Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for. Extension Filing Deadline - October 16, 2023. View how much tax you may pay in other states based on the filing status and state entered above. Any taxable income exceeding that amount would have been taxed at a rate of 2.98 percent. Pay by electronic check via the Online Services or Guest Payment Services (no fees). Importantly, S.B. It was nearly doubled for all classes of filers by the 2017Tax Cuts and Jobs Actas an incentive for taxpayers not to itemize deductions when filing their federal income taxes. Eleven states have county- or city-level income taxes; the average rates expressed as a percentage of AGI within each jurisdiction are: 0.12% in Alabama; 0.01% in Delaware; 0.38% in Indiana; 0.12% in Iowa; 1.48% in Kentucky; 2.69% in Maryland; 0.22% in Michigan; 0.27% in Missouri; 1.69% in New York; 1.93% in Ohio; and 1.34% in Pennsylvania. Tax-Rates.org provides easy access to five of the most commonly used Ohio income tax forms, in downloadable PDF format. 105, 2021 Gen. It is required that you file this with the Ohio Department of Taxation, and it is suggested that you keep a copy for your records. For single taxpayers living and working in the state of Ohio: For married taxpayers living and working in the state of Ohio: For the Single, Married Filing Jointly, Married Filing Separately, and Head of Additionally, Ohio taxable nonbusiness income in excess of $115,300 is taxed at 3.99%. The law was passed as a SALT deduction cap workaround.[7]. 2023 Ohio Tax Tables with 2023 Federal income tax rates, medicare rate, FICA and supporting tax and withholdings calculator. For each single taxpayer whose Connecticut AGI exceeds $56,500, the amount of the taxpayers Connecticut taxable income to which the 3 percent tax rate applies shall be reduced by $1,000 for each $5,000, or fraction thereof, by which the taxpayers Connecticut AGI exceeds said amount. You can complete and sign the forms here on eFile.com before you mail them to the Ohio Department of Revenue. Tax-Rates.org provides free access to tax rates, calculators, and more. "Register for Taxes", Ohio is currently in conformity with federal law for tax purposes as it existed on February 17, 2022, odx-share 0000014337 00000 n The IRS will start accepting eFiled tax returns in January 2020 - you can start your online tax return today for free with TurboTax . For all taxpayers with AGI of $20,000 or less and claiming a dependent, the dependent exemption is $1,000. 0000001478 00000 n (x) As of June 1, 2017, taxpayers cannot claim the personal exemption if their adjusted gross income exceeds $250,000 (single filers) or $500,000 (MFJ). A marriage penaltytypically occurs when two individuals with similar incomes marry; this is true for both high- and low-income couples. Single tax filers with taxable income up to $27,272 (double if filing jointly) would have been taxed at a rate of 2.55 percent. See the tax tables and brackets. If you're asked to log in with an OHID - the state's best-of-breed digital identity - your privacy, data, and personal information are protected by all federal and state digital security guidelines. Filing Season Open-January 23, 2023 Register, file, and pay business tax obligations, odx-share 0000007510 00000 n Ohio Governor Mike DeWine signed the $72 billion dollar state budget into effect earlier this month, a package which was met with opposition, including 14 line-items vetoed by DeWine himself. Tony Evers (D) approved the biennial budget for FYs 2022-23 (A.B. For all filers, the lowest bracket applies to income up to $25,000 and the highest bracket only applies to income above $110,650. Find your gross income. Looking at the tax rate and tax brackets shown in the tables above [4] Howard Fischer, Court Rules Prop 208 Surcharge Can Stay For Now, Arizona Capitol Times, Aug. 19, 2021, https://www.azcapitoltimes.com/news/2021/08/1t9/court-rules-prop-208-surcharge-can-stay-for-now/. The seven federal income tax brackets for the 2022 tax year are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Multiply line 2 by 90% (.90) 5a. A tax bracketis the range of incomes taxed at given rates, which typically differ depending on filing status. (n) State provides a state-defined personal exemption amount for each exemption available and/or deductible under the Internal Revenue Code. Department of Food Science and Technology. [10] The standard deduction for joint filers increased from $6,000 to $7,100. (g) In lieu of a dependent exemption, Arizona offers a child tax credit of $100 per dependent under the age of 17 and $25 per dependent age 17 and older. Under S.B. Sess. Ohio income tax forms are generally published at the end of each calendar year, which will include any last minute 2022 - 2023 legislative changes to the OH tax rate or tax brackets. 