2023 Tipp City Individual Income Tax Return Instructions 
 
Section A  

2023 Tax Calculations 

Line 1:  Enter total amount of qualifying wages (usually found in box 5 of your W-2, if box 5 is blank, use the 
highest wage found on the W-2). If you have multiple W-2s, you can use worksheet A on page 2 of the return 
to generate totals. Attach originals or copies of all your W-2 forms to the return. W-2s will need to show the 
tax amounts withheld and paid to another city. Credit claimed for taxes withheld and paid to the other city will 
be denied without proper verification. 

Note: Part-year residents can calculate their Tipp City taxable income using either a 365-day, 52-week or 12-
month proration. We also accept a paystub that reports year-to-date income totals on or about the time of 
the move. Please show how you arrived at your Tipp City taxable income and if you used a paystub, please 
attach a copy. 

Line 2:  Enter total other income (or loss) from worksheet B on page 2 of the return. Attach all appropriate 
Federal schedules and documentation. Losses reported on line 2 may not be used to offset W-2 income 
reported on line 1, but may be carried forward and used to reduce future taxable “other income.” 

Note: Net Operating Loss (NOL) Deduction – Beginning with the 2023 return, a taxpayer may deduct enough 
NOL to bring their Tipp City taxable “other income” to zero. Losses from the past five years (2018, 2019, 2020, 
2021 and 2022) can be claimed on the 2023 Tipp City return. Any unused net operating loss from tax years 2019, 
2020, 2021 and 2022 will carry forward to tax year 2024, but any unused 2018 net operating loss will expire.  

Line 3:  Add the amounts reported on lines 1 and 2 (only add line 2 if it is positive). This is your total taxable 
income.  

Line 4:  Multiply the amount reported on line 3 by 1.5%. This is the total tax due before credits. 

Line 5a: Enter the total amount of Tipp City tax withheld from your W-2s. If you have multiple W-2s, you can 
use worksheet A on page 2 of the return to generate totals. Attach originals or copies of the W-2s that show the 
Tipp City taxes withheld to your return.   

Line 5b:  Enter the allowable (limited to 1.5% of each wage) amount of income tax withheld or paid to another 
municipality. Tipp City residents may claim a non-refundable credit for municipal income taxes paid to the work 
city. The amount of credit allowed shall not exceed the tax that would be due to Tipp City on the same income. 
If you have multiple W-2s, you can use worksheet A on page 2 of the return to generate totals. Attach originals 
or copies of all the W-2s and or other city returns to verify the credit claimed. 

Line 5c:  Enter the amount of 2023 estimated tax payments and/or prior-year credits. If you are unsure how 
much you have paid in or how much your 2022 carry forward was, you may contact the tax department using 
the contact information found at the end of these instructions. 

Line 6:  Add the amounts reported on lines 5a, 5b and 5c. This is your total credit. 

Line 7:  Subtract line 6 from the amount reported on line 4. A positive result indicates the amount of tax due. 
No tax is due if this amount is $10.00 or less. If the result is negative, enter a zero on line 7 and proceed to line 
8. 

Line 8:   If line 6 is greater than line 4, you have an overpayment. If the overpayment amount is $10.00 or less, 
no refund or credit will be issued. For amounts greater than $10.00, please indicate the amount to be refunded 
and/or credited to the next year’s taxes directly below line 8.   

Line 9a: A taxpayer may be subject to underpayment penalty and interest if an insufficient amount of estimated 
income  taxes  were  not  paid  to  the  tax  department  by  January  15,  2024  (due  date  of  the  last  quarterly 
installment). Estimated tax payments are required whenever the amount of taxes due is expected to be $200 
or more. The penalty is 15% of the amount underpaid and interest is charged at the rate of .83% per month and 
begins on January 16 thup to the day the return is filed and paid. If unsure of underpayment penalty calculations, 
leave blank and the tax department will notify you of penalties, if applicable. 

Note: There are three instances (safe harbors) where these penalties would not apply. 1. Taxpayer was not a 
resident of Tipp City at the beginning of the tax year. 2. The amount of estimated taxes that were paid equals 
at least 90% of the tax liability for the current taxable year and 3. The amount of estimated taxes that are paid 
equals at least 100% of the tax liability shown on the return of the taxpayer for the preceding taxable year. 

Line 9b: If filed after the due date, enter the amount of penalty due. The penalty is 15% of the amount due on 
line 7. 

