Tax Data Series

PERSONAL INCOME TAX:  2012 Income Tax Returns, by Income Class

A total of 5,322,358 Ohio personal income tax returns were filed for tax year 2012 (April 15, 2013 filing deadline). This represented an increase of 0.71 percent from the number of returns filed the previous year. Total federal adjusted gross income of approximately $403.2 billion was reported on the returns, an increase of 14.30 percent from the amount reported for 2012. The average federal adjusted gross income per return was $75,754, an increase of 13.50 percent from 2011. Taxpayers claimed personal exemptions ($1,700 per person) valued at approximately $17.8 billion, an average of $3,348 per return, or almost two exemptions per return. Ohio taxable income reported on the returns totaled $372.9 billion, an average of $70,069 per return.

Ohio's graduated income tax rates are applied to each taxpayer’s Ohio taxable income to obtain tax liability before the application of credits.  The 2012 tax rates were applied to nine segments of taxable income, with a 0.587 percent rate applied to the first $5,200 of every taxpayer's taxable income, up to a top rate of 5.925 percent on that portion of a taxpayer's taxable income which exceeded $208,500.  Applying these graduated tax rates to Ohio taxable income for all taxpayers yielded total liability of about $15.8 billion before the application of credits.

Net tax liability after subtraction of the personal exemption credit, joint filer credit for two working spouses, senior citizen credit, and other credits was $9.0 billion.

All figures shown in table Y-1 were compiled from returns filed for tax year 2012 with the Ohio Department of Taxation.