Ohio Dependent Exemption 2024. Ohio allows a dependent exemption for dependent children and persons other than yourself and your spouse to whom you provide support and claim on. Two other noteworthy changes include a new statutory exemption from the municipal income tax for those under 18 years of age, effective for taxable years.
(the exemption is worth somewhat less at higher income. Ohio allows a dependent exemption for dependent children and persons other than yourself and your spouse to whom you provide support and claim on.
The Personal Exemption, Which Is Supported By The Ohio Income Tax, Is An Additional Deduction You Can Take If You (And Not Someone Else) Are Primarily Responsible For Your Own Living Expenses.
A dependent exemption is a tax benefit that you can claim on your income tax return if you have a dependent.
For The Tax Years 2023 And 2024, Each Dependent's Exemption Amount Is $4,700.
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A Dependent Exemption Is A Tax Benefit That You Can Claim On Your Income Tax Return If You Have A Dependent.
Everyone gets a personal exemption worth $2,400 if their income is $40,000 or below, along with one for their spouse and each dependent.
For The Tax Years 2023 And 2024, Each Dependent's Exemption Amount Is $4,700.
Two other noteworthy changes include a new statutory exemption from the municipal income tax for those under 18 years of age, effective for taxable years.
Ohio Allows A Dependent Exemption For Dependent Children And Persons Other Than Yourself And Your Spouse To Whom You Provide Support And Claim On.