Tax Data Series

INDIVIDUAL INCOME TAX:  2016 IT-1040 Tax Returns, by Income Class

A total of 5,502,385 Ohio individual income tax returns were filed for 2016 (April 18, 2017 filing deadline). This represents an increase of 2.7 percent from the number of returns filed the previous year. Total federal adjusted gross income (FAGI) of approximately $429.1 billion was reported on the returns, an increase of 2.4 percent from the amount reported for 2015.

The average federal adjusted gross income (FAGI) per return was $77,989, a decrease of 0.3 percent from 2015. Taxpayers claimed personal exemptions valued at approximately $20.7 billion, an average of $2,044 per return.

A total of 40,309 returns reported a total of approximately $53.5 billion of taxable business income for an average of approximately $1.3 million per return.  Additionally, approximately $320.9 billion in taxable non-business income was reported on 5,118,542 returns for an average of $62,702 per return.  Note that a return may report both types of income.  Total Ohio taxable income reported on the returns totaled approximately $374.4 billion, an average of $72,964 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 2016 tax rates were applied to nine segments of taxable non-business income, with a 0.495 percent rate applied to the first $5,250 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 $210,600.  This yielded tax before credits for non-business income of approximately $10.6 billion.

Additionally, there was a flat tax of 3.00 percent on taxable business income.  This yielded tax before credits on business income of approximately $1.6 billion.  Income tax liability before credits is reported as approximately $12.2 billion.

Net tax liability after subtraction of the personal exemption credit, joint filer credit for two working spouses, senior citizen credit, and other credits was approximately $7.4 billion, an increase of 0.6 percent over the prior year’s income tax liability.

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

All figures shown in table Y-1 were compiled from returns filed for taxable year 2016 with the Ohio Department of Taxation as reflected in the system of record on the date the data was extracted from the system.