Tax filing

Kettering, Middletown, Oakwood, Springfield, Vandalia, Xenia and Yellow Springs.

Ohio will waive penalty on tax due payments made during the extension. As part of the legislation passed addressing the continuing emergency, there will be no interest charges to payments made during the extension.

The Ohio Department of Taxation said the first quarter estimated income tax payment for tax year 2021 is not impacted by this extension and must still be made by April 15.

The Ohio Society of CPAs tax policy director Greg Saul said the organization’s membership was divided on the issue of moving back the state tax deadline.

He said the deadline moving back does help CPAs evaluate their workload, since many accountants are working on Payment Protection Program loans and other federal relief programs and their workloads are likely higher than last year.

Saul also noted the Ohio legislature recently passed Senate Bill 18, which would make Ohio conform with recent changes to federal tax law.

If Gov. Mike DeWine signs the bill, it would exclude $10,200 in unemployment compensation from income tax for those making under $150,000 and allow tax-deductible expenses from the Paycheck Protection Program.

Other provisions in the bill include excluding the 2020 and 2021 Ohio Bureau of Workers’ Compensation refunds/dividends from the commercial activity tax and excluding PPP loans from the Consolidated Appropriations Act from the commercial activity tax.

The bill is emergency legislation, so if signed, it would take effect immediately.