Latest From the Blog
Remember Those Social Security Statements You Receive Each Year Around Your Birthday? | Tax Tip of the Week | No. 104
Starting with those who had birthdays in July 2011, the SSA is going to discontinue mailing these annual projected benefit statements. It is expected to save $30 million, this fiscal year, and $60 million, next fiscal year, by ending the mailings.
The Ohio Estate Tax is Coming to an End! | Tax Tip of the Week | No. 103
The recently enacted 2012-2013 budget that Gov. Kasich signed into law includes a provision that eliminates the Ohio estate tax. Before this repeal, Ohio taxed anyone who died with assets above $338,333 at a tax rate of up to 7%. This was the lowest exemption amount of any state in the United States.