The Ohio Department of Taxation has issued new employer withholding tables to be used for payrolls that end on or after August 1, 2015.
The new tables take into consideration the income tax rate reductions that went into effect when The Budget Bill was signed into law on June 30, 2015. The tables reflect a 3.1% reduction in the withholding rates previously in effect for 2014; the new tables are to be used for the remainder of calendar year 2015 and in future years.
The new withholding tables are posted on the Employer Withholding Tax Web page. 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 us at (419) 472-7377 or e-mail your question to us.