ohio payroll tax tables

Thursday, August 29th, 2013

Ohio Payroll Tax Reduced Effective Sep 1, 2013; Tables Updated

A new version of Payroll Mate ® payroll software has been released to implement Ohio’s New Income Tax Cut.

Ohio’s House Bill 59 (H.B. 59) cuts Individual Income Tax Rates 10% or $3 billion over the next three years.

Ohio employers must implement the new withholding tables starting September 1, 2013.

Below are the new tables:

 

More Than    But Not More Than                                               Amount To Be Withheld Is:

 

$              0 $    5,000.00 0.581% of such amount
5,000.00 10,000.00 29.05 plus 1.161% of excess over $   5,000.00
10,000.00 15,000.00 87.10 plus 2.322% of excess over $ 10,000.00
15,000.00 20,000.00 203.20 plus 2.903% of excess over $ 15,000.00
20,000.00 40,000.00 348.35 plus 3.483% of excess over $ 20,000.00
40,000.00 80,000.00 1,044.95 plus 4.064% of excess over $ 40,000.00
80,000.00 100,000.00 2,670.55 plus 4.644% of excess over $ 80,000.00
100,000.00 3,599.35 plus 5.805% of excess over $100,000.00

 

Click here to download a new version of Payroll Mate with the latest withholding tables.