Taxable Income
The following list is not all-inclusive and should be used as a guide:

• Wages, salaries and other compensation
• Bonuses, stipends and tip income
• Commissions, fees and other earned income
• Board of Director income
• Employer provided supplemental unemployment benefits (sub pay)
• Stock options (taxed when exercised)
• Severance pay
• Sick pay (excluding 3rd party sick pay)
• Disability pay if received as a benefit of employment
• Vacation pay
• Employee contributions to retirement plans and tax deferred annuity plans (including Sec. 401k, Sec. 403b, Sec. 457b, etc.)
• Any amount attributable to a non-qualified deferred compensation plan included in qualified wages
• Self-employment income (Schedule C)
• Net farm income (Schedule F)
• Income from pass-through entities, estates or trusts (Schedule E Part II and Part III)
• Net rental income (Schedule E)
• Lottery/gambling winnings
• Oil and gas rights income
• Royalties from a tangible income source
• Ordinary gains as reported on Federal Form 4797, Part II
• Employer paid premiums for group term life insurance over $50,000
• Compensation paid in goods or services or property usage. Taxed at fair market value
• Prizes and gifts if connected with employment to the same extent as taxable for Federal income tax purposes
• Strike pay
• Profit sharing

Non-Taxable Income

• Interest
• Dividends
• Capital gains
• Social Security
• Pension distributions
• Covid-19 Stimulus Payments
• Income earned by someone under 18 years of age
• Disability income, except when issued on a W2 (a benefit of employer)
• Cancellation of debt, 1099-C
• SERP’s (supplemental executive retirement plan)
• Income from Boards of Elections up to $1,000.00
• Workers compensation
• Third-party sick pay
• Public assistance
• State unemployment compensation
• Military pay or allowance of members of the Armed Forces of the United States and members of their reserve components, including the National Guard
• Alimony received
• Royalties from intangible income sources
• Contributions made to Section 125 cafeteria plans
• HSA accounts
• Annuity distributions
• Retirement plan distributions
• IRA distributions
• Insurance proceeds
• Executor fees
• Housing Allowance for clergy
• Health and welfare benefits distributed by charitable, religious or educational organizations 
• An S Corporation shareholder's distributive share of net profits of the S Corporation

Effective with tax year 2016 and beyond:

Estimated Tax Payments are required by Individuals and Businesses if you will owe over $200 in a year.  If you are not fully withheld by your employer, and liability will be over this threshold, you must make estimated payments according to ORC Chapter 718, HB 5, Municipal Income Tax Uniformity. Quarterly payments are due as follows:

Individual Taxpayers- April 15^th, June 15^th, Sept. 15^th, Jan.15^th

Business Taxpayers- April 15^th, June 15^th, Sept. 15^th, Dec. 15^th

Failure to have at least 90% of your Archbold tax liability paid via withholding credits and/or estimated payments will result in a penalty of 15% of the amount not timely paid.  This penalty applies to each quarter that was not timely paid.  You may also avoid this penalty by having 100% of your previous year’s tax liability paid via withholding credits and/or estimated payments by the April 15th due date or federal revised due date.

We accept the federal extension, Form 4868 for individuals or Form 7004 for businesses. This extension extends the municipal due date to the extended federal return due date. You may e-mail, fax, or mail the extension request to our office.

If the extension is not sent to the Archbold Tax Dept by April 15^th, a copy of your federal extension must be attached to your filed return to avoid late filing penalties. (See Tax Return-Interest & Penalties)

• Calendar Year End Due Date – April 15th or the Federal due date
• Fiscal Year End Due Date – 15th day of fourth month following fiscal year end

• Interest – Based on the Federal Reserve rate and may change annually in accordance with Ohio Revised Code 718:  
  • 2024 - 11% per annum (.83% per month) 
  • 2023 - 7% per annum (.58% per month)
  • 2022 – 5% per annum (.42% per month)
  • 2021 – 5% per annum (.42% per month)
  • 2020 –7% per annum  (.58% per month)
  • 2019 – 7%  per annum (.58% per month)
  • 2018 – 6%  per annum (.50% per month)
  • 2017 – 6%  per annum (.50% per month)
  • 2016 – 5%  per annum (.42% per month)
• Late Payment Penalty – 15% of the amount past due
• Late Filing Penalty – $25.00 per month or fraction thereof with a maximum of $150.00

Filing of returns and payments are due as follows:

• Quarterly Due Dates: April 30, July 31, October 31 and January 31
• Monthly Due Dates: by the 15th of the following month

Threshold requiring monthly remittance:

Prior year annual total withholding for the municipality exceeded $2,399.00
Any month of prior quarter withholding for the municipality exceeded $200.00

We encourage any business to submit withholding thru Ohio Business Gateway for less paperwork and ease of processing!

• Interest – Based on the Federal Reserve rate and may change annually in accordance with Ohio Revised Code 718: 
  • 2024 - 11% per annum (.83% per month) 
  • 2023 - 7% per annum (.58% per month)
  • 2022 – 5% per annum (.42% per month)
  • 2021 – 5% per annum (.42% per month)
  • 2020 – 7% per annum  (.58% per month)
  • 2019 – 7%  per annum (.58% per month)
  • 2018 – 6%  per annum (.50% per month)
  • 2017 – 6%  per annum (.50% per month)
  • 2016 – 5%  per annum (.42% per month)
• Late Payment Penalty – Not to exceed 50% of the amount past due
• Late Filing Penalty – $25.00 per month or fraction thereof with a maximum of $150.00

ORDINANCE 2022-05 TAX INCREASE TO 1.80% EFFECTIVE JAN. 1, 2023
ORDINANCE 2019-49 IMPLEMENTING MANDATORY FILING & LANDLORD REPORTING

State Mandated Changes to Ohio Municipal Taxes Effective in 2016 & 2018

The 132nd Ohio General Assembly amended Municipal Income Tax Codes in House Bill 49 effective January 1, 2018. CHAPTER 33 INCOME TAX CODE click here.

The 130th Ohio General Assembly passed Substitute House Bill 5 which changed the laws governing municipal income taxes. The changes are effective for tax year 2016. CHAPTER 33 INCOME TAX CODE click here.

• January, February and March:  April 30
• April, May and June:  July 31
• July, August and September:  October 31
• October, November and December:  January 31

• Calendar Year End Due Date – April 15
• Fiscal Year End Due Date – 4 months following fiscal year end