Due Dates for Employee Withholding:

  • Monthly withholding returns and payments must be postmarked no later than the 15th of the month following the reporting period
  • Quarterly withholding returns and payments must be postmarked no later than the last day of the month following the reporting period

Withholding Thresholds:

  • Employers must remit monthly if withholding in the previous calendar year exceeded $2,399 or if the amount required to be withheld during any month in the previous calendar quarter exceeded $200
  • Employers may remit quarterly if their withholdings are under the thresholds described for monthly filers
  • The City of Tiffin does not require but will accept withholding on a semi-monthly schedule

Penalty and Interest on Late Returns:

  • Late filing penalty of $25.00/late month per return (up to a maximum of $150.00)
  • One time late payment penalty of 50% of the unpaid tax per late return
  • Interest on the unpaid balance calculated at the July federal short term rate (rounded to the nearest percent) plus 5%.

Withholding guidelines for employers with transient workers and for those employers qualified as “small business employers”:

  • Details available in section 718.011 of Ohio Revised Code

Annual reconciliation of tax withheld:

  • All employers who withheld tax during a calendar year are required to file an Annual Reconciliation of Tax Withhold with the tax department including copies of all W-2s by the last day of February of each year