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Rev. 12/16
2017 Ohio Estimated Income Tax Instructions and Worksheet
Do I Have To Make Estimated Tax Payments? Joint and Separate Estimated Returns
You are required to pay estimated income tax on Ohio IT 1040ES if If you intend to fi le your 2017 Ohio income tax return on a joint basis,
the tax due on your 2017 Ohio income tax return, reduced by your then you should fi le a joint estimate. If you intend to file your 2017
Ohio tax withheld and refundable tax credits, is $500 or more. Ohio income tax return on a married separate or single basis, or if
you are unsure, then you should fi le separate estimated vouchers for
Note 1: If you don’t want to make estimated payments, you may ask yourself and for your spouse. Making joint estimated tax payments
your employer to increase the amount of Ohio tax your employer or separate estimated tax payments will not affect your choice of
withholds from your wages. To do this, fi le a revised Ohio IT 4, filing a joint tax return or separate returns for 2017.
Employee Withholding Exemption Certifi cate, with your employer.
Remember, if your estimated 2017 tax due amount is less than Interest Penalty
$500, you do not have to make estimated payments. If you fail to pay or if you underpay your estimated tax, you must
add an interest penalty to your taxes. See Ohio IT/SD 2210 to see
Farmer or Fisherman Filing Rules if you owe an interest penalty on your underpayment. The interest
In lieu of fi ling the individual estimated tax, farmers or fishermen rate for calendar year 2017 is 4%.
whose total estimated gross income is at least two-thirds from
farming or fi shing may fi le their Ohio income tax returns using the Avoiding the Underpayment of Estimated Income Tax
same fi ling method they use for filing their federal income tax returns. Interest Penalty
See Ohio Administrative Code Rule 5703-7-04. You may avoid the underpayment of estimated income tax interest
penalty if you meet any of the following conditions:
Payment Due Dates
Payments of estimated tax ordinarily must be made in four in- The sum of your 2017 Ohio tax withheld, your 2017 refundable
stallments. If you determine that you are required to fi le estimated credits, your timely made estimated payments and your 2016
tax payments, the quarterly payment due dates for 2017 are: overpayment applied to 2017 will equal or exceed 100% of your
2016 Ohio income tax after reduction for your 2016 nonrefundable
1 stQuarter – April 18, 2017 3 rdQuarter – Sept. 15, 2017 credits; OR
2 ndQuarter – June 15, 2017 4 thQuarter – Jan. 16, 2018
The sum of your 2017 Ohio tax withheld, your 2017 refundable
What Are My Payment Options? credits, your timely made estimated payments and your 2016
There are three payment options available to you: overpayment applied to 2017 will equal or exceed 90% of your
2017 Ohio income tax after reduction for 90% of your 2017
Electronic Check – Save time and postage by electronically filing nonrefundable credits; OR
and paying your 2017 quarterly estimates. Simply go to our Web
site at tax.ohio.gov for this electronic payment option. Using this The sum of your 2017 Ohio tax withheld, your 2017 refundable
method of payment eliminates the need for you to fi le a paper credits, your timely made estimated payments and your 2016
copy of Ohio IT 1040ES. overpayment applied to 2017 will equal or exceed 100% of your
2017 Ohio income tax less the sum of (i) $500 and (ii) 100% of
Credit Card – You may use your Discover, VISA, MasterCard your 2017 nonrefundable credits.
or American Express card to pay your estimated Ohio income
taxes. You may make your credit card payments by either visiting Note 2: For purposes of the above, (i) exclude from your year 2016
tax.ohio.gov or by calling 1-800-2PAY-TAX (1-800-272-9829). overpayment any year 2015 tax you paid after April 18, 2016 and (ii)
The Ohio jurisdiction code is 6446. Offi cial Payments charges exclude from “credits” Ohio tax withheld, estimated tax payments
a convenience fee equal to 2.5% (or $1, whichever is greater). or 2016 overpayments credited to 2017.
This fee is paid directly to Official Payments and is based on the
amount of your tax payment. Do not fi le Ohio IT 1040ES if you Annualized Income Installment Method
use the credit card method of payment. If your income varies throughout the year, you may be able to reduce
or eliminate the amount of your estimated tax payment for one or more
Check or Money Order – You may send in a personal check or quarters by using the annualized income installment method. See Ohio
money order made payable to the Ohio Treasurer of State with your IT/SD 2210 for additional instructions for annualization of income.
quarterly estimated Ohio IT 1040ES. Mail to the address printed
on the voucher. Do not send cash. How to Complete the Declaration Voucher(s)
A. Complete the worksheet on the next page;
Personal and Dependency Exemptions B. Enter your SSN(s) on the voucher. If you are using a preprinted
The personal and dependent exemption is a graduated amount voucher from a tax software program and the SSN(s) is incorrect,
based on your Ohio adjusted gross income. See chart below: you must enter the correct SSN(s) at the top of the voucher and
cross out the scan line at the bottom of each voucher;
Personal/ C. Enter the amount of payment in the space provided on each
Ohio Adjusted Dependent voucher;
Gross Income Exemption D. Make a check or money order payable to Ohio Treasurer of State
for the amount of each payment. See other payment options on
$40,000 or less $2,250 this page;
E. Place on the check or money order your SSN;
More than $40,000, F. If the amount of your estimated tax changes, your next voucher
but not more than $2,000 should refl ect the new amount; AND
$80,000 G. For each subsequent quarterly payment, repeat steps B through
F, above.
More than
$80,0000 $1,750
Adjustments to Income
See the Ohio Schedule A explanation in the 2016 Ohio IT 1040
Multiply the appropriate exemption amount from the chart above by individual income tax publication for the adjustments on lines 2a
the number of dependents you are claiming on the return. and 2b of the worksheet.
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