Ohio has made the following changes to their tax laws regarding tax year 2024.
Ohio Income Tax Tables
Ohio has reduced the number of tax brackets used to calculate tax on nonbusiness income and reduced one of the two tax rates.
New in Credits
Commercial Vehicle Training Credit - This new credit is available to employers who pay for employees to receive training in order to drive commercial vehicles.
Film and Theater Capital Improvements Credit - This new certificate-based credit is available to taxpayers who invest in facilities and equipment used in Ohio to produce film and Broadway theater productions.
New in Deductions
Ohio Homebuyer Plus Accounts - This new deduction is available for contributions made to and interest earned on an Ohio Homebuyer Plus account.