The Ohio Dept. of Taxation is reminding taxpayers that Ohio will have a sales tax holiday beginning Friday, Aug. 6, 2021, through Sunday, Aug. 8, 2021. During this period, the following items are exempt from sales and use tax: clothing priced at $75 per item or less; school supplies priced at $20 per item or less; and school instructional material priced at $20 per item or less. Items used in a trade or business aren’t exempt during the sales tax holiday. For more information: https://bit.ly/3iOG4OX
President Biden’s proposed budget includes notable tax provisions
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions that would affect the tax bills of both...
