A couple of weeks ago we looked at a summary of Ohio’s tax law changes for 2013 (TTW# 214). This week we will take a closer look at the tax deductions available to individuals with “Ohio small business investor income”.

There were a lot of last minute changes made in the tax code regarding how you can deduct capital assets you purchased. Rather than depreciating business property over several years, these optional methods allow you to expense certain property in the year placed in service.