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  1. Employers are not required to withhold Ohio income tax for an employee who lives and works in another state, even if the work is performed for an Ohio company. The employer should consult the laws and rules of the employee’s resident state related to withholding income tax for that state. See R.C. 5747.06.

  2. Due dates and payment schedule (2023) 2022 Withholding resources: Ohio employer and school district withholding tax filing guidelines (2022) School district rates (2022) Due dates and payment schedule (2022) Withholding Tables:Other resources: July 1, 2024 NEW. Nov. 1, 2023 through June 30, 2024. Sept. 1, 2021 through Oct. 31, 2023.

  3. Ohio income tax withholding is required on the amount of income included in wages, as required to be reported in box #1 on the federal W-2, resulting from a disqualifying disposition of stock. However, withholding is not required when an employee, who acquired stock pursuant to her/his exercise of a stock option, holds the shares for the appropriate holding period and then sells the stock.

  4. Because Ohio collects a state income tax, your employer will withhold money from your paycheck for that tax as well. As mentioned above, Ohio state income tax rates range from 0% to 3.75% across four brackets, down from five brackets in previous years. The top tax rate of 3.99% also decreased in 2023, dropping to 3.75%.

  5. • IT 501 Payment of Income Tax Withheld o To report and pay the Ohio income tax withheld for the period. o Employers are not required to file if no Ohio Income tax was withheld or required to be withheld for the period. o The filing of all IT 501s does not complete your filing requirement for the tax year.

  6. To reconcile the Ohio income tax withheld 1. st, 2. nd, and 3. rd. quarters. Filed . only. by employers with a partial-weekly filing frequency. Due on the last day of the month following the end of each calendar quarter. Ohio IT 942 4. th. Quarter/Annual Reconciliation of Income Tax Withheld: To reconcilethe Ohio income tax withheld

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  8. provision to file paper state income tax withholding returns, remit withholding tax payments using Ohio IT 501, mailed to the Ohio Department of Taxation with remittance made payable to the Ohio Treasurer of State. Partial-weekly filers are required to pay withheld taxes by EFT and do not file or send in the Ohio IT 501. Filing Frequency: An ...

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