Declaration of Estimated Tax
INSTRUCTIONS
Business entities (corporations, s corporations, partnerships, estates, trusts, etc.) conducting activities or producing income within the City of Oakwood may be required to make estimated tax payments when their tax liability is at least $200.00. Taxpayers must have 90% of their current year’s tax liability or 100% of their previous year’s tax liability paid through timely estimated taxes and carryover credits by January 15, 2026 in order to avoid penalty and interest charges.
Due Dates
- Voucher 1, due April 15, 2026
- Voucher 2, due June 15, 2026
- Voucher 3, due September 15, 2026
- Voucher 4, due January 15, 2027
Fiscal year filers should substitute corresponding dates.
Calculation of Estimate
| Estimated Oakwood taxable income | $ |
| Oakwood income tax rate | X 2.5% |
| Estimated Oakwood income tax | $ |
| Less prior year carryover credits | $( ) |
| Estimated Oakwood tax liability | $ |
Each voucher payment should be 25% of the estimated tax liability.
Payment
Checks should be made payable to “City of Oakwood.” To make a credit card or echeck payment, please visit the City’s website at www.oakwoodohio.gov. A convenience fee will apply.