RITA reminder for payments
BRECKSVILLE — The Regional Income Tax Agency (RITA) is reminding taxpayers that the due date for the next estimated municipal income tax payment is Sept. 15. This deadline applies to individuals and businesses in Ohio who are required to make quarterly payments toward their municipal income tax obligations.
Estimated tax payments are due as taxpayers earn taxable income in an Ohio city or village. Rather than paying one large sum when filing an annual return, individuals and businesses make four payments throughout the year. These payments help ensure a consistent flow of revenue to support critical municipal services such as public safety and road maintenance.
Beginning with tax year 2016, Ohio law requires taxpayers to make estimated municipal income tax payments if they will owe $200 or more (after subtracting any withholding or credits) to an Ohio municipality.
“Estimated payments help taxpayers avoid underpayment penalties and interest, while also assisting local governments and communities in maintaining essential operations year-round,” said Amy Arrighi, RITA’s executive director. “Making timely estimated payments ensures compliance with Ohio municipal income tax laws and helps avoid surprises at tax filing time.”
If a taxpayer’s municipality partners with RITA as its tax administrator, estimated payments can be made online at ritaohio.com using its MyAccount or FastPay tools.