When most taxpayers sit down to do their taxes each year, it's usually with a bit of aggravation and disdain. However, for Ohio residents, there will be a welcome surprise in the form of lower tax rates and some new tax deductions and credits.
Individuals – Lower Rates
With the signing of House Bill 59, income tax base amounts and rates have been reduced by 8.5% for 2013 and will be reduced another .5% in 2014, and an additional 1% in 2015. Here are the new rates for 2013:
Ohio Taxable Income
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