Tax Ordinance for Tax Year 2015 and Prior Years Important Information for Tax Filers and Preparers How does this work? Visit here for more information. The interest rate that will apply for the calendar year 2023 is 7%.Ī table of interest rates that applies to previous years is below. The rate applies for the calendar year next, following the July of the year in which the federal short-term rate is determined under Section 1274 of the Internal Revenue Code. The interest rate to be applied each calendar year is calculated by adding five percentage points to the federal short-term rate (rounded to the nearest whole number percent) in accordance with Ohio Revised Code Section 718.27. If you need tax forms or more information, contact the central Ohio branch of RITA at 866.721.7482 or visit here. Estimated quarterly payments are required for individuals who have not had Powell taxes withheld from their income. The city of Powell income tax is collected by the Regional Income Tax Agency (RITA). To confirm residency, please call the City offices at 614.885.5380, ext. Note: Not all Powell, Ohio, addresses are within the City of Powell. The City of Powell provides 100% credit up to 2.0% for taxes withheld or paid to the workplace municipality for individuals. The City of Powell has a two percent (2.0%) municipal income tax that is imposed on anyone who earns income in the City of Powell and on Powell residents who earn income elsewhere.
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