Individual Tax Return City of Cincinnati 2023 Income Tax Division PO Box 637876 Tax Return is due by Cincinnati OH 45263-7876 Click on the fields below and type in April 15, 2024 Phone: (513) 352-2546 your information. Then print the form E-file available at: and mail it to our office. https://web2.civicacmi.com/Cincinnati Please check all that apply: Account Number: ______________________ SSN: __________________________ First year filer______________ Used Federal Sch C, E, F or K-1 Spouse SSN: __________________________ Athlete or Entertainer________ E-Mail: _______________________________ Amended Return____________ Name (s): ________________________________________________________ Refund (Amount must be entered on Line13 to be a valid refund request) Address: ________________________________________________________ Account Should be Closed City/State/Zip ________________________________________________________ : _________________________ Reason If part-year, resident indicate dates of Cincinnati residency: From_____________To______________ Part A Tax Calculation – Attach 1 stpage of Federal 1040, Schedule 1, W- 2’sand other applicable schedules 1. Total Qualifying Wages See instructions - Use W-2 Box 5 (For multiple W-2’s complete Worksheet A on Page 2) $ 2. Federal Form 2106 Expenses are no longer allowed (SEE IRS PUBLICATION 5307) ……………………….. XXXXXXXXXXXXXXXXXXX 3. ……………………………………………………………………………………………………………………………….. XXXXXXXXXXXXXXXXXXX 4. Less Nontaxable Income (part year or non-residents only) (provide calculations)……………………………………. $ 5. Taxable Qualified Wages (Line 1 minus Line 4)………………………………………………………...………………… $ Other Income or (Loss) from Federal Sch 1, C, E, F, K-1, 1099-MISC, Form W-2G 6. (Complete Worksheet B on page 2 and enclose copies of all Federal Schedules)… $ 7. Cincinnati Taxable Income (Line 5 plus Line 6) Losses on Line 6 do not offset W-2 Income from Line 5 $ 8. Cincinnati Income Tax (Multiply Line 7 by 1.8% (.018) See Instructions $ 9 a. Cincinnati Tax Withheld (per W-2s)……………………………………………………………. $ 9 b. Estimates Paid (including credit from a previous year)…………………………………….... $ 9 c. Other Local Taxes Paid, See Instructions (Enclose W-2s or Other City returns) ……… $ 10. Total Payments and Credits (Lines 9a + 9b + 9c)….………………………………………………………………………… $ 11. Tax Due (Subtract Line 10 from Line 8) (Amounts less than $10.00 are not due) ……………………………………………. $ 12. Overpayment (Line 10 greater than Line 8)…………………………………………………… $ Federal Extension filed If yes, attach copy Amount to be Refunded (Amounts less than $10.00 will not be refunded) 13. Check box for Direct Deposit request Enter Direct Deposit information on Page 2 $ Yes 14. Credit to Next Year………………………………………………………………………………. $ No Part B Declaration of Estimated Tax for 2024 –Mandatory if 2023 liability was $200.00 or more 15. Total Estimated Income Subject to Tax……………………………………………….…………………………………… $ 16. Cincinnati Estimated Income Tax Due (Multiply Line 15 by 1.8% (.018)……….……………………………………... $ 17. Estimated Taxes Withheld from Wages……………………………………………………………………………………. $ 18. Estimated Tax Due after Withholding (Line 16 less Line 17) STOP if this amount is less than $200.00….……….. $ 19. Quarter One Estimated Tax Due Before Credits (25% of Line 18)……………………………………………….……... $ 20. Less Credits (from Line 14 above) or Amounts Already Paid on this Year’s Liability………………………….……… $ 21. Net Estimated Tax Due if Line 19 Minus Line 20 is Greater Than Zero*……………………………………………….. $ 22. TOTAL AMOUNT DUE— Line 11 plus Line 21 $ (Make checks payable to "City of Cincinnati" or pay online at https://web2.civicacmi.com/Cincinnati) *Subsequent estimated payments are due 06/17/24, 09/16/24 and 01/15/25 Failure to remit timely estimated payments will result in the assessment of interest and penalties. The undersigned declares that this return (and accompanying schedules) is a true, correct and complete return for the taxable period stated and that the figures used herein are the same as used for Federal Income Tax purposes. May the City Tax Division Paid Preparer Name PTIN discuss this return with the Signature of Taxpayer or Agent Date preparer shown to the left? Name of Firm or Employer Signature of Spouse Date ( ) YES ( ) NO Address of Firm or Employer Telephone Number Daytime Telephone Number |
