Ohio Tax Law Changes

Ohio Tax Law Changes

On June 30th, Governor Kasich signed the budget bill for the 2018-2019 fiscal year. The bill brings Ohio tax law changes that could affect you and your business.

In addition to retaining the Business Income Deduction of 100% of business income up to $250,000 and subsequent tax rate of 3% on excess business income, the bill includes the following provisions. See e-Tip link below for details.

  • tax brackets
  • college savings deduction
  • tax amnesty program
  • municipal income tax

If you would like to discuss your situation or have questions about how these changes will affect your business or individual income tax filings, please contact our professionals at 859-331-1717.

Rudler PSC e-Tip: Ohio Tax Law Changes