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Posted on: July 19, 2019

Understanding Quarterly Individual Estimated Tax Payments: A Q&A

Why do I have to pay an estimated tax payment?
The quarterly payment due dates are mandated by the Ohio Legislature. Your municipal income tax forms state that estimated quarterly tax payments are due, unless your employer is withholding City of Lebanon taxes from your paycheck.  The annual tax filing process also requires the taxpayer to estimate their income for the current calendar year, and we use your tax declaration to determine if quarterly payments are owed and the amount of those quarterly payments. 

Are you getting payments for my tax liability in advance?
There is a common misunderstanding that paying municipal quarterly estimated taxes means that you are paying taxes in advance.  In fact, that is not the case.  Quarterly payments are typically due as the quarter concludes, not in advance.  For instance, the estimated payment for the first quarter of 2019, which was due on April 15, is payment for the quarter ending March 31, 2019. The only exception is June and September payments, which are due on the 15th of those months, which is just before the end of each quarter. 

Will I get a refund for overpayments?
There is a $10.00 threshold for refunds and for balances due, as mandated by the State of Ohio.  This means, if you owe $10.00 or less when you file your annual Lebanon tax return, then you do not have to pay that amount. If you overpay by $10.00 or less, the City does not refund or credit that amount.  You can request a refund in excess of $10.00 when filing your annual Lebanon income tax return. 

Where can I get help?
Tax Department staff are available to prepare and file your Lebanon income tax return for you at no charge during normal business hours.  If you have questions or concerns, contact City Auditor Dan Burke at 513-228-3163 or by email: dburke@lebanonohio.gov.

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