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Ron is an Ohio resident and is required to file an Ohio income tax return. In addition to his other income, Ron received $365 in
Ron is an Ohio resident and is required to file an Ohio income tax return. In addition to his other income, Ron received $365 in U.S. Savings Bond interest (Series EE) in 2022. How is the interest handled on the Ohio return?\ \ Ron will:\ Claim a subtraction from federal adjusted gross income of $365.\ Report an addition of $365 to federal adjusted gross income.\ Apply a reduced Ohio tax rate to the U.S. Bond income.\ Claim a state tax credit of $37 as a result of this income.
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