Ohio Department Of Revenue, Ohio Tax
Ohio Business Corporate Tax, Ohio Personal Income Tax, Ohio Sales Tax Rates
What is the Ohio corporate net income tax rate?
.26% of your gross revenue. This is called the CAT return, or Commercial Activity Tax. This is on every entity, regardless of it being an LLC, Partnership, or Corporation. It has a $150 minimum payment.
What are the Ohio personal net income tax rates?
| 0-5,000 | .587% |
| 5,000-10,000 | 1.174% |
| 10,000-15,000 | 2.348% |
| 15,000-20,000 | 2.935% |
| 20,000-40,000 | 3.521% |
| 40,000-80,000 | 4.109% |
| 80,000-100,000 | 4.695% |
| 100,000-200,000 | 5.451% |
| 200,000 + | 5.925% |
There are also a lot of local income taxes with an average rate of 1.82%.
What is the average Ohio sales tax rate?
6.83%. The State has a 5.5% tax, but the average local tax is 1.33% making a total of 6.83%.
Are there standard deductions?
Single: none
Joint: none
Are there personal exemptions?
Single: $1,450
Dependents: $1,450
What forms do you file for your Ohio taxes?
Ohio C corporations: Form CAT 12 Commercial Activity Tax annual return
S Corporations: Form CAT 12 and OH20S
Partnerships: Form CAT 12
Individual (Ohio LLC members): Form IT-1040
To learn about nonprofit filings, see our Ohio Nonprofit Corporation page.
Estimated tax payments?
Form CAT e-file for gross revenue over 1 million. Personal filers must file form IT-1040ES. Ohio follows the IRS standards for estimated payments. If you will owe $500 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.
Ohio Department of Revenue:
| Ohio Department of Taxation P.O. Box 530 Columbus , OH 43216-0530 T: 888-405-4039 or 888-405-4089 Website: http://tax.ohio.gov/ |
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