Jan S Posted February 18, 2008 Report Share Posted February 18, 2008 A long time client of mine retired from Ford (in Michigan) and moved to Ohio on 9/1/07 with his wife. I have read the Ohio instructions and I show that he will owe $806 on his retirement income. Can you tell me if this is correct? His only Ohio income is $18,682 in Ford pension. Here are the Ohio figures. Federal AGI = $167,252 (the client emptied his 401k of $101,000 in addition to his wages). The Michigan portion is $148,750. Personal exemption=$2,900 Line 6 Tax=$7,907 Retirement credit=$200 Line 8 tax=$7,707 Exemption credit=$40 Line 10=$7,667 Line 11=$383 Line 12=$7,284 Line 13=$6,478 148,750/167252 x 7,284 Line 14=$806 Michigan doesn't tax pensions. I guess that Ohio does. When I redid his Ohio return showing only the $18,682 of pension money, he only owes $12. Am I missing something? Thanks for your help. Jan Quote Link to comment Share on other sites More sharing options...
AnnieR Posted February 18, 2008 Report Share Posted February 18, 2008 I got a totally different answer, but between flipping from the return to this, I'm not sure it's right, but the way to do it is to use OH form 2023 pg 2 and it will carry everything to where it should go. I got that he owes $285. Hope I'm right. I used $18,682 and on 2023, subtracted out $6227 as OH income. Only 4 months of the Ford pension is OH income, so that is all of it that would be taxable. AnnieR Quote Link to comment Share on other sites More sharing options...
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