Ohio Tax Department Publishes 2022 Individual Income Tax Brackets, Rates, Calculation

The Ohio Department of Taxation Nov. 1 published the 2022 individual income tax brackets and rates. The tax brackets were adjusted per H.B. 110. Taxpayers with $26,050 or less of non-business income aren’t subject to income tax for the current year. However, taxable business income is taxed at a flat rate of 3 percent since 2016. The publication also provides the tax calculation for taxable income: 1) between $26,051 and $46,100; 2) between $46,100 and $92,150; 3) between $92,150 and $115,300; and 4) more than $115,300. [Ohio Dep’t of Tax’n, Annual Tax Rates, 11/01/22]

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