Box 5 reports wages subject to Medicare taxes.  Wages reported in box 5 is what's reported on line 1 of the City return.

If you have wages in Box 18 subject to local or city income taxes, any amount of withholding will be reported in Box 19.  The City of Forest Park will allow a credit of 25% of 1.5%.

In calculating credit for tax paid to other municipalities, the credit may not exceed 1.5% of those wages actually taxed.  Tax withheld at a rate higher or lower than 1.5% must be reduced to the percent allowable.

Example 1:

• If you work in Cincinnati and 2.1% Cincinnati tax is withheld, you will receive credit of .375% on Cincinnati income taxed (.25% of our 1.5% tax rate).

Example 2:

• If you work in Mason and 1.12% Mason tax is withheld, you will receive credit of .28% (.25% of Mason's 1.12% tax rate)

Credit must be adjusted for any refunds from another city/county.

Please note: No credit is given for tax paid to school district taxes.

The deadline to file your tax return is April 15th.  If that date falls on a Saturday or Sunday, then the due date will change to the next business day following the Federal holiday of Emancipation Day celebrated on April 16th.

The tax rate is 1.5%.  Beginning in 2013, the allowable credit has been reduced over 2 years.

Effective 1/1/2013, Residents who work outside Forest Park and have another city's tax withheld (example: Cincinnati), your allowable credit towards your Forest Park return has been reduced.  The new credit allows for a maximum credit of 1.125% of taxes paid to another municipality based on a tax rate of 1.5% or higher.  If the tax rate of the other municipality is less than 1.5%, the taxpayer would only receive a credit up to 75% of that city's tax rate.

• Example:
• In 2013, a Forest Park resident works in Cincinnati, ears $50,000/year
• Person has Cincinnati tax of 2.1% withheld from paycheck totaling $1,050
• Forest Park will now only allow a credit up to 1.125% of $50,000, or $562.50
• Total Forest Park liability: $50,000 x 1.5% = $750 - $562.50 = $187.50 balance due

Effective 1/1/2014, Residents will be given 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.  If the tax rate of the other municipality is less than 1.5%, the taxpayer would only receive a credit up to 25% of that city's tax rate.

• Example:
• In 2014, a Forest Park resident working in Cincinnati earns $50,000/year
• Person has Cincinnati tax of 2.1% withheld from paycheck totaling $1,050
• Forest Park will now only 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

Each resident over the age of 18 must file a Forest Park income tax return.  The term "resident" includes the following:

• College students temporarily away from home
• Military personnel whose permanent residence is in Forest Park
• Renters
• Individuals living with property owners

Filing is required even if no Forest Park tax is due and if no Federal tax return is required.

Yes, you must file a forest Park income tax return for the portion of the year that you were a resident.

No.  Some forms of income are not taxable, but you must still file a tax return.  Non-taxable income sources include:

• Interest
• Dividends
• Annuities
• Workers compensation
• Social security
• Pensions unemployment insurance
• Supplemental unemployment

The following lists are for reference only.  they are not all-inclusive, and may be subject to revision without notice.

Taxable Income	Non-Taxable Income
Wages, Salaries, and other compensation Commissions and fees Bonuses and incentive payments Sick and vacation pay Employer supplemental unemployment benefits Lottery and gambling winnings Net rental income Net profits of businesses, professions, corporations, etc. Income from trusts, or estates Stock options Employee contributions to retirement plans	Interest income Welfare benefits Social security State unemployment Worker's compensation Alimony Child support Active duty military pay Retirement income Capital gains Clergy housing allowance

Yes!  The forest Park Income Tax office is open year round for taxpayer assistance from Monday through Friday 8:30a.m. - 4:00p.m.  During the tax season (February 1^st - April 15^th) the Tax Office is open Monday through Friday from 8:30a.m. - 4:00p.m. with the following additional extended hours:

• Mondays and Thursdays (April 2^nd, 6^th, 9^th, & 13^th 2020) from 8:30a.m. - 6:00p.m.
• Wednesday (April 15^th 2020) from 8:30a.m. - 6:00p.m.
• Saturdays (April 4^th & 11^th 2020) from 9:00a.m. - 2:00p.m.

OUR OFFICE WILL NOT BE ASSISTING TAXPAYERS ON APRIL 16^TH & 17^TH TO ALLOW TIME FOR PROCESSING RETURNS.
For your convenience, we also offer an e-file lab in the city building by appointment for filing your returns online.  The lab will be open March 31^st, April 1^st - 3^rd, and April 7^th - 9^th from 9:00a.m. - 4:00p.m.  Please call the Tax Office at (513) - 595 - 5211 to make an appointment.
Starting April 10^th, the tax lab will be open from 8:30a.m. - 4:00p.m. on a first come, first serve basis.

All residents must file a return, or request an extension by April 15^th.  Quarterly payments of 25% of the estimated tax are due on April 15^th, June 15^th, September 15^th, and January 15^th.

Yes, the statute of limitations for amending a return is 3 years.  An amended return must be filed to report additional income and to pay any additional tax due, or to claim a refund of overpaid taxes.