Ohio Tax Commissioner Jeff McClain confirmed that Ohio will follow the lead of the federal government. Ohio is extending the deadline to file and pay state income tax to July 15th, which is an extension of three months from the original deadline of April 15th.
As with the IRS extension, Ohio will waive penalty on tax-due payments made during the extension. Additionally, there will be no interest charges on payments made during the extension.
The filing extension, and waiver of penalty and interest, will be available to those filing the Ohio individual income tax, the school district income tax, the pass-through entity tax, and to those taxpayers that have opted in to have the commissioner administer the municipal net profit tax through the state’s centralized filing system. This extension will allow municipalities to extend their filing deadlines as well.
Individuals, estates, trusts and certain businesses making quarterly estimated income tax payments, have also been granted additional time to file and pay without penalty or interest. The first and second quarterly payments, normally scheduled for April 15 and June 15 for most taxpayers, have both been extended to July 15.
The Department of Taxation will be issuing more detailed guidelines in the next few days.
Please contact your HW&Co. tax professional with any questions.