Ohio Income Tax Forms Rates & Services

Residents are required to file Ohio taxes unless:

• You are single, age 65 or older, AND your federal adjusted gross income is less than $11,400 and you have no schedule A adjustments;
• You are married, filing jointly, age 65 or older, AND your federal adjusted gross income is less than $12,800 and you have no schedule A adjustments;
• Your only source of income is retirement income that is eligible for the Retirement Income Credit AND the credit is the same or larger than your tax before credits;
• You are eligible for the senior citizen credit and your tax before credits is $50 or less;
• Your exemption amount is the same as, or more than, your Ohio adjusted gross income.

Ohio state law requires an exemption of the following from municipal taxation:

• Military pay or allowances.
• Income of religious, charitable, or educational institutions to the extent derived from tax-exempt property or activities.
• Public utilities that are subject to the public utility excise tax.
• Interest and dividends.

In addition, municipalities generally exempt the following:

• Old-age pensions and disability benefits.
• Capital gains and losses.

A new refundable tax credit against the corporation franchise tax, individual income tax or dealers in intangibles tax is available to owners of historic buildings. This credit is equal to 25% of the owner's qualifying rehabilitation expenses that are incurred in the restoration of a historic building.

Other Helpful Links:
Ohio Department of Taxation: http://tax.ohio.gov/
Ohio Income Tax Frequently Asked Questions: http://tax.ohio.gov/faqs/content/individual_income/qa.asp
Ohio Tax Forms: http://dw.ohio.gov/tax/dynamicforms/
Internal Revenue Service: http://www.irs.gov/