1325 G St NW For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. Please make sure the Ohio forms you are using are up-to-date. [15] Additional changes enacted via S.B. The following are the Ohio individual income tax brackets for 2005 through 2022. (z) Standard deduction and personal exemptions are combined: $4,500 for single and married filing separately; $9,000 MFJ and head of household. Sess. [15] S.B. The top Ohio tax rate has decreased to 3.99% from a high of 4.997% just a few year ago. [11] H.B. You can learn more about how the Ohio income tax compares to other states' income taxes by visiting our map of income taxes by state. State Corporate Income Tax Rates and Brackets for 2022 Janelle Fritts Download Data See 2023 Rates Key Findings Forty-four states levy a corporate income tax. For business filing, tax registration, online services, Ohio Business Gateway and more. (La, 2021). Pending the outcome of Proposition 307, Arizonas top marginal rate is capped at 4.5 percent, even though a final decision on Proposition 208 is still pending judicial review. The tax brackets were adjusted per House Bill 110. - As of this writing, no such resolution has been adopted, so the top marginal individual income tax rate remains at 5.75 percent. Ohio income tax rate and tax brackets shown in the table below are based on income earned between January 1, 2022 through December 31, 2022. (Wis, 2021). for Ohio, we can see that Ohio collects (Mont, 2021). Inflation-adjusted bracket levels for 2022 are shown. A new addition and credit are applicable to investors in a pass-through entity that files the IT 4738. "Ohio Business Gateway", Resources for filing and paying business taxes online, odx-share tax extension, amendment, etc.). In 2022, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). Instructions for Filing Personal Income Tax and School District Income Tax. Personal Income Tax HB Tax Changes from Ohio's FY 2022-23 Budget Bill Read . 436, 66th Leg., Second Reg. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies. 0000129656 00000 n Share sensitive information only on official, secure websites. The state income tax system in Ohio is a progressive tax system. The tax brackets were adjusted per House Bill 110. You can find all of Ohio's 2023 income tax forms on the, Once you've filled out your Ohio income tax return, you have several options for filing and paying your income tax. 50, which increased the standard deduction for single filers from $3,000 to $3,500. [3] The transition would have initially collapsed the four current tax brackets into two. . If dependents meet certain conditions, filers can take an additional $1,500 exemption for each. On July 1, 2021, Governor Mike DeWine (R) signed H.B. Some states double their single-bracket widths for married filers to avoid a . Finally, under provisions of H.B. A separate tax tables exist for individuals earning $84,500 or less, with rates of 2 percent on income greater than or equal to $5,000; 3 percent on income greater than or equal to $10,000; 3.4 percent on income greater than or equal to $14,300; 5 percent on income greater than or equal to $23,600; and 5.5 percent on income greater than $39,700 but less than or equal to $84,500. If your state tax witholdings are greater then the amount of income tax you owe the state of Ohio, you will receive an income tax refund check from the government to make up the difference. 0000008774 00000 n Tax brackets continue to merge reducing the total number of tax brackets from a high of nine down to five this year. 2022 inflation-adjusted amounts were not announced as of publication, so 2021 inflation-adjusted amounts are shown. [18]Specifically, the law reduced the top marginal rate from 4.797 to 3.99 percent and reduced the other rates by 3 percent across the board. Or, click the blue Download/Share button to either download or share the PDF via DocuX. (nn) In lieu of the suspended personal exemption, New Mexico offers a deduction of $4,000 for all but one of a taxpayers dependents. 0000010933 00000 n PENALTYucator - Late Filing, Payment Penalties? This standard deduction amount is reduced by $175 for every additional $500 of AGI, not to fall below $4,000. of 0%, 2.765%, 3.226%, 3.688%, and 3.99% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. [9] See Bill 24-285, Amendment in the Nature of a Substitute (D.C., 2021). 