Ohio Updates IRC Conformity

Ohio has updated its Internal Revenue Code (IRC) conformity to incorporate changes to the IRC taking effect after March 30, 2017. The incorporated changes include the federal:

  • Tax Cuts and Jobs Act; and
  • Bipartisan Budget Act of 2018.

“Dependents” and 529 Plans

The changes include:

  • for tax years 2018 through 2025 defines “dependents” as defined in the IRC; and
  • expands Ohio’s 529 education savings plan to include expenses for private or parochial K-12 education expenses.

The updated definition of “dependents” removes the requirement that dependents be claimed on a federal income tax return. The federal exemption was temporarily suspended by the Tax Cuts and Jobs Act.

S.B. 22. Laws 2018, effective March 30, 2018; Press Release, Ohio Department of Taxation, April 2, 2018

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