Ohio Small Business Investor Tax Deduction
A HUGE new tax deduction is taking Ohio businesses by storm this year and we are ready and excited to assist our clients with this unprecedented state tax provision.
The Small Business Investor Income Deduction allows most business owners to deduct 50% of their business income (up to $125,000) from their Ohio taxable income! Everything from Schedule C and K-1 Income to Rental and Royalty Income is eligible to be deducted under this new provision. Several of our clients have seen their Ohio tax burden reduced by thousands of dollars due to this new tax deduction alone! If you are an Ohio business owner (Sole-proprietorship, S-Corp Owner, Landlord or Farmer) we urge you to give us a call and see if you are eligible to take part in this 2.7 Billion dollar tax deduction.
For more information please call our office:
330/979-0595
More Information can be found at the links below:
What is the Ohio Small Business Investor Tax Deduction?