STABLE and Ohio 529 Plan Accounts -taxpayer contributions to STABLE accounts and Ohio 529 plan accounts have increased to a maximum of $4,000 per beneficiary per taxable year. See pages 17 and 19 of the 2018 individual income tax instructions.
Disaster Work Deduction - A new deduction has been made available on Ohio Schedule A for compensation earned by out-of-state business owners and nonresident employees who perform disaster work in Ohio during a disaster response period declared by the governor of Ohio or the president of the United States. See page 17 of the 2018 individual income tax instructions.
Nonresident Credit Calculation - Form IT NRC, which is used by part-year residents and nonresidents to determine their nonresident credit, has gone through major changes for tax year 2018 to make the process of completing the form easier. See the updated form and pages 24 through 27 of the 2018 individual income tax instructions.
Form IT NRS – Ohio has created a new form for taxpayers who meet the conditions in R.C. 5747.24 and who want to create an indisputable assumption they are not domiciled in Ohio. This new form takes the place of the IT DA. See the new form and page 49 of the 2018 individual income tax instructions
Ohio Income Tax Tables - Ohio's individual income tax brackets for 2018 have been modified so that taxpayers with income of $10,850 or less are not required to pay income tax. The 2018 tax brackets beginning on page 32 have been indexed for inflation. See page 32 of the 2018 individual income tax instructions.