Taxes

Politics
8:35 am
Mon February 11, 2013

Budget Gurus Analyze Kasich’s Second Budget Through Agreement and Argument

Gov. John Kasich has long said Ohio needs to be competitive when it comes to taxes – it’s his argument for lowering and eventually eliminating the state income tax. With both tax cuts and tax increases in it, along with the expansion of Medicaid, Kasich’s second budget has generated both praise and controversy.

Neil Clark was the chief financial officer for the Ohio Senate Republican Caucus in the 80s, and is an expert on budgets and taxes. He doesn’t have much love for the plan to levy sales taxes on services where there were no sales taxes before.

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Statewide News
1:15 pm
Thu January 31, 2013

Tax Season Begins

January 30th was the start of tax season for many Americans, and IRS officials reminding tax-payers about credits and deductions to be aware of this season.  For WYSO, Jerry Kenney reports.

Jennifer Jenkins with the IRS says several tax deductions got a two year extension during the latest so-called fiscal cliff deal.  Among those getting a two year extension are the State and local sales tax itemized deduction for Schedule A [Form 1040] filers, and a Teacher-Educator Expense deduction.

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Around the Miami Valley
4:06 pm
Tue January 1, 2013

Riverside Sues To Tax Base's Civilian Employees

The city of Riverside has gone to federal court in its fight to tax civilian employees and contractors who work on part of an air force base.

The  says a provision of Ohio's municipal income tax law that prevents it from collecting taxes from employees at Wright-Patterson Air Force Base is unconstitutional.

The Dayton Daily News reports that Riverside says the law provides an arbitrary and unjustifiable tax exemption to some government employees and contractors.

Ohio argues the state is allowed to pass laws that restrict cities' taxing authority.

The Economy & Business
8:05 am
Wed December 19, 2012

Ohio to Notify Businesses of Tax Overpayments

Ohio's tax department says it will start alerting businesses when they've overpaid taxes and help them reclaim their money.

Previously, if businesses failed to discover the error in paying their commercial activities tax within a certain time frame, they lost the right to reclaim it.

Gov. John Kasich and tax Commissioner Joe Testa announced the policy change Tuesday.

They said the Ohio Department of Taxation will begin notifying about 3,500 taxpayers who may have overpaid by a total of up to $13.7 million.

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Politics
4:04 pm
Mon November 12, 2012

Ohio Legislator Wants Tax Refunds on Debit Cards

An Ohio legislator thinks the state should offer taxpayers the option of getting their Ohio refunds on prepaid debit cards.

State Sen. Eric Kearney says his proposal could save the state money and benefit low-income residents who don't have bank accounts. The Cincinnati Democrat says the option would give them a safe and easy way to get their refunds, avoiding check-cashing fees.

A federal survey found that about 414,000 Ohio households didn't have a checking or savings account last year.

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