Income tax

Cincinnati Edition - 513-419-7100
6:30 am
Fri December 5, 2014

We've got some year-end tax advice to help you prepare now for April 15

As the song says, “"It’'s the most wonderful time of the year,"” but amid the hustle and bustle of the holidays, it's worthwhile to remember this is also a great time of year to take stock of your investments, and see what options you have before January 1 to reduce the taxes you'’ll owe come April 15. Here to explore year-end tax strategies that could allow you to keep more of your money are David Foster, senior vice president at Foster and Motley, and local financial advisor Chris DeSimio. If you have questions about what you can do to reduce your taxes, please let us know.

Cincinnati Edition
6:30 am
Wed March 5, 2014

Income Tax Rules and Regulations

It's that taxing time of year.

  If the winter weather isn’t enough to worry about, remember the April 15 tax filing deadline is now just six weeks away. Instructions for Form 1040 run 206 pages, the 1040EZ instruction booklet is 42 pages long. If you’ve already completed your return, congratulations, but if not, there are several changes to watch for this year.

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On the Money
1:30 am
Fri April 5, 2013

Tax strategies for individual and businesses

Larry Baker, senior partner at Grant Thornton in Cincinnati, is On the Money with Chris DeSimio to discuss tax strategies for individuals and businesses for the 2012 -2013 tax season.

Local News
2:13 pm
Wed January 30, 2013

Report: Kentucky's tax system unbalanced

A new report by the Institute on Taxation and Economic Policy shows a big gap between Kentucky’s income levels on who pays taxes.

The report says Kentucky’s top 1 percent income bracket pays roughly 5 percent of the state’s income tax, while the bottom 20 percent pays 9 percent.

Middle income levels are saddled with a higher percent, according to the report.

Jason Bailey, director of the Kentucky Center for Economic Policy, says the numbers show tax reform needs to happen quickly in Kentucky to better balance the burdens.

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Cincinnati budget
4:00 am
Mon December 10, 2012

Cincinnati Council could end tax reciprocity

Tana Weingartner

Cincinnati residents who work outside the city limits could soon lose their income tax reciprocity.  

City Council could vote this week to approve the Manager's recommendation the credit be eliminated next year.  

Ohio local income tax is assessed primarily to the municipality where it's earned and secondarily to where an individual lives.

 Cincinnati has always allowed residents who work outside the city to reduce their city income tax by the amount they pay to other municipalities.  

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