Tax Data Series

PERSONAL INCOME TAX:  Tax Year 2014 Income Tax Returns, by Income Class

A total of 5,325,377 Ohio personal income tax returns were filed for tax year 2014 (April 15, 2015 filing deadline). This represented a decrease of 1.8 percent from the number of returns filed the previous year. Total federal adjusted gross income of approximately $408.0 billion was reported on the returns, an increase of 6.2 percent from the amount reported for 2013. The average federal adjusted gross income per return was $76,621, an increase of 8.1 percent from 2013. Taxpayers claimed personal exemptions valued at approximately $19.6 billion, an average of $3,687 per return, or almost two exemptions per return. Ohio taxable income reported on the returns totaled $360.1 billion, an average of $67,615 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 2014 tax rates were applied to nine segments of taxable income, with a 0.495 percent rate applied to the first $5,200 of every taxpayer's taxable income, up to a top rate of 4.997 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 $13.5 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 almost $7.9 billion. 

This link will provide details on Ohio’s personal income tax including recent legislative changes.

All figures shown in table Y-1 were compiled from returns filed for tax year 2014 with the Ohio Department of Taxation.