380, reducing the states top marginal individual income tax rate from 6.925 to 6.5 percent while consolidating seven individual income tax brackets into five. You can mail your return to the at the correct address below, and include your payment by check or money order. description into the 'Title or Number' box, optionally select a tax year and Click below for guidance regarding a 1099-G. Beginning January 1, 2023, the Department of Taxation will launch the sports gaming receipts tax, which imposes a 10% tax on sports gaming receipts. 6 is Cincinnati, where the average apartment rent is $1,144. 0000077825 00000 n This year, the Ohio tax rates remains unchanged, however, the income tax brackets increased due to the annual inflation adjustment. Rates range from 0% to 3.99%. (Ga, 2021). The bracket adjustment amount starts at $610 for individuals with net income of $84,501 and decreases by $10 for every $100 in additional net income. Pending revenue triggers, the tax would eventually have been reduced to 2.5 percent, regardless of income level. to the highest OH tax rate bracket of 3.99%. His research includes work on whether labor or capital bear the burden of states corporate income taxation. Your tax brackets and rates are. (t) In addition to the personal income tax rates, Delaware imposes a tax on lump-sum distributions. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. Here you can find how your Ohio based income is taxed at different rates within the given tax brackets. We also provide State Tax Tables for each US State with supporting tax calculators and finance calculators tailored for each state. The current tax year for individuals is 2022, with taxes due April 18, 2023. Detailed Information about Ohio state income tax brackets and rates, standard deduction information, and tax forms by tax year etc. Share sensitive information only on official, secure websites. If you are not a resident of Ohio, have a complicated tax return, or have other specialized circumstances you may need to download additional tax forms from the website. The Ohio income tax rate tables and tax brackets shown on this web page are for illustration purposes only. An income tax is referred to as a flat tax when all taxable income is subject to the same tax rate, regardless of income level or assets. Please note that as of 2016, taxable business income is taxed at a flat rate of 3%. The 2022 tax brackets affect the taxes that will be filed in 2023. Though barely 100 years old, individual income taxes are the largest source of tax revenue in the U.S. A tax creditis a provision that reduces a taxpayers final tax bill, dollar-for-dollar. Sess. Taxpayers with $26,050or less of non-business income are not subject to income tax for 2022. They are assessed a tax of $19,560 plus 9.25 percent of the excess over $250,000. (r) Connecticut taxpayers are also given personal tax credits (1-75%) based upon adjusted gross income. 0000001118 00000 n Alone, that would place Ohio at the lower end of states with an income tax, but many Ohio municipalities also charge income taxes, some as high as 3%. Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust's income, rather than the trust itself paying the tax. Some of these rate reductions were effective starting January 1, 2022; some were retroactive to January 1, 2021; and others are scheduled to take effect in the future. As a 501(c)(3) nonprofit, we depend on the generosity of individuals like you. Starting in 2005, Ohio's state income taxes saw a gradual decrease each year. Includes Ohio IT 1040, Schedule of Adjustments, IT BUS, Schedule of Credits, Schedule of Dependents, IT WH, and IT 40P. Ohio income is taxed at different rates within the given tax brackets below. The Ohio tax tables here contain the various elements that are used in the Ohio Tax Calculators, Ohio Salary Calculators and Ohio Tax Guides on iCalculator which are designed for quick comparison of salaries and the calculation of withholdings for typical employees and employers. Last year was a historic year for income tax rate reductions, with more states reducing their individual income tax rates in a single year than the U.S. has seen since the years following the federal tax reform of 1986. A lock or https:// means you've safely connected to the .gov website. (ee) For taxpayers whose AGI exceeds $103,025 (married filing separately) or $206,050 (all other filers), Minnesotas standard deduction is reduced by the lesser of 3 percent of the excess of the taxpayers federal AGI over the applicable amount or 80 percent of the standard deduction otherwise allowable. The 2023 401(k) contribution limit for individuals under 50 is $22,500. Arkansass top individual income tax rate declined from 5.9 percent to 5.5 percent as a result of legislation passed during the states December 2021 special session. 