The Newly Reduced Ohio Withholding Tables
The Ohio Department of Taxation has issued new employer withholding tables to be used for payrolls that end on or after January 1, 2019. The new tables take into consideration the income tax rate reductions that went into effect when House Bill 64 (131st General Assembly) was signed into law on June 30, 2015. The tables reflect a 3.3% reduction in the withholding rates previously in effect since August 1, 2015. The new tables are to be used for the calendar year 2019 and in future years.
The new withholding tables are posted on the Employer Withholding Tax Web page, which can be accessed by clicking here. The tables include the percentage method for calculating withholding as well as daily, weekly, biweekly, semimonthly and monthly tables.
If you have any questions regarding the new withholding tables, please contact Paytime.
Posted on Fri, December 14, 2018
by The Paytime Team