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Estimated Payments

Do I have to pay estimated tax in 2020?

If your income is subject to Ohio withholding, meaning there is money taken out of your paycheck for Ohio withholding, you generally do not need to make estimated payments. You should make estimated payments if your estimated Ohio tax liability (total tax minus total credits) less Ohio withholding is more than $500.

Estimated payments are made quarterly according to the following schedule:

2020 Payment Due Dates:
1st Quarter -  July  15, 2020
2nd Quarter - July 15, 2020
3rd Quarter -  Sept. 15, 2020
4th Quarter -  Jan. 15, 2021

Use the Ohio IT 1040ES vouchers to make estimated Ohio income tax payments. Use the Ohio SD 100ES vouchers to make estimated Ohio school district tax payments. Joint filers should determine their combined estimated Ohio tax liability and make joint estimated payments.

If you estimate that you will owe more than $500 in tax for 2020 (after subtracting your estimated withholding and credits), then you should make quarterly estimated payments. Quarterly estimated payments can be made electronically. If paying by check or money order, use the Ohio IT 1040ES and/or SD 100ES payment vouchers.

To assist taxpayers in determining their estimated payments, a complete set of tax rates is available.

TIP: Instead of making estimated payments, you may increase your Ohio withholding by filing a revised Ohio IT 4 (Employer Withholding Exemption Certificate) with your employer.

If you do not make the required estimated payments or increase your withholding, you may be subject to an interest penalty for underpayment of estimated taxes. See form IT/SD 2210.

See R.C. 5747.09.