If you received unemployment compensation and you qualify to exclude up to $10,200 of these benefits on your federal tax return, you will be able to exclude the same amount on your Ohio tax return. If you filed your federal and Ohio tax returns without claiming the unemployment benefits deduction and you are entitled to […]
Have the following info in order to do the search….Social security number, filing status (page 1 of your Form 1040) and your exact refund amount (page 2 of your Form 1040) Federal “Where’s My Refund?” Check about 2 weeks after filing. Federal “Where’s My Amended Return Refund?” Need your date of birth and zip code. […]
Thinking of getting a Long Term Care policy? There is a limit to the amount that can be deducted on your tax return. For Federal return purposes the limit is based on age and ranges from $410 to $5,110 per person for 2017. This amount gets added to the rest of your Qualified Medical Costs […]
Typically, a scholarship or Pell Grant is tax-free if you are a degree candidate and the funds are used to pay for tuition, fees and books, supplies and equipment that are REQUIRED for enrollment or attendance at a qualified institution. However, there are instances where some or all of the scholarship or […]
Mistakes happen and tax returns are no exception. Filing an amended tax return corrects information that changes tax calculations. This includes making changes to filing status and dependents, or correcting income credits or deductions. Don’t file an amended return to fix math errors because the IRS will correct those. The IRS offers tips on how […]
Starting in 2016 the tax code regarding cities had quite an overhaul. City taxes can be challenging! Did you know that Ohio is one of few states where cities impose an income tax? Well, it’s true. RITA (Regional Income Tax Agency) and CCA (Central Collection Agency) are two organizations that handle the city tax filings […]
Yep! You heard me correctly. Ohio has a new flat tax. Doesn’t affect everyone but it does affect people with Ohio Business income that is over the amount that can be deducted with that handy dandy Ohio Business Credit. What’s the Ohio Business Credit you ask? Well…..let me tell you. If you have business income […]
It’s a race to file. Whoever files a tax return first with any given social security number is the one that initially gets a refund and the filing of your real tax return gets held up for quite some time. Can’t happen to you? Hmmmm……don’t be so sure. Just last week the Regional Income Tax Agency, […]
Just when we thought we all understood the thousands of intricacies of municipal tax code, they go and make changes to it. Anyone who does taxes can tell you that depending on the city where you work and the city where you live, there are different tax rates, tax credits, and so on and so […]
Yikes!! Did you get a letter from the State of Ohio Department of Taxation saying you are required to confirm your identification? Confusing, right? Is it real? Yep, it is. Ohio is requiring many people to confirm their ID. You will need to log in to the Ohio Department of Taxation of website. There is […]
