Ohio Small Business Deduction
The Ohio Small Business Deduction just got a whole lot better
Great news for Ohio business owners yet again! For tax year 2020 and beyond! Business owners in Ohio will be able to deduct up to $250,000 of their business income from their Ohio Taxes! This includes Sole Proprietorship Income, S-Corp Income (including S-Corp Owner's W2 Income!), Rental Income and Farming Income!
Make sure you discuss this deduction with your CPA this tax year. We have been assisting Ohio businesses with this powerful deduction for the several years and would welcome the opportunity to assist you with your taxes or even review your prior year taxes to ensure maximum tax savings. Give us a call and set up your appointment today!