Get OH Individual Income Tax Return - City Of Troy 2015

Report local wages in box 18 and local income tax withheld in box 19. What are local wages? Local wages are all wages subject to tax within the locality.

Office of the City Auditor Any taxpayer engaged in business must file an annual return, even if a loss is claimed on the business. Individual taxpayers seeking a refund for taxes withheld should complete Form IR-25.

A penalty may be imposed on a municipal income tax return, other than an estimated income tax return, not filed timely, of twenty-five dollars ($25.00) each month or any fraction, during which the return remains unfiled regardless of the liability. The penalty shall not exceed $150.00 for each return not timely filed.

Income Tax - 1.75% for City of Troy and 1.5% for school district) This tax is essentially an "earnings tax" and is levied on salaries, wages, commissions, and other compensation, and on net profits.

All businesses, with the exception of sole proprietorships, file their city taxes using Form BR-25.

Ohio local income taxes Depending on where you live in Ohio, you may have to pay municipal income taxes. Your municipality determines your local income tax rate. These rates may range from 0.5% to 3%, with Ohio's three largest municipalities — Cincinnati, Cleveland and Columbus — charging more than 2%.

Municipal Operations & Tax Rates In order to provide funds for the purposes of general municipal operation, maintenance of equipment, extension, enlargement, improvement of municipal services and facilities, and capital improvements, the City of Troy, Ohio imposes a municipal income tax.

Every Ohio resident and every part-year resident is subject to the Ohio income tax. Every nonresident having Ohio-sourced income must also file.