The Ohio Department of Taxation (DOT) has issued new wage-
bracket, percentage, and optional method withholding tables to be used for wages paid on and after July 1, 2014. The new tables reflect recently approved legislation that changed the personal income tax rates, among other things (see CCH Payroll Management Guide Report Letter 2360, dated June 24, 2014). The tables reflect a 1% reduction in the withholding rates. The tables are to be used for the remainder of the 2014 calendar year and for all of 2015.
The new tables are available at http://www.tax.ohio.gov/employer_withholding/employer_withholding_tables_070114.aspx. The percentage method and optional tables are reproduced in this Report Letter on pages 28–30. All of the tables are reproduced in this Report at ¶7648, ¶7649, and ¶7650. (Ohio Department of Taxation Information Release, June 23, 2014.)
For more information on this and other topics, consult the Visit our News Library.