WORKSHEET A - SALARIES, WAGES, TIPS, AND OTHER COMPENSATION (To be completed by taxpayers who receive W-2 income from more than one source) **Enclose copies of all W-2s used to compute your local income** Employer City Where Employed Qualifying Wages Cincinnati Tax Withheld Other City Tax Withheld (Box 5 on W-2) (Box 19 on W-2) (Box 19 on W-2) Totals (Enter Total Qualifying Wages on Line 1, Page 1) WORKSHEET B - BUSINESS INCOME or LOSS **Enclose copies of all Federal Forms and Schedules used to compute your local income. ** Column A Column B Column C Schedules Income / (Loss) from Percentage Cinti Taxable Income Federal Schedules from Sch Y (Column A x Column B) 1. Schedule C - Business Income $ $ (A separate allocation schedule is required for each Schedule C). Schedule E - Rental Income 2. (Residents enter profit/loss from all properties. Nonresidents enter only $ $ profit/loss from Cincinnati properties). Schedule K-1 - Partnership Income 3. (Residents enter profit/loss from entities that do not withhold Cincinnati tax on $ $ entire distributive share) 4. Other Income –Fed, Sch. 1 (1040) Line 8, 1099-MISC, $ $ 1099-NEC, W-2G & Schedule F, etc. Allowable Net Operating Loss Deduction (Enter the amount claimed as a deduction in Column C) 5. Also enclose a worksheet (see a form example on website) showing prior year losses for up to 5 years and amounts previously $ ( ) claimed. 6. Total Income (Loss) Combine Lines 1 through 5 and enter this amount on Page 1, Line 6 $ DIRECT DEPOSIT INFORMATION (REFUNDS ONLY) For convenience and accuracy, we recommend that taxpayers have the refund direct deposited to a bank account. Enter banking information below. Requesting a check to be mailed could result in delays receiving your refund. (This information is for the refund only and not for tax due amounts.) Routing # Account # Checking Savings |
2023 CITY OF CINCINNATI INDIVIDUAL INCOME TAX RETURN INSTRUCTIONS Office Phone: (513) 352-2546 Website: www.cincinnati-oh.gov/citytax Mail to: PO Box 637876, Cincinnati OH 45263-7876 This form is to be used by individuals who receive income reported on Federal Forms W-2 or 1099-MISC or Schedules C, E, F or K-1. Individuals who file as Sole Proprietors or Single Member LLCs should also use this form. You are not required to file a Cincinnati Tax Return if your employer fully withholds Cincinnati local tax and this is the sole source of your taxable income. What’s New!!! Returns filed after the due date of the return will be assessed a one-time late filing penalty of $25.00 __________________________________________________________________________________________________ General Information: If you are amending a tax year, place an “X” in the box marked AMENDED and be sure to indicate the year that you are amending in the space provided. Include your amended Federal Return or documentation pertaining to the Internal Revenue Service Audit. Part A - Tax Calculation LINE 1: Enter the amount from Box 5 of the W-2 plus any supplemental unemployment compensation benefits you received from your employer and any amounts not included in Box 5 because your wages are exempt under the Medicare B grandfathering provision. Deduct stock option compensation or disability pay from the Box 5 wages and provide documentation of same. (Note: Unemployment reported on (1099-G) and Retirement income reported on 1099-R is not reportable or taxable). LINE 4: Part year or nonresidents only: Deduct the amount of gross wages included on Part A, Line 1 that were earned outside of Cincinnati during the period when you were not a resident and provide a schedule of your calculations. LINE 6: Complete Worksheet B Business Income or Loss. 1. Schedule C- Business Income: Residents are subject to Cincinnati tax on all business income no matter where earned. Nonresidents of Cincinnati must multiply the net profit or loss from each Schedule C using the apportionment percentage derived on Schedule Y to determine the Cincinnati Taxable Income (Loss). Combine the profits and losses from all businesses reported on Schedule C. 2. Schedule E-Rental Income: Cincinnati residents report all profits or losses from rental property no matter where property is located. Nonresidents of Cincinnati report profits or losses only from properties located within Cincinnati. 