2022 Tipp City Individual Income Tax Return Instructions 
Please include the following documents with your Tipp City income tax return: 
        The first page of your Federal return (1040) and Federal Schedule 1 
        Federal Schedules C (business), E (rent/partnership) and F (farm) if applicable 
        W-2 forms, 1099-MISC (if not reported on a Schedule C) and W-2G forms (gambling) 

   Please note that the income and credits reported on your Tipp City return should be supported by some form of 
   documentation. Unsupported amounts may delay the processing of your return. 

Section A  

2022 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 the W-2s to your return. 

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.” 

Net Operating Loss (NOL) Information – Tipp City taxpayers who have income from sources other than wages, may deduct a loss 
carry-forward from tax years 2017, 2018, 2019, 2020 and 2021 and use it to offset other taxable income (not W-2 wages) 
reported on their 2022 Tipp City return. The amount of loss that can be used is currently limited to 50% of the loss or 50% of 
the income, whichever is less. You may reference Ohio Revised Code Section 718.01 (D) (3) for additional information or you 
may call the tax department at 937-667-8426 for assistance in determining your allowable NOL deduction. 

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 all the W-2s to your return. Make sure that the attached 
W-2 shows the city tax withheld for which you are claiming a credit.   

Line 5b:  Enter the allowable amount (limited to 1.5% per wage) of income tax withheld or paid to another municipality. Tipp 
City residents may claim a non-refundable credit for city income taxes paid to the work city. The amount of credit shall not 
exceed the tax that would be due to Tipp City on the same income. Attach supporting documentation in the form of W-2s or tax 
returns submitted to the other municipalities. 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 to your return. 

Line 5c:  Enter the amount of estimated tax payments and/or prior-year credits. You can view your total payments and credits 
at https://www.municonnect.com/tippcity/login.aspx or you may call the tax department at 937-667-8426 to obtain your total. 

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 can be subject to underpayment penalty and interest whenever an insufficient amount of estimated income 
taxes are not paid on or before the 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 on underpaid 
taxes filed in year 2023 will be assessed at .58% per month. 

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 2023 is .58% 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 thday of the following month and so on. 

Line 9d:  If filed after the due date without a valid extension, a late filing penalty may be imposed at the rate of $25 per month 
not to exceed $150. This penalty is due in addition to all other penalty and interest and is imposed even if no tax is due.  

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  

2023 Declaration of Estimated Tax  

Note:  Taxpayers who  anticipate  owing  $200  or  more  in  Tipp  City  income  tax  in  2023  should  complete  the  declaration  of 
estimated tax. 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). Underpayment penalties will not be assessed under these circumstances: 1. 
The taxpayer was not a resident of Tipp City at the beginning of the tax year.  2. The taxpayer pays in 100% of the prior year’s 
tax liability on or before January 15 thof the following year.  3. The taxpayer pays in 90% of the current year’s tax liability on or 
before January 15 thof the following year. Estimated payments for individuals are due 4/15, 6/15, 9/15 and 1/15 of the following 
year. The tax department does send quarterly statements two to three weeks prior to these due dates. 

Line 12: Enter the amount of estimated income for tax year 2023 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 2022. 

Line 17: Enter the net estimated tax due for the first quarter of 2023 (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 on 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 a joint return, your spouse must also sign. 

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

Mail completed returns with attachments to: 

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

Questions can be directed to the tax department anytime Monday through Friday between the hours of 9:00 a.m. and 5:00 p.m. 
using the contact information below: 

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