Four Ohio municipalities will see local income tax hikes. Unofficial results from the May 4 municipal income tax elections indicate that: 1) the Cridersville Village income tax rate will increase from 1% to 1.5%, effective July 1; 2) the Midvale Village income tax rate will climb from 1% to 1.5%, effective Jan. 1; 3) the Powell City income tax rate will rise from 0.75% to 2%; and 4) the Brewster Village income tax rate will increase from 2% to 2.5%. Effective dates for the Powell City and Brewster Village increases were unavailable.
Forms W-2 and 1099-NEC are due to be filed soon
With the 2023 filing season deadline drawing near, be aware that the deadline for businesses to file information returns for hired workers is even closer. By January 31, 2023, employers must file these forms: Form W-2, Wage and Tax Statement. W-2 forms show...
