Schedule of Credits: 2024 Ohio Schedule of Credits (2024)
Ohio · Ohio Department of Taxation · Used for tax years 2024
The 2024 Ohio Schedule of Credits calculates nonrefundable, residency, and refundable tax credits for Ohio IT 1040. It reports credit amounts and totals to enter on your return.
What you'll need
The documents to include depend on the credits you claim:
- Retirement income credit, line 2: Include 1099-R forms.
- Lump sum retirement and lump sum distribution credits, lines 3 and 5: Include a copy of the worksheet and 1099-R forms.
- Child care & dependent care credit, line 6: Include a copy of the worksheet.
- Displaced worker training credit, line 7: Include a copy of the worksheet and all required documentation.
- Home school expenses, scholarship donation, and nonchartered, nonpublic school tuition credits, lines 14–16: Include copies of all required documentation. The form refers you to the instructions for details.
- Credits on lines 17, 19–24, 26–34, 40–41, and 43–45: Include a copy of the credit certificate for each credit claimed.
- Nonresident credit, line 37: Include a copy of Ohio IT NRC.
- Resident credit, line 38: Include a copy of Ohio IT RC.
- Pass-through entity credit, line 42: Include a copy of all Ohio IT K-1s.
You will also need the amount from Ohio IT 1040, line 8c, to complete line 1.
Common mistakes
- Using the wrong ink or including cents: The form says to use only black ink and whole dollars.
- Leaving out supporting documents: Many credits require worksheets, credit certificates, or other documentation. Include the items requested for the credits you claim.
- Claiming the senior citizen credit before age 65: The form says you must be 65 or older to claim it.
- Entering a negative amount on line 11 or line 36: Enter zero if the subtraction gives a negative result.
- Exceeding the joint filing credit limit: Line 12 limits this credit to $650.
- Writing in the department-use area: Leave that area blank.
Questions people ask
Where do I get the starting tax amount?
Enter the tax liability before credits from Ohio IT 1040, line 8c, on Schedule of Credits line 1.
How old must I be to claim the senior citizen credit?
You must be 65 or older to claim the credit on line 4.
What is the maximum joint filing credit shown on the form?
Line 12 limits the joint filing credit to $650. The form refers you to the instructions for the percentage table.
Where do I report my total nonrefundable credits?
Add lines 10, 35, 37, and 38. Enter the total on Schedule of Credits line 39 and Ohio IT 1040, line 9.
Where do I report my total refundable credits?
Add lines 40 through 45. Enter the total on Schedule of Credits line 46 and Ohio IT 1040, line 16.