) For single taxpayers with AGI below $23,500, the standard deduction is $2,500. Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. It should take one to three weeks for your refund check to be processed after your income tax return is recieved. Registered eFiler: Sign in, AskIT 0000010192 00000 n Rates range from 0% to 3.99%. Single tax filers with taxable income up to $27,272 (double if filing jointly) would have been taxed at a rate of 2.55 percent. 159, 67th Leg., Reg. 0000130305 00000 n Their prominence in public policy considerations is further enhanced in that individuals are actively responsible for filing their income taxes, in contrast to the indirect payment of sales andexcise taxes. 0000054769 00000 n Estimated tax payments must be sent to the Ohio Department of Revenue on a quarterly basis. Prepare and eFile your 2020 Tax Returns on eFile.com. (t) In addition to the personal income tax rates, Delaware imposes a tax on lump-sum distributions. FILE ONLINE Fill-In IT 40P Tax Year: 2022 Revised on 12/22 2022 Income Tax Payment Voucher - Pay by electronic check via the Online Services or Guest Payment Services (no fees). 436, which further consolidates Montanas five tax brackets to four. 1, 93rd Gen. How to Calculate 2022 Ohio State Income Tax by Using State Income Tax Table. Enter how many dependents you will claim on your 2022 tax return. [4] Since the Arizona Supreme Court refused to suspend the law[5] while a lower court adjudicates details pertaining to the measures revenue allocation, the surtax remains in effect. States approaches to income taxes vary in other details as well. The 2023 state personal income tax brackets are updated from the Ohio and Tax Foundation data. 2023 School District Estimated Income Tax Payment Voucher for Individuals 0000172350 00000 n Enacted via the Fiscal Year 2022 Budget Support Act of 2021, the District increased the number of tax brackets from six to seven and altered many of the thresholds. Sess. For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. Sources: Tax Foundation; state tax statutes, forms, and instructions; Bloomberg BNA. The bracket adjustment amount starts at $610 for individuals with net income of $84,501 and decreases by $10 for every $100 in additional net income. 0000000016 00000 n Tax-Rates.org provides a printable Ohio datasheet including an income tax table, a list of Ohio tax deductions, important URLs and addresses, and more. Louisianas individual income tax looks significantly different than it did in 2021. For more information, see tax.ohio.gov/pay. The top marginal rate remains at 6.5 percent. trailer (i) Standard deduction or personal exemption is structured as a tax credit. Rev. Sess. Haw. Taxable income is the amount of income subject to tax, after deductions and exemptions. 0000001118 00000 n The difference between your combined income and the base tax bracket (which is $25,000 for single filers) is $5,000. Share sensitive information only on official, secure websites. Please reference the Ohio tax forms and instructions booklet published by the Ohio Department of Taxation to determine if you owe state income tax or are due a state income tax refund. The Ohio State Tax Tables for 2022 displayed on this page are provided in support of the 2022 US Tax Calculator and the dedicated 2022 Ohio State Tax Calculator. If you want to check the status of your Ohio tax refund, you can visit the Ohio Income Tax Refund page. Assy., Second Spec. Inflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. Payroll taxes aresocial insurance taxes that comprise 24.8percent of combined federal, state, and local government revenue, the second largest source of that combined tax revenue. Married Filing Jointly, Head of Household, and Married Filing Separately are all 0000055529 00000 n The flat tax plan would deliver a windfall to the wealthy. 0000111109 00000 n Ohio does not have a state standard deduction, nor do they usethe federal standard deduction amounts. This calculator estimates the average tax rate as the federal income tax liability divided by the total gross income. This document is in PDF format. [14] As of the first of the year, Louisianas top marginal rate is the fifth-lowest in the nation. 