Taxes in Ohio

The state of Ohio is one of the many states inside of the US that requires you to pay a state income tax (there are some states that do not have a state income tax and rely on money coming in from other directions).
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The tax brackets and rates are much more straight forward with the Ohio 2015 tax return over what the United States Federal return is like. There are fewer refunds, deductions and ways to cut down on your final expenses. In order to determine what your taxable amount is for your Ohio tax return, you take your gross, finally income amount from your federal return and use this as the amount for your Ohio return.Taxes in Ohio 2015
In order to determine how much you must pay for your taxes, there are a few other tax brackets to look at.

  • If you make 0 – $5,199 you have a .54% tax rate.
  • If you make $5,200 – $10,399 you have a 1.07% tax rate plus $28.08
  • If you make $10,400 – $15,649 you have a 2.15% tax rate plus $83.72
  • If you make $15,650 – $20,899 you have a 2.69% tax rate plus $196.60
  • If you make $20,900 – $41,699 you have a 3.22% tax rate plus $337.82
  • If you make $41,700 – $83,349 you have a 3.76% tax rate plus $1,007.58
  • If you make $83,350 – $104,249 you have a 4.3% tax rate plus $2,573.62
  • If you make $104,250 – $208,499 you have a 4.99% tax rate plus $3,472.32
  • If you make $208,500 or more you have a tax rate of 5.39% plus $8,674.40

That was the rate for individual, single payers. If you are filing a joint tax return with a spouse, the payment is actually the same for net income if you combine the two. So, this is something you need to consider when filing your state of Ohio tax return. It might be possible for you to file individually and actually keep both of you in a lower tax bracket. However, the only way you can file individually is if you file individually on your federal tax returns, and there are often additional deductions for married couples that you need to consider.

The state of Ohio tax returns are due the same time as the federal tax returns, which is April 15, 2015. Both the IRS and Ohio allow you to send in your tax returns both through the mail or electrically through the provided eField return. If you have a scheduled return and you want your money faster, the best way to go about doing this is to electronically file it. The IRS and state of Ohio receive the tax returns faster, which allows them to issue your refund faster. All of this is important to consider when it comes down to filing your state of Ohio taxes. Just remember, to complete your Ohio taxes you need to first finish your federal taxes.