On Friday, July 31st,
the state of Ohio
released revised tax tables effective 8/1/2015.
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, 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.
The new date after you
install is 8/7/2015.
Below are the new rates:
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