On Friday, March 27th the Ohio Tax Commissioner exercised his authority to extend the Ohio tax filing and payment deadline to July 15, following the recent extension of the federal tax deadline.
Ohio will be following the federal government and IRS in extending the deadline to file and pay the state income tax. The new deadline is July 15, an extension of approximately three months from the original deadline of April 15.
This extension is also granted to individuals, estates, trusts and certain businesses making quarterly estimated income tax payments. The first and second quarterly payments, normally scheduled for April 15 and June 15 for most taxpayers, have both been extended to July 15.
It should be noted that in Ohio each city has the ability to extend their returns following the actions of the Tax Commissioner. The City of Akron has extended its tax filing deadlines to match the July 15th extension. If you are concerned about your city or state tax filings for Ohio please contact your HBK Advisor so that we can assist you with this.
The Department of Taxation is expected to release detailed guidance later in the week. The Tax Commissioner could use his authority to other taxes such as sales tax, school district income tax and municipal net profits tax. We also expect more cities and municipalities to follow in this extension over the next few days.