CITY OF OAKWOOD INCOME TAX DEPARTMENT

EMPLOYER'S RETURN OF TAX WITHHELD

CALENDAR YEAR 2025

1. Tax withheld for period checked

2. Late filing penalty $25.00

3. Underpayment penalty 50%

4. Interest 0.833333% per month

5. Total enclosed

Check if courtesy withholding

Account No

Federal ID No.

Employer Name

Address

Address 2

Telephone No.

Taxes withheld for the period checked:

January - March Due 4/30/2025

April - June Due 7/31/2025

July - September Due 10/31/2025

October - December Due 2/02/2026

Month of

Due 15 days after end of month

remit to:

CITY OF OAKWOOD

INCOME TAX DEPARTMENT

P.O. Box 632195

Cincinnati, OH 45263-2195

(937) 298-0531

INSTRUCTIONS:

Employers have a legal duty to withhold and remit city tax to the municipalities in which their employees work. Employees may also have a liability to the municipality in which they reside. Form OW-1 provides for reporting and remitting the tax due to the city of employment and, if applicable, any additional tax due to the employee's city of residence.

Effective January 1, 2016, employers must withhold and remit payroll withholding tax on qualifying wages as defined in Oakwood Municipal Income Tax Ordinance Section 148-1.03(34) or Ohio Revised Code Section 718.01(R), unless specifically exempted under Ordinance Sections 148-1.051 and 148-1.052.

TAX RATE: The City of Oakwood's income tax rate is 2.5%.

WITHHOLDING REMITTANCE FREQUENCY: Monthly remittance is required if your prior calendar year withholding exceeded $2,399.00 or any month of the current year's preceding quarter exceeds $200.00. All others may remit quarterly.

WITHHOLDING REMITTANCE DUE DATE: Due dates are as stated above. Remittances postmarked by the respective due dates will be considered timely filed and paid. If the due date falls on a weekend or federal holiday, the effective due date is the next business day.

LATE FILING PENALTY: The late filing penalty charge is $25.00.

UNDERPAYMENT PENALTY: The underpayment penalty charge for late payment of the tax is 50% of the unpaid tax.

INTEREST: All taxes due to the City remaining unpaid after they become due are subject to interest at an annual rate of 10.0% during calendar year 2025.