Ohio Tax Law Changes
Individual Changes Align with Tax Cut & Jobs Act
Ohio 529 Plans
For tax years beginning in 2018 and ending in 2025, the Ohio 529 deductible contributions have been expanded to include, not only post-high school tuition, but also private or parochial kindergarten through grade 12 tuition as well. 

Dependents
Ohio authorizes taxpayers to claim an exemption for dependents on their Ohio return even though their federal return will not show an exemption due to new tax law. 

HB 24 Allows deduction for certain subsidized health insurance premiums. 
This bill helps to clarify and codify the deduction for eligible subsidized insurance premiums in 2017 and later. This happened late in March so it’s possible returns could have been filed before these changes went into effect that could have benefited from the deduction. 

For more information on how these changes might impact you, please contact us at (859) 331-1717. 
New Ohio Municipal Tax System Upheld
The constitutionality of the new municipal tax filing system through the Ohio Business Gateway was challenged by over 160 Ohio municipalities. This new system allows Ohio to administer the municipal taxes in a centralized location versus businesses having to file with multiple localities. The Court upheld the law and denied the challenge by the municipalities.

We registered our business clients that filed in a significant amount of Ohio municipalities as the new system would benefit those filing in many jurisdictions the most. So, for those clients that are registered with the new system it looks like it is here to stay.