Line 9c: If filed after the due date, enter the amount of interest due. The interest rate for late returns filed in 
2024 is .83% per month.  When calculating the interest charge, one month past due runs from the 16 thday (the 
day after the due date) to the 15  daythof the following month. Fractions of a month will be counted as an 
additional month late. 

Line 9d:  With the passing of House Bill (HB)33 on July 3, 2023, the amount that a municipality can charge for a 
late filing fee has changed. Beginning with tax year 2023, the late filing fee that municipalities may charge a 
taxpayer for a late filed return is reduced to a maximum of $25, down from the previous maximum of $150. HB 
33 also requires that a municipality waive the late filing fee the first time a taxpayer files a late return. The 
penalties and interest for late payment remain in place and unchanged. R.C. 718.27(C)(3), 718.89(A)(1) 

Line 10: Add the amounts reported on lines 9a, 9b, 9c and 9d. This is your total penalty, interest and late filing 
fee. 

Line 11: Add the amounts reported on lines 7 and 10. This is the balance of tax, penalty, interest and late filing 
fees due.  No payment is due if this balance is $10 or less.   

Section B  

2024 Declaration of Estimated Tax  

Taxpayers who anticipate owing $200 or more in Tipp City income tax in tax year 2024 should complete the 
2024 declaration of estimated tax. 

Note: A taxpayer can be subject to underpayment penalty and interest if estimated taxes are not paid as outlined 
in Section 718.08 of the Ohio Revised Code (ORC). Estimated payments for individuals are due 4/15, 6/15, 9/15 
and 1/15 of the following year. The tax department does send 2nd, 3 rdand 4  quarterthestimated tax statements 
(1 stquarter due with prior year return) and taxpayers should expect to receive their statement two to three 

weeks prior to the due date. 

Line 12: Enter the amount of estimated income for tax year 2024 and multiply by 1.5%. 

Line 13: Enter the total amount of Tipp City and other city tax withheld or paid.   

Line 14: Line 12 less line 13. If the result is less than $200, estimated payments are not required. 

Line 15: Multiply line 14 by 25% to determine the amount of estimated tax due for the first quarter. 

Line 16: Enter the amount of credit carryforward from 2023. 

Line 17: Enter the net estimated tax due for the first quarter of 2024 (line 15 minus line 16).  Payment is not 
required at this time if the amount due is less than $10.00. 

Total due with this return: Add line 11 and line 17. Make checks payable to Tipp City Tax. Online payments can 
be made on our website via electronic check, credit card or debit card. A convenience fee will be added to all 
online payments.  To pay online visit www.tippcityohio.gov, click on City Services, Make a Tax Payment and then 
scroll down to the payment portal link. You will need your assigned Tipp City account number. This is the five-
digit number followed by either a -R, -N or -B. 

Sign and date your return. Your Tipp City return is not considered a complete return unless you sign it and 
attach all applicable W-2 forms and federal tax documents. If you are filing jointly, both of you should sign the 
return. 

Mail completed return and attachments to: 

 Tipp City Tax Department 
 260 S. Garber Dr. 
 Tipp City, OH 45371 

 Attachments to include with return, if applicable: 

 1.     Page one of your 2023 Federal income tax return (if filed) - If you have income reported on line 8 of 
        your 2023 Federal return (Additional income from Schedule 1, line10), you should also include a copy 
        of your 2023 Federal Schedule 1. 
         
 2.     W-2 Forms (if applicable) – Include original or copies of all W-2 forms reported on your return. These 
        W-2’s will need to show the local income taxes withheld for the cities in which you have claimed a 
        credit. The withholding information for local taxes withheld usually appears in boxes 18, 19 and 20 
        of the W-2 form. 
  
 3.     Other Forms to include (if applicable) - Federal Schedules C (business), E (rent/partnership) and F 
        (farm), 1099-MISC (if not reported on a Schedule C), W-2G forms (gambling) and copies of other 
        city municipal income tax returns if claiming a credit for taxes paid to that city. 
  
 4.     Payment – if payment is due, make check payable to Tipp City Tax. Amounts $10 or less need not be 
        paid. 

Disclaimer:  Directions  are  instructional  only.  The  Tipp  City  Income  Tax  Code  and  the  Ohio  Revised  Code 
supersede any interpretation presented. 

Questions can be directed to the tax department anytime Monday through Thursday between the hours of 7:00 
a.m. and 6:00 p.m. using the contact information below: 

        Phone: (937) 667-8426 
        Fax: (937) 667-6734 
        Email: incometax@tippcity.net