Modified Adjusted Gross Income
Modified adjusted gross income is your Ohio adjusted gross income (Ohio IT 1040, line 3) plus your business income deduction (Ohio Schedule of Adjustments, line 11). If you did not take a business income deduction, your modified adjusted gross income matches your Ohio adjusted gross income.
You will need to know your modified adjusted gross income to determine your personal exemption amount and if you qualify for any of the following credits:
● Retirement income credit;
● Lump sum retirement credit;
● Senior citizen credit;
● Lump sum distribution credit;
● Child care and dependent care credit;
● Exemption credit; AND
● Joint filing credit.
Additionally, if you live in an earned income tax base school district, your taxable income is limited to only income included in your modified adjusted gross income.
Use the worksheet on page 31 to calculate your modified adjusted gross income.
See R.C. 5747.01(II)