L&HOhioeasy
A 55-year-old OH resident takes a non-qualified annuity withdrawal of taxable gain. What additional Ohio surtax applies on top of the 10% federal early-withdrawal penalty?
AA 2.5% OH annuity surtax
No additional Ohio surtax applies
CA 5% OH early-withdrawal surtax
DAn 8% Ohio premature annuity distribution penalty matching the federal surtax
Why this is the answer
Ohio does not stack a state-level early-withdrawal surtax on top of the federal IRC 72(q)/(t) 10% penalty for premature distributions from an annuity. Only the federal penalty and ordinary income tax on the gain apply at the OH level.
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