Tax Data Series

PERSONAL INCOME TAX:  Tax Year 2015 Income Tax Returns, by Income Class

A total of 5,356,440 Ohio personal income tax returns were filed for tax year 2015 (April 18, 2016 filing deadline). This represented an increase of 0.6 percent from the number of returns filed the previous year. Total federal adjusted gross income of approximately $419.2 billion was reported on the returns, an increase of 2.7 percent from the amount reported for 2014. The average federal adjusted gross income per return was $78,257, an increase of 2.1 percent from 2014. Taxpayers claimed personal exemptions valued at approximately $19.7 billion, an average of $3,675 per return, or approximately two exemptions per return. A total of 541,009 returns displayed a total of $55.8 billion taxable business income for an average of $103,189 per return.  Additionally, $310.3 billion in non-business taxable income was reported on 5,031,796 returns for an average of $61,661 per return.  Note that a return may report both types of income.  Total Ohio taxable income reported on the returns totaled $366.1 billion, an average of $68,346 per return.

Ohio's graduated income tax rates are applied to each taxpayer’s Ohio taxable non-business income to obtain tax liability before the application of credits.  The 2015 tax rates were applied to nine segments of taxable non-business 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 non-business income which exceeded $208,500.  This yielded tax before credits for non-business income of nearly $10.2 billion.  Additionally, there was a graduated tax rate structure for Tax Year 2015 business income that ranged from 0.495 percent for the first $5,200 of taxable business income to a top tax rate of 3.00 percent on business income over $41,700.  This yielded tax before credits on business income of approximately $1.6 billion.  Total Ohio taxable income for all taxpayers yielded total liability of about $11.8 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 almost $7.3 billion, a decrease of 7.7% over tax year 2014 income tax liability.

The following link will provide details on Ohio’s personal income tax including recent legislative changes: 2016 Annual Report

All figures shown in table Y-1 were compiled from returns filed for tax year 2015 with the Ohio Department of Taxation.