Ohio Ohio Resident Credit Calculation
Extracted from PDF file 2023-ohio-form-it-rc.pdf, last modified August 2023Ohio Resident Credit Calculation
2023 IT RC Ohio Resident Credit Calculation Use black ink only. Use whole dollars only. Primary taxpayer’s SSN 23380102 This form is for individuals who were subjected to individual income tax by another state or the District of Columbia while a resident of Ohio. Full-year nonresidents are not entitled to this credit and should not use this form. Include a copy when filing your Ohio IT 1040. List any income taxed and any taxes paid to each state and/or the District of Columbia. Do not include income earned or received in states without an income tax. Only income included in your Ohio adjusted gross income is eligible for this credit. Important: Do not list any income in Column A if you do not have tax paid in Column B. Do not list a tax paid in Column B if you do not have income taxed in Column A. (A) Income Taxed (B) Tax Paid (A) Income Taxed (B) Tax Paid (A) Income Taxed AL KS NH AR KY NJ AZ LA NM CA MA NY CO MD OK CT ME OR DC MI PA DE MN RI GA MO SC HI MS UT IA MT VA ID NC VT IL ND WI IN NE WV (B) Tax Paid 1. Sum of all Column A amounts.....................................................................................................1. 2. Sum of all Column B amounts.....................................................................................................2. 3. Ohio adjusted gross income (from Ohio IT 1040, line 3).............................................................3. 4. Divide line 1 by line 3. Carry to four digits without rounding. If greater than 1, enter 1...............4. 5. Ohio Schedule of Credits, line 35 minus Ohio Schedule of Credits, line 36. If negative, enter zero....................................................................................................................................5. . 6. Multiply line 4 by line 5................................................................................................................6. 7. Ohio Resident Credit. Enter the lesser of line 2 or line 6. Enter here and on the Ohio Schedule of Credits, line 37........................................................................................................7. 2023 IT RC – page 1 of 1
Form IT RC
More about the Ohio Form IT RC Individual Income Tax Tax Credit TY 2023
This form is for individuals who were subjected to individual income tax by another state or the District of Columbia while a resident of Ohio. Include a copy of this form when filing your Ohio IT 1040.
We last updated the Ohio Resident Credit Calculation in January 2024, so this is the latest version of Form IT RC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT RC directly from TaxFormFinder. You can print other Ohio tax forms here.
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TaxFormFinder has an additional 82 Ohio income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Ohio Form IT RC.
Form Code | Form Name |
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Form IT RCTE | Ohio Trust/Estate Resident Credit Calculation |
View all 83 Ohio Income Tax Forms
Form Sources:
Ohio usually releases forms for the current tax year between January and April. We last updated Ohio Form IT RC from the Department of Taxation in January 2024.
Form IT RC is an Ohio Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Ohio Form IT RC
We have a total of three past-year versions of Form IT RC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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