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Income tax changes: Work-from-home could have big impact on city budgets - Vimarsana News

Income tax changes: Work-from-home could have big impact on city budgets

Income tax changes: Work-from-home could have big impact on city budgets Copyright Adobe and last updated 2021-07-11 21:36:55-04 Shifts toward more people working from home long-term could mean large income tax losses for many Ohio cities while other cities could reap more, according to local leaders and experts. The state legislature recently wrote into the two-year budget that Ohioans working from home in 2021 onward will pay income taxes based on their home office location, not the address of their employer’s empty office building. Many Ohio cities depend on income taxes to pay for a ...

Source: wcpo.com
Local Leaders Fight Proposed Change To 2020 Ohio Municipal Tax Rule - Vimarsana News

Local Leaders Fight Proposed Change To 2020 Ohio Municipal Tax Rule

Natee Meepian, Shutterstock.com As state lawmakers are working on a final budget agreement to send to the governor by the end of the month, one provision of the bill is a change to the way employees who worked from home were taxed last year. Listen / In 2020, workers still paid income taxes to the cities where their companies were located even if the employees were working from home in other communities.   The taxes are typically collected by companies that are located within the jurisdiction of that city by withholding money on paychecks. The policy changed approved by state l...

Source: wvxu.org
Ohio Senate proposal would allow former commuters to seek refunds for municipal income tax paid during 2020 and 2021 - Vimarsana News

Ohio Senate proposal would allow former commuters to seek refunds for municipal income tax paid during 2020 and 2021

CLEVELAND, Ohio – The Ohio Senate Finance Committee has inserted language into a proposed budget bill that would allow workers to seek refunds for income taxes paid to cities where they did not live or perform their jobs during 2020 and 2021. The bill’s language differs from House Bill 157, passed by the House last month, that would allow for refunds for 2021 but would essentially leave it up ...

Source: msn.com
Ohio Senate proposal would allow taxpayers to seek refunds for municipal income tax paid during 2020 and 2021 - Vimarsana News

Ohio Senate proposal would allow taxpayers to seek refunds for municipal income tax paid during 2020 and 2021

Ohio Senate proposal would allow former commuters to seek refunds for municipal income tax paid during 2020 and 2021 © Laura Hancock/Laura Hancock, cleveland.com Ohio Statehouse CLEVELAND, Ohio – The Ohio Senate Finance Committee has inserted language into a proposed budget bill that would allow workers to seek refunds for income taxes paid to cities where they did not live or perform their jobs during 2020 and 2021. Popular Searches The bill’s language differs from House Bill 157, passed by the House last month, that would allow for refunds for 2021 but would essentially leave it up ...

Source: msn.com
Ohio House passes municipal tax withholding bill that would not prevent workers from seeking refunds for 2021 - Vimarsana News

Ohio House passes municipal tax withholding bill that would not prevent workers from seeking refunds for 2021

CLEVELAND, Ohio – The Ohio House of Representatives voted 63 to 31 Wednesday to approve legislation that clarifies where workers will pay municipal income taxes in the future and could have broad implications for the financial health of cities across the state. House Bill 157 was prompted by changes in work habits brought on by the pandemic. In early March of 2020, Gov. Mike DeWine ordered ...

Source: msn.com