2023 Ohio State Tax Tables; 2022 Ohio State Tax Tables; 2021 Ohio State Tax Tables; 159, 2021 Leg., Reg. Important: You can not eFile Forms to the IRS or State from DocuClix. Share sensitive information only on official, secure websites. [9] Changes begin for individuals with a D.C. taxable income between $250,000 and $500,000. As of January 1, 2022, Mississippi has completed the phaseout of its 3 percent individual income tax brackets. In California, Colorado, Kansas, New Jersey, Oregon, and West Virginia, some jurisdictions have payroll taxes, flat-rate wage taxes, or interest and dividend income taxes. Lawmakers effectively undid the ratification through legislation, lowering the base rates to ensure that the combined top rate never exceeded 4.5 percent. The Ohio State Tax Tables below are a snapshot of the tax rates and thresholds in Ohio, they are not an exhaustive list of all tax laws, rates and legislation, for the full list of tax rates, laws and allowances please see the Ohio Department of Revenue website. Ohio Income Tax Brackets and Other Information. For both individuals and corporations, taxable income differs fromand is less thangross income. [13] Contingent legislation then reduced individual income tax rates from 2 percent, 4 percent, and 6 percent to 1.85 percent, 3.5 percent, and 4.25 percent, respectively. individual income taxes similarly for Single and Married filing Effective for taxable years starting on or after 1/1/2022, Ohio Flattening Ohio's income tax would lead to an average tax cut of $11,166 for the wealthiest 1 percent of the state's earners (those earning more than $617,000 a year) while delivering an average tax cut of $0 to the poorest 20 percent, according to our microsimulation tax model. 0000013359 00000 n However, such . 0000011604 00000 n For details on specific deductions available in Ohio, see the list of Ohio income tax deductions. [21] One of the approved provisions in the budget was a reduction of the second-highest individual income tax rate from 6.27 to 5.3 percent, retroactive to January 1, 2021. In addition to these, Ohio taxpayers can also claim a tax credit of $20 for each personal exemption claimed. Senate Bill 1828 would have begun the states conversion from a graduated individual income tax to a flat individual income tax on January 1, 2022. [14] H.B. HB 110 also suspends the inflation adjustment to Ohio's income tax brackets for tax year 2021. 68) with partial vetoes. Note: The brackets listed for 2013 reflect the annual adjustment that was made in July 2013. 0000006483 00000 n - The Finder This online tool can help determine the sales tax rate in effect for any address in Ohio. 2022 Tax Brackets (Taxes Due in April 2023) For the 2022 tax yearand the return you're filing in 2023there are seven federal income tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and. Filing Season Deadline - April 18, 2023 https://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FBills%2F2021S2%2FPublic%2FSB1.pdf. Outlook for the 2023 Ohio income tax rate is to remain unchanged with income tax brackets increasing due to an annual inflation adjustment. States approaches to income taxes vary in other details as well. Tax-Rates.org provides a printable Ohio datasheet including an income tax table, a list of Ohio tax deductions, important URLs and addresses, and more. Your average tax rate is 11.67% and your marginal tax rate is 22%. Because it is still available, these state-defined personal exemptions remain available in some states but are set to $0 in other states. We also provide State Tax Tables for each US State with supporting tax calculators and finance calculators tailored for each state. A new nonrefundable credit is available for individuals who employ eligible employees in a work based learning experience, internship, or cooperative education program and were issued a credit certificate from the Ohio Department of Education. Please reference the Ohio tax forms and instructions booklet published by the Ohio Department of Taxation to determine if you owe state income tax or are due a state income tax refund. Ohio Income Tax Calculator 2022-2023 If you make $70,000 a year living in Ohio you will be taxed $9,455. Use our income tax calculator to estimate how much tax you might pay on your taxable income. The sales and use tax rate for Warren County (83) will decrease from 7.00 % to 6.75 % effective January 1, 2023. A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Your tax