Ohio has made the following changes to the tax laws for the 2019 tax year:
Ohio Income Tax Tables – Starting with tax year 2019 the Ohio Individual income tax brackets have been modified so that individuals with Ohio taxable non business income of $21,750 or less are not subject to income tax. All Ohio income tax rates have also been reduced by 4%.
Modified Adjusted Gross Income – Starting with tax year 2019, your exemption amount, certain credits, and school district Income tax bases are determined using “modified adjusted gross income” or “modified adjusted gross income less exemptions.”
Ohio Nonresident Statement – Nonresident taxpayers who are eligible to file form IT NRS may now make their statement using the IT 1040 in place of filing the IT NRS.
Ohio Political Party Fund – Starting in 2019 taxpayers may no longer designate $1 of their tax liability to go to the Ohio Political Party Fund.
Opportunity Zone Credit – A new credit is available for individuals who invest in Ohio opportunity zones.
For more information, please refer to the 2019 Ohio IT 1040 Booklet.