In: Accounting
Indicate whether the following is an addition or deduction on the Ohio State Tax Return Schedule A:
Social Security Benefits:
Small Business Deduction:
Ohio 529 Contributions:
State or municiple income tax refunds:
Unreimbursed long term care premiums:
Social Security Benefits: | Deduction | Deductable to the extent that they are included in federal adjusted gross income. |
Small Business Deduction: | Deduction | The business income can be deductible to an extent 100% of business income up to $250,000 from the adjusted gross income they report on their Ohio personal income tax return. |
Ohio 529 Contributions: | Deduction | Deduction of purchases of tuition units and contributions to the Ohio Tuition Trust Authority's College Advantage 529 Savings Plan, up to $2,000 per beneficiary per year if these amounts do not qualify as a deduction on page 1 of Federal 1040. |
State or municiple income tax refunds: | Deduction | If you filed a federal 1040 tax return, entitled to a deduction on Ohio tax return for state or municipal income tax refunds |
Unreimbursed long term care premiums: | Deduction | long-term care premiums are deductible in their entirety |