Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in.  A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

Can I deduct amounts relating to casualty or theft losses such as natural disaster damages, Ponzi scheme losses or property theft for Ohio income tax purposes?

No. While the IRS allows an itemized deduction for casualty, disaster and theft losses, Ohio law does not have a corresponding state tax deduction for such losses, nor any credit or exemption for such amounts. As such, the amounts are not deductible on your Ohio Individual Income Tax Return for any tax year.