States often adjust their tax brackets on a yearly basis, so make sure to check back later for Ohio's updated tax year 2024 tax brackets! The Ohio tax brackets on this page have been updated for tax year 2023, and are the latest brackets available. Is info on this page missing or out-of-date? Please let us know so we can fix it! Head over to the Federal income tax brackets page to learn about the Federal Income Tax, which applies in all states nationwide.ĭisclaimer: While we do our best to keep this list of Ohio income tax rates up to date and complete, we cannot be held liable for errors or omissions. ![]() The Federal income tax also has a standard deduction, personal exemptions, and dependant deductions, though they are different amounts than Ohio's and may have different rules. Likewise, you can take an additional dependent exemption for each qualifying dependent (like a child or family member), who you financially support. The Personal Exemption, which is supported by the Ohio income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses. The standard deduction, which Ohio does not have, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction. ![]() The current values of these deductions for tax year 2023 are as follows: The three most common deductions encountered by taxpayers are the Ohio Standard Deduction, the Ohio Personal Exemption, and the Ohio Dependent Deduction. In addition to marginal tax brackets, one of the major features of the Ohio income tax is deductions. The Federal Income Tax, by contrast, has different tax brackets for Single, Married Filing Jointly, and Head of Household taxpayers. , which are the same in Ohio for single filers and couples filing jointly. Each marginal rate only applies to earnings within the applicable marginal tax bracket Ohio has four marginal tax brackets, ranging from 2.77% (the lowest Ohio tax bracket) to 3.99% (the highest Ohio tax bracket). Ohio's tax brackets are indexed for inflation, and are updated yearly to reflect changes in cost of living. ![]() Ohio's income tax brackets were last changed two years ago for tax year 2021, and the tax rates were previously changed in 2020.
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