is $0 if your income is less than the 2022-2023 standard deduction determined by your filing status and whether youre age 65 or older and/or blind. Inflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. All Rights Reserved. Therefore, policymakers enacted S.B. Tax rates and thresholds are typically reviewed and published annually in the year proceeding the new tax year. Ohio does not have a corporate income tax but does levy a gross receipts tax. 0000001837 00000 n (N.C., 2021). Importantly, two tax brackets were added to the individual income tax code. Of those states taxing wages, nine have single-rate tax structures, with one rate applying to alltaxable income. . Capital gains tax rates are different. 1828s rates are not shown here. Oklahoma implemented numerous changes to the individual income tax in 2022 including an across-the-board rate reduction of 0.25 percent. (m) Rates include the additional mental health services tax at the rate of 1 percent on taxable income in excess of $1 million. An Ohio.gov website belongs to an official government organization in the State of Ohio. Kansas enacted S.B. FILE ONLINE Fill-In IT 40P Tax Year: 2022 Revised on 12/22 2022 Income Tax Payment Voucher - Pay by electronic check via the Online Services or Guest Payment Services (no fees). High-tax states top out around 13%, and that's often on top of property taxes, sales . 68, 2021 Assy., Reg. You may also electronically file your Ohio tax return through a tax preparer or using. - (b) These states allow some or all of federal income tax paid to be deducted from state taxable income. 0000010306 00000 n As of 2010, the Ohio tax commissioner will also begin adjusting the Ohio tax brackets every year to account for inflation - this will result in a small income tax raise yearly. Itemized deductions include those for state and local taxes, charitable contributions, and mortgage interest. startxref Their prominence in public policy considerations is further enhanced in that individuals are actively responsible for filing their income taxes, in contrast to the indirect payment of sales andexcise taxes. (p) Colorado, North Dakota, and South Carolina include the federal standard deduction in their income starting point. Those with taxable income over $500,000 but not over $1 million will pay $42,775 plus 9.75 percent of the excess over $500,000. However, implementation of that law has been suspended pending the outcome of Prop. the list below contains links to current and historical Ohio State Tax Tables, 2022 Ohio State Salary Comparison Calculator. has enacted a new, third PTE tax (S.B. For tax year 2022, Ohio's individual income tax brackets have been modified so that individuals with Ohio taxable nonbusiness income of $26,050 or less are not subject to income tax. You can save time and money by electronically filing your Ohio income tax directly with the . For. Click here for specific instructions regarding opening and using any of our pdf fill-in forms, if you are a "Windows10"user. 0000109575 00000 n Some states double their single filer bracket widths for married filers to avoid imposing a marriage penalty. Some states index tax brackets, exemptions, and deductions for inflation, while many others do not. Sess. (ii) The personal exemption credit is not allowed if federal AGI exceeds $100,000 for single filers or $200,000 for MFJ. (w) Deduction and/or exemption tied to federal tax system. The dependent personal exemption is structured as a tax credit and begins to phase out for taxpayers with income exceeding $200,000 (head of household) or $400,000 (married filing jointly). . Sess. Unlike the Federal Income Tax, Ohio's state income tax does not provide couples filing jointly with expanded income tax brackets. Tax rate of 3.99% on taxable income over $110,650. Payment due dates - the associated dates and the rates on line 6 are for calendar year taxpayers. [12] See Louisiana Secretary of State, Statement of Proposed Constitutional Amendments October 9, 2021, https://www.sos.la.gov/ElectionsAndVoting/PublishedDocuments/ProposedConstitutionalAmendments2021Summaries.pdf. [9] Changes begin for individuals with a D.C. taxable income between $250,000 and $500,000. $2,400.64 + 3.688% of excess over $92,150, $3,254.41+ 3.990% of excess over $115,300, $2,304.31+ 3.688% of excess over $88,450, $3,123.05+ 3.990% of excess over $110,650, $2,416.12 + 3.802% of excess over $88,450, $3,260.16 + 4.413% of excess over $110,650, $8,143.14 + 4.797% of excess over $221,300, $2,374.07 + 3.802% of excess over $86,900, $3,202.91 + 4.413% of excess over $108,700, $7,999.84 + 4.797% of excess over $217,400, $2,473.22 + 3.960% of excess over $86,900, $3,336.50 + 4.597% of excess over $108,700, $2,427.70 + 3.960% of excess over $85,300, $3,273.16 + 4.597% of excess over $106,650, $8,178.16 + 4.997% of excess over $213,350, $2,396.40 + 3.960% of excess over $84,200, $3,231.96 + 4.597% of excess over $105,300, $8,072.60 + 4.997% of excess over $210,600. The Federal Income Tax was established in 1913 with the ratification of the 16th Amendment. Note: The brackets listed for 2016 reflect the annual adjustment that was made in July 2016. The 2023 state personal income tax brackets are updated from the Ohio and Tax Foundation data. [11] Under the new law, which is retroactive to January 1, 2022, the 5.5 percent bracket was eliminated, and the second-lowest rate was reduced from 3.1 percent to 3.0 percent. Residents of Columbus pay a flat city income tax of 2.50% on earned income, in addition to the Ohio income tax and the Federal income tax. The top Ohio tax rate has decreased to 3.99% from a high of 4.997% just a few year ago. (k) Bracket levels adjusted for inflation each year. A lock or https:// means you've safely connected to the .gov website. In 2022, the tax rate for nearly every low- and middle-income earner was reduced as legislators voted to collapse the two lower tax tables into one. (o) Standard deduction and/or personal exemption adjusted annually for inflation, but the 2022 inflation adjustment was not available at time of publication, so table reflects actual 2021 amount(s). Ohio tax forms are sourced from the Ohio income tax forms page, and are updated on a yearly basis. Stat. [10] H.B. [5] Fann v. Arizona, 493 P.3d 246 (Ariz., 2021). Enter your total 401k retirement contributions for 2022. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible. 1, 93rd Gen. Kansas, for example, is one of several states imposing a three-bracket income tax system. This credit phases out at 1.3 cents per dollar of AGI above $15,095 ($30,190 for married couples). There are -1053 days left until Tax Day, on April 16th 2020. The Magnolia State now effectively exempts the first $5,000 of taxable income while assessing a 4 percent tax on the next $5,000 and a 5 percent tax on all taxable income above $5,000. The state will also adopt federal taxable income as the income tax starting point, thereby bringing in the federal standard deduction. The standard deduction phases out to zero at $115,240 for single filers and $134,845 for joint filers. Ohio's maximum marginal income tax rate is the 1st highest in the United States, ranking directly below Ohio's %. Sources: Tax Foundation; state tax statutes, forms, and instructions; Bloomberg BNA. A lock or https:// means you've safely connected to the .gov website. Your selected PDF file will load into the DocuClix PDF-Editor. 0000172350 00000 n Read more. In other states, the top rate kicks in at a much higher level of marginal income. (adsbygoogle = window.adsbygoogle || []).push({}); The Ohio Department of Revenue is responsible for publishing the latest Ohio State Tax Tables each year as part of its duty to efficiently and effectively administer the revenue laws in Ohio. Beginning with tax year 2019, Ohio income tax rates were adjusted so taxpayers making an income of $21,750 or less aren't subject to income tax. Form IT-1040 is the general income tax return for Ohio residents. Itis sometimes referred to as a hidden tax, as it leaves taxpayers less well-off due to higher costs and bracket creep, while increasing the governments spending power. 1828 has been suspended. [19] Paul Williams, Ohio Enacts Budget With $1.6B Tax Cuts, Teleworker Refunds, Law360, July 1, 2021,https://www.law360.com/tax-authority/articles/1399539/ohio-enacts-budget-with-1-6b-tax-cuts-teleworker-refunds-. The 2023 state personal income tax brackets are updated from the Ohio and. Assy., Reg. Estimated tax payments must be sent to the Ohio Department of Revenue on a quarterly basis. 2. 399 will take effect in subsequent years. OHIO IT 4738: ELECTING PASS-THROUGH ENTITY INCOME TAX RETURN October 31, 2022 Any income over $110,650 would be taxes at the rate of 3.990%. Coming in at No. For IRS or Federalback taxes,access the tax forms here. The IRS made significant adjustments to . (La, 2021). For taxpayers with more than $100,000 in AGI, the dependent exemption is $300 per dependent. Nonresidents who work in Columbus also pay a local income tax of 2.50%, the same as the local income tax paid by residents. [2] See Jared Walczak, Inflation Adjusting State Tax Codes: A Primer, Tax Foundation, Oct. 29, 2019,https://www.taxfoundation.org/inflation-adjusting-state-tax-codes/.