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. Ohio income tax rate and tax brackets shown in the table below are based on income earned between January 1, 2022 through December 31, 2022. In addition, the top bracket is eliminated and the new top rate is reduced further to 3.99%. - 0000008414 00000 n [12] See Louisiana Secretary of State, Statement of Proposed Constitutional Amendments October 9, 2021, https://www.sos.la.gov/ElectionsAndVoting/PublishedDocuments/ProposedConstitutionalAmendments2021Summaries.pdf. five income tax brackets with OH tax rates The law changed the next highest income tax bracket for individuals with Ohio AGI over $110,650 to 3.99% (formerly 4.413%). Share sensitive information only on official, secure websites. For single taxpayers living and working in the state of Ohio: For married taxpayers living and working in the state of Ohio: For the Single, Married Filing Jointly, Married Filing Separately, and Head of Forms, Questionnaires, and Exemption Certificates that can be downloaded for motor vehicle taxes, Instructions for Filing Personal Income Tax and School District Income Tax. Under the Tax Cuts and Jobs Act, the personal exemption is set at $0 until 2026 but not eliminated. For taxpayers with more than $100,000 in AGI, the dependent exemption is $300 per dependent. It was nearly doubled for all classes of filers by the 2017Tax Cuts and Jobs Actas an incentive for taxpayers not to itemize deductions when filing their federal income taxes. Map: How High are Individual Income Tax Rates in Your State? 0000129656 00000 n The same law also restored the refundability of the states earned income tax credit (EITC), which was made nonrefundable in 2016. At 6.27 percent, Wisconsins penultimate individual income tax rate was higher than thetopmarginal rates in 23 states that levy an individual income tax. Or, click the blue Download/Share button to either download or share the PDF via DocuX. Read more. The tax brackets for 2023 are the same as 2022: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Includes the School District SD 100, SD WH, and SD 40P. Free printable income tax forms and instructions booklet PDF. Detailed Information about Ohio state income tax brackets and rates, standard deduction information, and tax forms by tax year etc. An Ohio.gov website belongs to an official government organization in the State of Ohio. 0000012204 00000 n As of this writing, no such resolution has been adopted, so the top marginal individual income tax rate remains at 5.75 percent. An Ohio.gov website belongs to an official government organization in the State of Ohio. [18] Ulrik Boesen, Ohio Lawmakers Agree on Income Tax Cuts and Remote Work Tax Relief, Tax Foundation, June 30, 2021,https://www.taxfoundation.org/ohio-budget-tax-cuts/. (adsbygoogle = window.adsbygoogle || []).push({}); The Ohio Department of Revenue is responsible for publishing the latest Ohio State Tax Tables each year as part of its duty to efficiently and effectively administer the revenue laws in Ohio. Assy., Reg. 2022 inflation-adjusted amounts were not announced as of publication, so 2021 inflation-adjusted amounts are shown. (qq) Taxpayers also receive an additional deduction of $1,050 for each standard deduction box checked on federal Form 1040. Tax brackets continue to merge reducing the total number of tax brackets from a high of nine down to five this year. [9] Changes begin for individuals with a D.C. taxable income between $250,000 and $500,000. They simultaneously adopted revenue triggers that could create a lower, single-rate tax. 3. are met, a reduced two-tier individual income tax rate structure of 2.53% and 2.75% or a 2.5% tax rate beginning in 2023. There are seven federal income tax rates in 2022: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. 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. 2022 - Zero Liability / No Refund Individual Income Tax Return, Electing Pass-Through Entity Income Tax Return -- Form IT 4738, 2022 Pass-Through Entity and Trust Withholding Tax Return, 2022 Pass-Through Entity Composite Income Tax Return (IT 4708). Any taxable income exceeding $25 million is subject to the top marginal rate of 10.9 percent. On May 10, 2021, Governor Brad Little (R) signed H.B. The lowest tax bracket now begins at $25,000 in 2021. 