Ohio ~ Personal Income Tax: 2016 Individual Tax Brackets Indexed for Inflation Posted

CCH Tax Day Report

The Ohio Department of Taxation has issued the 2016 individual income tax brackets indexed for inflation. The brackets are as follows:

— 0 – $5,250 (0.495%)

— $5,250 – $10,500 ($25.99 +.990% of excess over $5,250)

— $10,500 – $15,800 ($77.97 + 1.980% of excess over $10,500)

— $15,800 – $21,100 ($182.91 + 2.476% of excess over $15,800)

— $21,100 – $42,100 ($314.14 + 2.969% of excess over $21,100)

— $42,100 – $84,200 ($937.63 + 3.465% of excess over $42,100)

— $84,200 – $105,300 ($2,396.40 + 3.960% of excess over $84,200)

— $105,300 – $210,600 ($3,231.96 + 4.597% of excess over $105,300)

— $210,600 and up ($8,072.60 + 4.997% of excess over $210,600)

Release, Ohio Department of Taxation, December 8, 2016

AUTHOR

CCHTaxGroup

All stories by: CCHTaxGroup

Leave a Reply

Your email address will not be published.