Income Tax

The City of Forest Park Municipal Income Tax Department is responsible for the collection, audit and enforcement of Forest Park’s municipal income tax ordinance. We strive to provide all taxpayers with exceptional, professional and quality service. Along with the finance department, we assist in maintaining and strengthening the fiscal integrity of the city.

Please note: The department of Municipal Income Tax offers free preparation of Forest Park tax returns. No appointment is necessary.
                                                                                           General Information
Who

The City of Forest Park has mandatory filing requirements. The tax rate of 1.5% applies to all who live, work, operate a business within or do business within the City of Forest Park. This tax must be paid to the city for everyone 18 years or older regardless of level of income.

  • All City of Forest Park residents that are 18 years and older are required to register with the Tax office and to file an annual Forest Park return even if no tax is due.
  • All non-residents with income earned within Forest Park or with income taxable to the city that is not fully withheld by an employer are required to file a Forest Park income tax return.
  • All non-residents engaged in a business with the city who have sales, services performed or rental property must file a tax return whether or not tax is due.
  • All entities operating a business within or doing business with the city must file an annual Forest Park income tax return on net profits/losses.

When

Individual Returns On, or before April 15th
 Business Returns  Varies**
 Withholding Reconciliation                   Due on or before the last day of February



*If the due date falls on a weekend or a federal holiday, then the due date will be the following business day.
** Calendar Year Taxpayers file in on or before April 15 and  Fiscal Year Due on 15th day of the 4th month  after year end.
    

What to bring

  • W-2 Forms for all employers
  • Federal Tax Return Form 1040
  • Federal Schedules 1, C, E, K-1 (if applicable)
  • Other income information (unemployment/welfare/disability/retirement/Social Security benefits)

 Credits
Residents who work outside Forest Park and pay other city/county employment tax receive a 25% credit for taxes paid to other municipalities.  This allows for a maximum credit of .375% of taxes paid to another municipality based on a tax rate of 1.5% or higher (25% x 1.5%).  If the tax rate of the other municipality is less than 1.5%, the maximum credit is 25% of that municipality’s tax rate.

  • Example: 
    • In 2019, a Forest Park resident works in Cincinnati, earns $50,000/year.
    • Person has Cincinnati tax of 2.1% withheld from paycheck totaling $1,050.
    • Forest Park will allow a credit up to .375% of $50,000 or $187.50.
    • Total Forest Park Liability: $50,000 x 1.5% = $750 - $187.50 = $562.50 balance due. 
    • A 2020 Estimate will also need to be set up in the amount of $562.50, with $140.63 paid quarterly.*

*If it is estimated that you will owe more than $200 tax the following year, you MUST set-up  quarterly estimated payments with the final payment being made by January 15th to avoid a penalty.