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Ohio taxes most retirement income, offering only two credits: a $50 annual senior citizen credit for residents age 65 and older, or a one-time lump sum distribution credit of up to $200 for those ...
For example, if you deducted $1,500 in state taxes last year, but your state refund this year was $2,000, you only need to report a tax refund of $500 on your federal income tax return.
That state tax refund you just got is a nice little chunk of change; but, before you spend it, ask yourself this: Will I need to pay taxes on it when I file taxes next year? Depending on the method...
The Ohio Department of Taxation provides an online tool on the department's website that allows you to check the status of your income tax refund. You can also call the department's individual ...
Remember, too, that there are different kinds of retirement income, such as from pensions, Social Security, annuities, and retirement account withdrawals -- and the tax hits may be different for ...
The State Teachers Retirement System of Ohio is facing "a hostile takeover of a public pension by private interests," according to a 14-page anonymous memo that surfaced Wednesday.
Opinion: Long-shot investment strategies that mask taxpayer risks are not the path toward improving teacher benefits.
Dean and Patty Dennis worked in Ohio schools for 30 years, paying into a state pension plan. Then the pension stopped giving them cost-of-living increases. What happened when private equity, hedge ...