New Ohio City Due Dates for 2016

Jan 07, 2016

The Ohio municipal tax legislation is effective January 1, 2016. It requires updating local income tax ordinances to comply with the new Ohio Revised Code 718 . This will result in a number of provisions becoming uniform across the state. Most of the changes become effective with the 2016 tax year for tax returns filed in 2017. However, there are some changes that will take effect now. One of these changes is the city estimated tax due dates. Previously, the due dates for the city estimated payments had been set by each municipality. As of January 1, 2016 they are all the same, which might make it a little less confusing when paying estimates to more than one city. The due dates for all quarterly city estimated tax payments will be April 15, June 15, September 15, and December 15.

You are required to make quarterly payments of estimated tax if the estimated tax payable will exceed $200 for the year. To make sure you are safe from penalties you will want to pay 90 percent of the current year tax liability or 100 percent of the prior year tax liability. You will not have to worry about paying estimated taxes to a city if you did not live in that city on January 1st of the taxable year.

Another change that will take effect January 1, 2016 are the due dates for the city withholding tax payments. If you are paying quarterly, the due dates are April 15, July 15, October 15, and January 15. If you are making monthly payments, they will be due 15 days after month end. You will have to file monthly if your prior year annual total withholding for the city exceeds $2,399.00 or if any month of prior quarter withholding for the city exceeds $200.00. The reconciliations for the withholdings are due the last day of February and must include the W-2 information for each of the employees working in the city, and local data naming other cities for which tax was withheld.

If you are used to paying your city estimated tax payments on different dates make sure you update your records to ensure you are filing on a timely basis.

By: Brittany Jennings, Staff Accountant

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