Instructions For Filing: Personal & School District Income Tax - Department Of Taxation State Of Ohio - 2014 Page 32
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602014 Ohio Forms IT 1040EZ / IT 1040 / Instructions
Ohio form LS WKS, which is available on
Schedule C –
Tax," which is on our Web site at tax.ohio.
our Web site at tax.ohio.gov.
gov.
Full-Year Ohio Resident Credit
Note 1: Retirement buy-out amounts,
Schedule D – Nonresident/
Line 60 – Income Subjected to Tax by
attrition buy-out amounts and other similar
Part-Year Resident Credit
amounts reported on federal form W-2 do
Other States
not qualify for this credit.
Line 65 – Income Not Earned or
If you were a full-year Ohio resident during
Note 2: Distributions from university
Received in Ohio
2014 and you had income subjected to tax
retirement plans and from government-
by other states or the District of Columbia,
sponsored deferred compensation plans
Enter the portion of Ohio adjusted gross
you may qualify for the Ohio resident tax
do not qualify for this credit because these
income from line 3 that was not earned or
credit. The credit is the lesser of lines 62
plans are not described in Internal Revenue
or 63.
received in Ohio. You must complete and
Code section 401(a).
include Ohio form IT 2023 (which is available
This line amount is the portion of your Ohio
on our Web site at tax.ohio.gov) to calculate
Line 57 – Displaced Worker Training
adjusted gross income subjected to a tax
this credit unless your only income from
Credit
on income in other states or the District
Ohio sources were wages reported on your
of Columbia while you were a resident of
W-2(s) and you and/or your family members
Ohio law provides a $500 maximum credit
Ohio, less related deductions allowed in
do not directly or indirectly own the business
per taxpayer for amounts you pay for quali-
computing federal adjusted gross income
that paid you those wages.
fi ed displaced worker training during the
and increased or decreased by related
12-month period after you lose your job.
Do not include on this line pass-through
adjustments on Schedule A of Ohio form
Qualifi ed displaced worker training is job
entity distributive shares of income allocated
IT 1040.
training or education that improves your
or apportioned to Ohio.
ability to perform a new job after you have
Limitation: Do not include
Note: Retirement buy-out amounts,
lost your previous job. Displaced worker
income for which you have
!
directly or indirectly deducted,
attrition buy-out amounts and other
training includes apprenticeships, intern-
or were entitled to deduct in
similar amounts reported on your W-2(s)
ships and educational classes. Complete
CAUTION
should not be included on this line to the
the worksheet on page 31.
computing federal adjusted
extent that such amounts are based upon
gross income. See our information release
It does not include amounts paid for com-
IT 2006-02 entitled "Inapplicability of Ohio
employment or previous employment
puter purchases or upgrades, professional
Resident Credit with Kentucky Corporate
within Ohio. Do not include on this line
organizational fees, meals, mileage, trans-
any severance pay, termination pay, fi nal
Income Tax," which is on our Web site at
portation or outplacement fi rms that help
pay or "golden parachute" amounts if you
tax.ohio.gov.
you to develop skills used to fi nd a new
(i) earned in Ohio any portion of such
job – for example, career planning, profi le
Do not include wages, salaries, tips or
amounts and/or (ii) were employed in Ohio
analysis, skills assessment, resume writing,
commissions earned by full-year Ohio
by the payor or the payor's affi liate prior
residents in Indiana, Kentucky, West
marketing action plan, etc., that are paid
to or at the time of your receipt of such
Virginia, Michigan or Pennsylvania and
in one's endeavor to fi nd a new job. These
amounts.
training classes are not to improve the skills
certain income earned by military non-
Line 67 – Determining the Factor
that one would use in performing the func-
residents that is shown on line 38. This
income is not taxed and does not qualify
tions or tasks associated with a new job.
The factor must be four digits to the right of
for the credit.
Line 58 – Ohio Political Contributions
the decimal. Do not round to the nearest
Line 62 – Determining the Factor
Credit
ten-thousandth. Example: Enter .435762
as .4357.
The factor must be four digits to the right of
You can claim a credit against your tax for
Schedule E – Nonrefundable
the decimal. Do not round to the nearest
monetary contributions you made during the
ten-thousandth. Example: Enter .435762
Business Credits
year to the campaign committee of candi-
as .4357.
dates for any of the following Ohio offi ces:
Governor
Business owners may be entitled to claim
Line 63 – Other States' Income Tax
Lieutenant governor
on Ohio Schedule E one or more nonrefund-
Secretary of state
able business credits. These credits include
Enter the amount of 2014 income tax, less
Auditor of state
the following:
all related nonrefundable credits other than
Treasurer of state
Credit for contributions to candidates for
withholding, estimated tax payments and
Attorney general
Ohio statewide offi ce or General Assem-
carryforwards from previous years, paid
Chief justice of the Ohio Supreme Court
bly
to other states or the District of Columbia.
Justice of the Ohio Supreme Court
Job retention credit, nonrefundable por-
In general, this amount will be the amount
Ohio Board of Education
tion
shown on the line of the other state's income
Ohio Senate
Credit for selling alternative fuel
tax return that is equivalent to line 17 of Ohio
Ohio House of Representatives
Credit for eligible new employees in an
form IT 1040.
enterprise zone
The amount of the credit is the lesser of the
Note: See our information release IT 2006-
Credit for certifi ed ethanol plant invest-
combined total cash contributions you made
02 entitled "Inapplicability of Ohio Resident
ments
during the year or $50 ($100 for married fi l-
Credit with Kentucky Corporate Income
ing joint returns).
- 32 -
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