Ohio Tax Changes for 2014
Changes were recently made to Ohio’s tax structure again for 2014. These include an accelleration of the planned tax reductions, higher deduction for small business income (this was 50% in 2013, it will be 75% in 2014), greater credit for earned income and a higher standard exemption. Details can be read in this press release. We see these changes as all positive for the taxpayer.
