Earned Income Tax Credit (EITC)
Rate (Non-Refundable): 10% of the federal credit, limited to 50% of liability for Ohio taxable income above $20,000
Eligibility Requirements: All Ohio taxpayers who qualify for the federal credit are automatically eligible.
Latest Legislative Action:
- In 2017, the legislature is considering a bill that would make the state’s EITC refundable.
Child Tax Credit (CTC)
Ohio does not currently offer a state-level CTC.
Child and Dependent Care Tax Credit (CDCTC)
- For families with an adjusted gross income below $20,000: 100% of federal credit
- For families with an adjusted gross income of $20,000-$40,000: 25% of federal credit
- Maximum amount of claimable expenses is $3,000 for one qualifying dependent and $6,000 for two or more.
Eligibility: All Ohio taxpayers who qualify for the federal credit are automatically eligible.
Ohio Tax Credits In The News