Loveland, Ohio – The City of Loveland income tax is a 1% earnings tax on persons who live or work in the City. A credit is given to residents who pay taxes to other municipalities. According to City Hall, “residents who work in areas imposing less than a 1% earnings tax must pay the difference to Loveland.” All residents must file a return by April 15 even if no tax is owed.
Info Provided by City Hall
Not sure if you live in Loveland? View the street listing Street Listing (PDF) to view all streets that are in Loveland.
Filing Your Local Income Tax Returns
The City of Loveland uses the Regional Income Tax Agency (RITA) to collect local income taxes. Residents and businesses can file their local income tax returns with RITA using the following methods:
- RITA eFile: Click “My Account” to securely file your return through RITA’s website.
- Individual Paper Forms: Click to download and print the appropriate return form and mail to RITA at the address listed on the form.
- Business Paper Forms: Click to download and print the appropriate return form and mail to RITA at the address listed on the form.
Interest Rate
Ohio House Bill 5 (ORC 718.27) requires municipalities to publish the interest rate for tax underpayments by October 31st, for the next calendar year. The Regional Income Tax Agency has addressed this requirement on the City of Loveland’s behalf by posting this information to the RITA website. Based on the calculations required by House Bill 5, the annual interest rate will be as follows:
- 2016: 5%
- 2017: 6%
- 2018: 6%
- 2019: 7%
- 2020: 7%
- 2021: 5%
- 2022: 5%
- 2023: 7%
- 2024: 10%
Estimated Taxes
For tax years 2015 and prior, the Loveland Income Tax Code (Chapter 183, Section .07) requires individual taxpayers having estimated taxes due in excess of $100.00 to pay on a quarterly billing schedule. Noncompliance results in a penalty equal to 10% of the tax remaining due over $100.00 after the estimated payment deadline of January 31. To avoid assessment of such a penalty, the code provides “safe harbor” options:
- Owe less than $100 when you file the annual return, and all required payments were made timely.
- Pay at least 100% of your previous year’s tax liability.
- Pay at least 90% of the current year’s tax liability through the same means as #2.
- The taxpayer is an individual who resides in the city but was not domiciled there on the first day of January.
Starting Tax Year 2016, quarterly payments of estimated tax are required if the total tax liability is $200 or more. The new due dates for estimated payments are April 15, June 15, September 15, and January 15. Noncompliance results in a penalty equal to 15% of the tax remaining due after the estimated payment deadline of December 15. To avoid assessment of such a penalty, the code provides three “safe harbor” options:
- The taxpayer is an individual who resides in the city but was not domiciled there on the first day of January,
- Pay at least 100% of your previous year’s tax liability, or,
- Pay at least 90% of the current year’s tax liability.
Extension Requests
For taxpayers on a federal extension, a separate request for a municipal extension is not required. Submit a copy of the federal extension with the filing of the extended municipal return.
For taxpayers not on a federal extension, an extension request must be submitted on or before the date of the municipal income tax return is due. Visit the RITA website for the extension request form.
Please remember that an extension only extends the time allowed to file an annual return, not the time allowed for payment.
