OHIO INCOME TAX CHANGES

OhioThe Ohio income tax form will have a new look for the 2015 year (i.e. the return filed in 2016 covering the 2015 year).  There will just be one form, the IT 1040, that will cover what was previously handled by three separate forms (the IT 1040, IT 1040EZ, and IT 1040X).  In addition, there will just be one Schedule of Credits that will encompass credits previously claimed on Schedules B, C, D, and E of the previous year IT 1040.  There are a number of other changes in the Ohio return, including changes in the calculation of the Business Income Deduction.  Be alert!

Jerry Dreier
Manager – Packer Thomas
Feel free to contact Jerry with your questions:  jdreier@packerthomas.com
(800) 943-4278
(330) 533-9777

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