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TAX UPDATES
TOPIC LIST
- Office Hours
- How to contact us
- Filing Dates
- Holidays Observed
- Akron - JEDD Tax Rates
- Taxable wages & Qualifying wages
- Akron Tax Rate
OFFICE HOURS
Our office hours are 8:00 a.m. to 4:30 p.m. - Monday thru Friday
We are located on the northwest corner of Main and Bowery in downtown Akron in the PNC Center building at 1 Cascade Plaza - 11th Floor. see AKRON MAP
HOW TO CONTACT US
AUDIT & GENERAL INFORMATION ------------------------- (330) 375-2290
RECEPTIONIST ------------------------------------------------------ (330) 375-2527
ELECTRONIC FILINGS -------------------------------------------- (330) 375-2497
JOINT ECONOMIC DEVELOPMENT DISTRICTS -------- (330) 375-2539
COMPLIANCE SECTION ------------------------------------------ (330) 375-2539
FILING DATES
Individual and Business Tax Returns (calendar filers) are due on April 15th
Quarterly Estimated payments are due as follows:
- 1st Quarter (January 1 thru March 31) - April 30th
- 2nd Quarter (April 1 thru June 30) - July 31st
- 3rd Quarter (July 1 thru September 30) - October 31st
- 4th Quarter (October 1 thru December 31) - January 31st
You can file and pay online in a quick, easy and secure way. Go to Online Est. Payments to begin.
If you wish to file a paper form, click here for forms and more information concerning Estimated Payments.
HOLIDAYS OBSERVED
JAN - New Year's Day , Martin Luther King, Jr Day
FEB - President's Day
MAY - Memorial Day
JUL - Independence Day
SEP - Labor Day
OCT - Columbus Day
NOV - Veterans Day, Thanksgiving & Friday after
DEC - Christmas
TAXABLE WAGES & QUALIFYING WAGES
Ohio businesses are required to withhold taxable income of employees to municipalities, based on the following formula that will calculate "qualifying wages." The wage reported in Box 5 of the W-2 must be adjusted as follows:
(1) Reduce the Medicare wage figure if any Section 125 cafeteria plan amounts have been inadvertently included in the Medicare wage.
[NOTE: If correctly reported, the W-2 will already have Section 125 plan amounts removed from the Medicare wage.]
(2) Add amounts that are not included in the Medicare wage because they have been exempted by something other than what is defined in Section 3121(a) of the Internal Revenue Code.
(3) Add ordinary income that is not included in the Medicare wage arising from the sale, exchange, other disposition or exercise of a stock option, or of a stock purchased under a stock option plan.
(4) Add employee deferrals to 401(k) or 457 plans if they are not included in the Medicare wage
(5) Add supplemental unemployment compensation benefits (SUB pay) that are not included in the Medicare wage. [Ohio Revised Code 718.03(A)]
AKRON TAX RATE
The City of Akron income tax rate is 2.25%. For withholding purposes, the tax rate applies to all payrolls. This rate also applies to estimated tax payments made for individuals and for business net profits.
AKRON-JEDD TAX RATE
As provided for in Section 12 of the Joint Economic Development District Contracts of Copley, Coventry and Springfield townships and Section 9 of the JEDD contract of Bath township, the JEDD income tax rate is 2.25%. For withholding purposes, the tax rate applies to all payrolls. This rate also applies to estimated tax payments made for business net profits.
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