0000015507 00000 n $1,101.30 + 4.109% of excess over $41,700, $2,812.70 + 4.695% of excess over $83,350, $3,793.96 + 5.451% of excess over $104,250, $9,476.63 + 5.925% of excess over $208,500, $1,078.70 + 4.109% of excess over $40,850, $2,755.17 + 4.695% of excess over $81,650, $3,715.30 + 5.451% of excess over $102,100, $9,280.77 + 5.925% of excess over $204,200, $1,121.78 + 4.327% of excess over $40,350, $2,867.72 + 4.945% of excess over $80,700, $3,866.61 + 5.741% of excess over $100,900, $9,659.28 + 6.24% of excess over $201,800, $1,112.50 + 4.327% of excess over $40,000, $2,843.30 + 4.945% of excess over $80,000, $3,832.30 + 5.741% of excess over $100,000, $9,573.30 + 6.24% of excess over $200,000, $1,168.65 + 4.546% of excess over $40,000, $2,987.05 + 5.194% of excess over $80,000, $4,025.85 + 6.031% of excess over $100,000, $10,056.85 + 6.555% of excess over $200,000, $1,224.95 + 4.764% of excess over $40,000, $3,130.55 + 5.444% of excess over $80,000, $4,219.35 + 6.32% of excess over $100,000, $10,539.35 + 6.87% of excess over $200,000, $1,281.10 + 4.983% of excess over $40,000, $3,274.30 + 5.693% of excess over $80,000, $4,412.90 + 6.61% of excess over $100,000, $11,022.90 + 7.185% of excess over $200,000. (h) Rates apply to individuals earning more than $84,500. For 2022 tax year. Enacted via the Fiscal Year 2022 Budget Support Act of 2021, the District increased the number of tax brackets from six to seven and altered many of the thresholds. Any income over $110,650 would be taxes at the rate of 3.990%. (ee) For taxpayers whose AGI exceeds $103,025 (married filing separately) or $206,050 (all other filers), Minnesotas standard deduction is reduced by the lesser of 3 percent of the excess of the taxpayers federal AGI over the applicable amount or 80 percent of the standard deduction otherwise allowable. 50, which increased the standard deduction for single filers from $3,000 to $3,500. 2023 Forbes Media LLC. The tax brackets were adjusted per House Bill 110. If you are not a resident of Ohio, have a complicated tax return, or have other specialized circumstances you may need to download additional tax forms from the website. We also provide State Tax Tables for each US State with supporting tax calculators and finance calculators tailored for each state. Instructions: Enter a full or partial form number or 2022 Ohio IT 1040 Individual Income Tax Return - Includes Ohio IT 1040, Schedule of Adjustments, IT BUS, Schedule of Credits, Schedule of Dependents, IT WH, and IT 40P. Click below for guidance regarding a 1099-G. Beginning January 1, 2023, the Department of Taxation will launch the sports gaming receipts tax, which imposes a 10% tax on sports gaming receipts. A separate tax tables exist for individuals earning $84,500 or less, with rates of 2 percent on income greater than or equal to $5,000; 3 percent on income greater than or equal to $10,000; 3.4 percent on income greater than or equal to $14,300; 5 percent on income greater than or equal to $23,600; and 5.5 percent on income greater than $39,700 but less than or equal to $84,500. (rr) California and Oregon do not fully index their top brackets. Please be sure to send your completed tax forms to the correct address for your filing type. Pay by electronic check via the Online Services or Guest Payment Services (no fees). Ohio state income tax rate table for the 2022 - 2023 filing season has five income tax brackets with OH tax rates of 0%, 2.765%, 3.226%, 3.688%, and 3.99% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. Please remember that the income tax code is very complicated, and while we can provide a good estimate of your Federal and Ohio income taxes, your actual tax liability may be different. Those with taxable income over $500,000 but not over $1 million will pay $42,775 plus 9.75 percent of the excess over $500,000. $2,400.64 + 3.688% of excess over $92,150, $3,254.41+ 3.990% of excess over $115,300, $2,304.31+ 3.688% of excess over $88,450, $3,123.05+ 3.990% of excess over $110,650, $2,416.12 + 3.802% of excess over $88,450, $3,260.16 + 4.413% of excess over $110,650, $8,143.14 + 4.797% of excess over $221,300, $2,374.07 + 3.802% of excess over $86,900, $3,202.91 + 4.413% of excess over $108,700, $7,999.84 + 4.797% of excess over $217,400, $2,473.22 + 3.960% of excess over $86,900, $3,336.50 + 4.597% of excess over $108,700, $2,427.70 + 3.960% of excess over $85,300, $3,273.16 + 4.597% of excess over $106,650, $8,178.16 + 4.997% of excess over $213,350, $2,396.40 + 3.960% of excess over $84,200, $3,231.96 + 4.597% of excess over $105,300, $8,072.60 + 4.997% of excess over $210,600.