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Toledo Ohio Form Instructions 2553: What You Should Know
Ohio's residents. The information contained below was prepared to help you prepare your Ohio tax documents. We also recommend reading these important tips on paying your Ohio taxes, while you wait for your return to arrive. When making tax-related decisions, you need to consider your personal financial situation and dependents and their current financial status. Before the deadline for filing your 2023 Ohio state income tax return, complete the following questions. As part of the Ohio personal income tax returns, you must determine if you are required to file a federal tax return, either for federal tax withholding and/or individual income tax. Ohio's income tax rates are generally different for a married state tax return than for a single income tax return. In general, your Ohio income tax can only be from Ohio source deductions. The list of federal tax categories and their Ohio-based income tax brackets and rates is shown below. Payable to the Internal Revenue Service on January 15 of the year of the return. All federal, Ohio, and state income taxes are due by February 15 of each year. Income tax and social security taxes are deducted monthly from your gross pay. All Ohio state government income taxes are calculated using the federal table. Except for Ohio's homeowner portion of income taxes, the income tax is calculated as follows. Ohio's income tax rates are fixed at 7.85 percent. Income tax rates are determined on one half of the Ohio resident's total Ohio wages, and the total is taxed at this rate. There is no income tax for a foreign earned income exclusion. Ohio has no tax on earned income. The federal income tax is progressive and does not tax a citizen's share or personal service income of federal government employees. To determine your taxable income, use the federal brackets and amounts and use the Ohio taxpayer portion of these rates. Taxable income is divided by the number of brackets. This is the amount you are taxed at each bracket rate. Ohio personal income tax is determined as follows: 7.85 percent of gross income over 1,200 8.00 percent of gross income over 1,500 9.00 percent of gross income over 1,700 10.00 percent of gross income over 1,800 8.12 percent of gross income over 2,000 8.56 percent of gross income over 2,500 9.12 percent of gross income over 2,600 10.
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