Income Tax Rates In Ohio
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The following are the ohio individual income tax tables for 2005 through 2020.
Income tax rates in ohio. The ohio tax rate ranges from 0 to 4 797 depending on your taxable income. The first step towards understanding ohio s tax code is knowing the basics. Ohio state single filer personal income tax rates and thresholds in 2021. This page has the latest ohio brackets and tax rates plus a ohio income tax calculator.
Income taxes accounted for 37 percent of state tax revenues in fiscal year 2017 the analysis said. Below we have highlighted a number of tax rates ranks and measures detailing ohio s income tax business tax sales tax and property tax systems. Unlike the federal income tax ohio s state income tax does not provide couples filing jointly with expanded income tax brackets. The top ohio tax rate has decreased from 4 997 last year to 4 797 this year.
For the 2019 tax year which you file in early 2020 the top rate is 4 797. The tax brackets have been indexed for inflation per ohio revised code section 5747 025. Income tax tables and other tax information is sourced from the ohio department of taxation. Ohio s maximum marginal income tax rate is the 1st highest in the united states ranking directly below ohio s you can learn more about how the ohio income tax.
Alone that would place ohio at the lower end of states with an income tax but many ohio municipalities also charge income taxes some as high as 3. Ohio s 2020 income tax ranges from 2 85 to 4 8. Please note that as of 2016 taxable business income is taxed at a flat rate of 3. Starting in 2005 ohio s state income taxes saw a gradual decrease each year.
The state levies a graduated rate tax on income earners. Top state income tax rates range from a high of 13 3 percent in california to 1 percent in tennessee according to the tax foundation study which was published in february. Each state s tax code is a multifaceted system with many moving parts and ohio is no exception. Beginning with tax year 2019 ohio income tax rates were adjusted so taxpayers making an income of 21 750 or less aren t subject to income tax.
How does ohio rank. Ohio collects a state income tax at a maximum marginal tax rate of spread across tax brackets.
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