WHAT NEEDS TO BE INCLUDED WITH MY RETURN?

All W2’s, all Forms 1099, the first two pages of your Federal Form (1040), and any applicable federal schedules (C, E, etc.). If something is missing, the Income Tax Department will send out a letter requesting the information to complete the return. THE RETURN WILL NOT BE CONSIDERED FILED UNTIL THE MISSING INFORMATION IS RECEIVED.

Greenwich Income Tax Rate is 1% with NO CREDITS.

Due Date April 15

Federal 1040 must be attached to your return

Must have signature

Penalties may be imposed on a Municipal Income Tax Return not filed timely.

In addition to the penalties, the Ohio Revised Code sec 718.99 also provides criminal penalties for failure to comply with the income tax ordinance of up to one thousand dollars or up to six months imprisonment for each offense.

Refund or tax due of less than $10.00 is not payable

ANNUAL INTEREST RATES

The interest rates shall be applied to all unpaid income and withholding tax balances. These rates are being published in accordance with Ohio Revised Code 718.27(F) which states that “By the thirty-first day of October of each year the municipal corporation shall publish the rate described in division (A) of this section applicable to the next succeeding calendar year.”

The interest rate is calculated by adding five percentage points to the federal short-term rate (rounded to the nearest whole number %) that was in effect during July of the current year, in accordance with Ohio Revised Code Section 718.25(A)(5), and is applicable to tax years beginning on or after January 1, 2016.

Based on these requirements, the applicable interest rate is as follows:

CALENDAR YEAR	MONTHLY INTEREST RATE	YEARLY INTEREST RATE
2026	0.75%	9%
2025	0.83%	10%
2024	0.83%	10%
2023	0.58%	7%
2022	0.42%	5%
2021	0.42%	5%
2020	0.58%	7%
2019	0.58%	7%
2018	0.50%	6%
2017	0.50%	6%

PENALTY & INTEREST

Penalty and interest is charged on all late and unpaid income and withholding tax, late or non-filing of an income tax return, landlord tenant roster, and employer annual reconciliation. All penalty and interest is mandated by the State of Ohio. Penalty is applied as stated in the table.

PENALTY	CALENDAR YEAR	AMOUNT ASSESSED
Late File	2023 and after	One-time $25
Late File	2016 through 2022	$25 per month, not to exceed $150
Late Pay	2016 and after	One-time 15%
Late Withholding	2016 and after	One-time 50%