What is the maximum credit I can receive on my tax return if I qualify for the Ohio Retirement Income Credit?
If you qualify for the retirement credit, the maximum credit you can receive is $200.
If you qualify for the retirement credit and the amount of qualifying retirement income you received and included in Ohio adjusted gross income is $500 or less, you will receive no credit.
If your qualifying retirement income is more than $500, but not more than $1,500, the credit is $25.
If your qualifying retirement income is more than $1,500, but not more than $3,000, the credit is $50.
If your qualifying retirement income is more than $3,000, but not more than $5,000, the credit is $80.
If your qualifying retirement income is more than $5,000, but not more than $8,000, the credit is $130.
If your qualifying retirement income is more than $8,000, the credit is $200.
If you qualify for the retirement credit and the amount of qualifying retirement income you received and included in Ohio adjusted gross income is $500 or less, you will receive no credit.
If your qualifying retirement income is more than $500, but not more than $1,500, the credit is $25.
If your qualifying retirement income is more than $1,500, but not more than $3,000, the credit is $50.
If your qualifying retirement income is more than $3,000, but not more than $5,000, the credit is $80.
If your qualifying retirement income is more than $5,000, but not more than $8,000, the credit is $130.
If your qualifying retirement income is more than $8,000, the credit is $200.
