iCalculator™ OH (US)"Informing, Educating, Saving Money and Time in Ohio"
US Tax 2024

iCalculator™ US: Ohio Tax Calculators

Welcome to iCalculator™ US, your comprehensive suite of free tax calculators for Ohio. iCalculator™ has provided free tax calculators for Ohio since 2014. Since those early days we have extended our resources for Ohio to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. View all tax calculators and tools in the Ohio Tax Hub or use the Ohio Tax Calculator for 2024 (2025 Tax Return).

Ohio Tax Calculator 2024
*** Please enter your income ***
Advanced Ohio Salary Calculator 2024
FICA (Federal Insurance Contributions Act):
Itemized Deductions:
Retirement Plan Contributions:
About you:
About your spouse (complete if Married filing Jointly:
Local Taxes and Additional Taxes:
Additional Ohio State Tax Deductions and Credits:
Additional Federal Tax Deductions and Credits:
Work Time Settings [for fine tune computation of hourly rates etc.]:
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Ohio Tax Calculator 2024/25

The Ohio Tax Calculator is for the 2024 tax year which means you can use it for estimating your 2025 tax return in Ohio, the calculator allows you to calculate income tax and payroll taxes and deductions in Ohio. This includes calculations for

  1. Employees in Ohio to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Ohio.

The Ohio Tax Calculator for 2024 encompasses a comprehensive suite of features to cater to your tax calculation needs. Key features include detailed calculations for Federal Income Tax based on the latest tax tables and allowances, FICA contributions covering both Social Security and Medicare, and automatic calculations for the Earned Income Tax Credit (EITC). Additionally, it allows for the consideration of retirement plan contributions, including 401(k), 403(b), SARSEP, and 457 plans, as well as SIMPLE plans, with specific limits for 2024. The calculator also supports Schedule A (Form 1040) for Federal Itemized Deductions, local tax calculations, and the inclusion of additional taxes or deductions.

For those seeking a deeper understanding and more detailed information on these features, including how they apply to your individual tax situation, it's recommended to view the comprehensive instructional overview here. This additional resource provides extensive insights into each feature, ensuring you can maximize your tax deductions and credits effectively for the 2024 tax year.

Discover Ohio, United States

Ohio, located in the Midwestern United States, is strategically positioned as a key connector between the Northeast and the Midwest, contributing to its diverse economic and cultural character. It shares borders with Michigan to the northwest, Pennsylvania to the east, West Virginia and Kentucky to the south, and Indiana to the west. Ohio's northern border is defined by Lake Erie, providing it with a significant waterfront. Discover more about Ohio's neighbors: Michigan, Pennsylvania, West Virginia, Kentucky, Indiana.

Cultural Significance

Ohio is rich in cultural heritage, reflected in its diverse population, historical sites, and significant contributions to American music, literature, and sports. The state is known for its major cities like Columbus, Cleveland, and Cincinnati, each offering unique cultural experiences, from the Rock and Roll Hall of Fame in Cleveland to the vibrant arts scene in Columbus. Ohio's history in the industrial revolution and the Civil War has also left an enduring legacy, making it a state with deep historical roots.

Economic Overview

The economy of Ohio is one of the largest in the United States, driven by a mix of Pennsylvaniamanufacturing, Pennsylvaniafinance, Pennsylvaniahealthcare, and Pennsylvaniaeducation. The state is a significant manufacturing center, particularly known for automotive and aerospace components, rubber products, and steel production. Ohio's location with access to major waterways and as a crossroad of several interstate highways has also made it a logistics and transportation hub.

Apart from manufacturing, Ohio's economy is bolstered by a strong agricultural sector, with soybeans, corn, and dairy products being major contributors. The state is also home to several major universities and research institutions, fueling innovation and growth in the technology and healthcare sectors. Ohio's diverse economy, combined with its cultural and geographic advantages, makes it a pivotal state in the national economic landscape.

Overview of Taxation in Ohio, United States

The tax system in the United States includes both federal and state-level taxes. This overview provides a snapshot of the state tax system in Ohio, focusing on different types of state taxes and their compliance, while excluding specific tax rates.

State Taxes in Ohio

Ohio's state tax system comprises several key types of taxes that impact both individuals and businesses. Understanding these taxes is essential for proper financial planning and compliance.

1. Income Tax

Ohio imposes a state income tax on its residents. The state follows a progressive tax structure with rates that increase as income rises. It is important for individuals to understand their respective tax brackets for accurate tax filing.

2. Sales Tax

The state levies a sales tax on the purchase of most goods and services. The rate varies, as local jurisdictions can add to the state rate. Certain items may be exempt from sales tax or taxed at a reduced rate, and understanding these exemptions is crucial for both consumers and businesses.

3. Property Tax

Property tax in Ohio is a significant source of revenue for local governments. These taxes are based on the assessed value of property and vary by location, funding public services like education, transportation, and public safety.

4. Corporate and Business Taxes

Businesses in Ohio are subject to corporate taxes, which are calculated based on business income. Additionally, Ohio has specific taxes for certain business activities and sectors. Understanding and complying with these tax laws is crucial for business operations within the state.

Compliance and Reporting

Adhering to Ohio's tax laws involves understanding the various filing requirements and deadlines for each type of tax. Both individuals and businesses must ensure accurate reporting and timely tax payments to avoid penalties. The state provides resources and assistance to help taxpayers understand their obligations and navigate the tax filing process.