| From Date | Thru Date | Tax Rate | Credit Factor (Tax Credit) |
Credit Rate (Credit Limit) |
|---|---|---|---|---|
| 01/01/2020 | current | 1.000% | 0.000% | 0.000% |
* History displayed for the past 7 years.
Owensville
Clermont County
Recent Tax and Credit History
Special Notes and Tax Documents
2106 BUSINESS EXPENSES
The unreimbursed employee expense (2106) deduction is eliminated for federal income tax purposes for most employees.
AGE EXEMPTION
Beginning with Tax Year 2024, Individuals under 18 years of age are exempt from paying municipal income tax. For Tax Years 2016-2023, Individuals under 18 years of age are NOT exempt from paying municipal income tax.
NET OPERATING LOSS
Beginning with losses incurred in 2017 and thereafter, a net operating loss may be carried forward for 5 years. For taxable years beginning in 2018, 2019, 2020, 2021 and 2022, losses are subject to a 50% phase-in limitation. The amount of net operating loss carry forward that may be utilized in tax years 2018 through 2022 is limited to the lesser of 50% of the carried forward loss or 50% of that year’s income. For taxable years beginning in 2023 and thereafter, a net operating loss is no longer limited to a 50% phase-in limitation and the full loss may be used.
S-CORPS
S-Corp distributive shares that do not represent wages are generally not taxable and should not be reported on Form 37 Schedule J.