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
Please notify the Income Tax Department as soon as possible if you no longer require a withholding account with the City so the account may be inactivated.
Penalty and Interest on Late Returns:
Withholding returns for tax years prior to January 1, 2024, late filing penalty of $25.00/late month per return (up to a maximum of $150.00)
Withholding returns for tax years on or after January 1, 2024, late filing penalty of $25.00 per late filed return
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%. See interest rates on Income Tax Department home page.
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
