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Ohio Form it 4708 Composite Income Tax Return for Certain Investors in

Ohio Form it 4708 Composite Income Tax Return for Certain Investors in

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all right for this video i wanted to talk about the state of ohio's earned income tax credit so the earned income tax credit or eic uh very popular at the federal level right so this is a credit where if you have earned income and it's within certain ranges and you have qualifying children you can generally qualify for an earned income tax credit and then there are thresholds where if you don't have any children you can still qualify for the eic so long as your income is below a certain threshold now what's important to note here is that the federal credit is very popular but many states have a similar credit ohio is one such state so the state of ohio allows you to take a state earned income tax credit which is a percentage of the federal credit so in ohio it's 30 percent so if you want to take this ohio state credit the first step is to certainly calculate your federal earned income tax credit so in this example here we have john q taxpayer sin

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