Ohio Income Tax Exemption 2024
Ohio Income Tax Exemption 2024. Everyone gets a personal exemption worth $2,400 if their income is $40,000 or below, along with one for their spouse and each dependent. The top income tax bracket will also be reduced from 3.99 to 3.75% in 2023.
Taxpayers with ohio gross receipts of $6 million or less will pay no cat. Each individual has a lifetime estate tax exemption — a gift tax exemption or the basic exclusion amount.