3. Schedule K-1 Partnership– Income : Report the distributive share of income or loss reported to you on Schedule K-1. Exclude income reported from S-Corporations because it is not taxable to the individual partners. If you are a Cincinnati resident, you may claim a proportionate credit for taxes paid to other localities. 4. Other Income: Report any personal service compensation and gambling winnings shown on Forms 1099- MISC, 1099-NEC, W-2G, IRS Form 5754, or any other form required by the IRS to report such prizes, awards and income. Unemployment Benefits reported on Form 1099-G and 1099’s reporting interest, dividends & retirement income are NOT taxable. 5. Allowable Net Operating Loss Deduction: Enter amount claimed and include a worksheet. For taxable years beginning in 2023 and after the full amount of the Net Operating Loss allowed by CMC 311-21 (a) without regard to the limitation of CMC 311-21 (h). {See Tax Year 2022 Instructions for details on NOL deduction and limitations for tax years 2018-2022.} 6. Sum Lines B1 to B5. Enter the sum on Page 1, Line 6. |
SCHEDULE Y - BUSINESS APPORTIONMENT FORMULA For nonresidents who earn a portion of their net profits in Cincinnati. a. Located b. Located in c. Percentage Everywhere Cincinnati (b/a) STEP 1. Average Original Cost of Real and Tangible Personal Property Gross Annual Rent Paid Multiplied by 8………………………… TOTAL STEP 1……………………..…………………………….. STEP 2. Wages, Salaries, and Other Compensation Paid……………. STEP 3. Gross Receipts from Sales Made and/or Work or Services Performed…………………………………………………………. STEP 4. Total Percentages. (Add Percentages from Steps 1-3)…………… STEP 5. Apportionment Percentage (Divide Total Percentage by Number of Percentages Used)……………………………… Enter Percentage in Column B of Worksheet B For tax years starting on or after January 1, 2023, alternative methods may be used by businesses employing remote workers as set forth in ORC 718.021 and CMC 311-17. LINE 9a: Enter the amount of Cincinnati Tax withheld by employers. LINE 9b: Enter the amount of estimated tax payments including any amounts paid with an extension. Estimated payments may be subject to the underpayment of estimated tax penalty if not paid timely. The total of the quarterly estimates should equal 100% of the p rior year’s tax or 90% of the current year’s tax LINE 9c: Enter the amount of taxes withheld for or paid to another city. Residents of the City of Cincinnati may claim taxes paid to another city up to 1.8% of the Qualifying Wages reported on each individual W-2. Credit is limited to the local tax rate used (1.8% or less) multiplied by the Qualifying Wages, and is further restricted if the municipality has a wage cap. Part-year residents may claim taxes paid to other cities for the part of the year they were a resident. Nonresidents may not claim taxes paid to another municipality. (Provide documentation in the form of W-2s or tax returns submitted to other municipalities). Partners claiming credit for taxes withheld by a partnership must provide documentation to support this credit. In Part A, indicate if a Federal Extension was filed. Part B - Declaration of Estimated Tax for the Following Year The City of Cincinnati requires that you remit the tax during the year you earn the income to avoid interest and penalty charges. We recommend that you use 100% of your previous year’s income to estimate the current year tax liability to ensure that you meet your estimated tax payment obligation. If the preceding tax year was not for a full 12-month period, make estimated payments based on your current year’s income or on an annualized amount of your previous year’s earnings. If the total estimate due after applicable credits for 2024 is less than $200.00, then no declaration is required to be filed The amount of tax due is the first of four quarterly estimated tax payments. We will not bill you for the remaining quarterly installments. The second payment is due on 06/17/24 and is equal to the total estimated tax on line 18 divided by 4 less any overpayment still available from prior years. The third payment is due 09/16/24 and the final estimated payment is due 01/15/25. Failure to remit timely estimated payments will result in the assessment of interest and penalties. |