Question
John M. and Nancy A. Smith reside at 123 Main Street in Newark Ohio. John is 68 years old and Nancy is 66 years old.
John M. and Nancy A. Smith reside at 123 Main Street in Newark Ohio. John is 68 years old and Nancy is 66 years old. They have been residents of Ohio for the entire year. John & Nancy filed a federal tax return with a Federal AGI of $92,500, all W2 income, in 2020 with a Married Filing Jointly status. Not included on their federal tax return were the following items: Interest on City of Newark Ohio General Obligation Bonds was $515 Interest on City of Naperville Illinois Revenue Bonds $440 Taxes withheld: State of Ohio Income Tax $2,595 City of Newark Ohio Income Tax $1,803 School District 4507, tax rate is 1%, Tax $842
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