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Our carefully crafted blogs offer valuable insights and guidance on taxes, accounting, finance, and beyond. Stay informed with expert advice designed to help you navigate the financial world with confidence.
State Representatives John Becker and David Leland are sponsoring a bi-partisan bill to eliminate the 'marriage penalty' in Ohio.
Married Ohioans have to figure out every year what filing status they are going to use — married filing separately or married filing jointly. Often the best option for the couple on their federal return is not the same as it would be on their state return. Because Ohio forces couples to file with the same status on both state and federal returns, they could be hit with what some call a marriage penalty for filing jointly. Filing jointly on their federal return could net them a break on taxes, but here in Ohio it pushes them into a tax bracket that forces them to pay more than if they filed separate returns.
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