Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [ohio]

Use this tag for questions related to rules and experiences specific to the State of Ohio in the United States.

Use this tag for questions related to rules and experiences specific to the State of Ohio in the United States. This will include questions about tax laws of the state.

31 questions
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Is there a reason to exercise a stock option as soon as it vests?

Background: I am currently employed by a start-up that, so far, is doing really well. As part of my contract, I have stock options that will come available on a typical vesting schedule. A quarter of my options are set to vest later this year. Also,…
Kallmanation
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11
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3 answers

Is paying off mortgage public information?

I noticed that after I bought a house, I started getting junk mail with my specific mortgage amount on it pretty quickly, presumably sourced from public information. Will it also be public information if I either Refinance. Will current principal…
Learning2Save
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What is the best approach to save money for College for three kids?

I have three kids ages 4, 3 and 0 and I am concerned about the cost of college education for my daughters. A lot of the "public" schools (not community colleges) cost between $20,000 to $24,000 a year (and some others even more than that). That is a…
Viriato
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5
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1 answer

What P2P lending services are available to Ohio residents to use, as a lender?

I live in Ohio, and Lending Club and Prosper are unavailable for me to utilise as a lender. Are other P2P services available for Ohio residents? Are there alternative but similar lending strategies that someone in Ohio could use?
gunit888
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5
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4 answers

Will the ex-homeowner still owe money after a foreclosure?

I'd like to know whether a person owes any money to a bank if his house was foreclosed. From what I found, it says yes and the borrower owes the difference that the bank sold the property for. If this is true then is there a way to avoid this and…
Grasper
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5
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2 answers

Car lease payment went up after moving to new state

Recently, I moved to Kentucky from Ohio and my monthly auto lease payment with Chase Bank went up by about 8%. How is this possible if the tax difference between each state is only 0.5%? According to Chase Bank's explanation, Ohio charges full sales…
daleyjem
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5
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Residency for Out of State Student Getting Married

I am a graduate student in Michigan but still consider my permanent residence to be in Ohio, as I plan to return there after graduation. I am able to just file income taxes with Ohio, as the two states have a reciprocity agreement. My fiance just…
mich_ohio_residency
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4
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1 answer

I am the sole contributor to my long-term disability insurance. Will I owe income taxes on the amount I receive?

If I pay my own long term insurance, out of my check each week at my work, I read that I do not have to pay taxes on that income, that I would only owe taxes if my work paid for all or part of it is that correct? I just started a long term policy,…
rick caivano
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3
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Handling federal and state tax witholdings as a household employee

A friend has recently started a job as a nanny in Ohio and received their first paycheck. The employer family also provided a spreadsheet that records the gross pay, various withholdings, and net pay. The employer family records withholdings for…
terbubbs
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3
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1 answer

Company Received Unemployment Claim - I Still Work There

Company received unemployment claim in my name (with slight mispelling of my first name) I still work for the company. I have no filed anything. The paperwork has my SSN. What are my next steps and concerns here? Goals are to cancel this claim,…
JohnTest
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2
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1 answer

Foreign grandparents and 529 college saving

I'm an ex-pat living in Ohio with a child that we have set up a 529 college savings account for. My parents from the UK want to contribute to my daughter's future and I'm not sure what the most advantageous (for all concerned) way to handle it would…
Matt Burland
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2
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1 answer

Why don't my state and local wages match on my W-2?

I moved midyear from one state to another. I need to pay local income tax in my new city/state, something I did not need to do before. My W-2 shows my state income broken up between the two states in box 16. These add up to the total income shown…
Learning2Save
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2
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1 answer

Use a 529 plan to escape taxes of investment property sale

So I have been attempting to devise a way to go back to school in a cost effective manner. I enjoy what I do but I really want to continue learning. Unfortunately, like many on here I am cheap money conscious. One of my rentals is at a point where…
DotNetRussell
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2 answers

Can my local municipality charge taxes on rental income I make out of state?

EDIT Sorry for the unclear question - been staring at tax forms all night. I meant to say that I live in a municipality in Ohio that charges local income taxes. It looks like my local municipality in Ohio is charging me income taxes on profits from…
Jacob
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2
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Bought a lemon and the bill of sale has an incorrect price

I paid $2100 for a vehicle but on the bill of sale he put $839.75. I paid with card through cash app so I have proof of what I actually paid. The vehicle got less than a quarter mile down the road and it started smoking and I had to have it towed…
megan bullard
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