Income Tax FAQ
What is the individual income tax rate in Wapakoneta?
One percent (1.5%). If an individual pays income taxes to another municipality, a credit of up to one percent (1.5%) is allowed.
When are my city income taxes due?
April 15 is the due date. To be considered timely filed the return must be received on or before April 15. A return that is mailed must be postmarked April 15 or before. The cancellation from a postage meter does not constitute a postmark and the day that the City of Wapakoneta receives the tax return will determine the date of filing.
Where do I obtain tax forms?
Forms will be mailed to taxpayers mid January. Forms are also available at City Hall, 701 Parlette Court or the Auglaize County Library. Forms can also be downloaded here.
Where do I file my City tax return?
A tax return is due on or before April 15 and can be dropped off at City Hall between the hours of 7:30 A.M. to 4:00 P.M. Monday thru Friday or can be mailed to PO Box 269, Wapakoneta, Ohio 45895-0269.
If I live in Wapakoneta and my employer withheld enough city tax, do I still have to file a tax return?
Yes, Wapakoneta requires that a timely tax return be filed even if no additional tax is owed.
May I apply for an extension of time to file my return?
Extensions of up to six months may be obtained for the time to file. The request will be automatically approved provided that:
– An extension request is submitted to our office on or before the original due date of the return being extended
Why is City taxable income on my W-2 higher than Federal or State taxable income?
It is federal and state tax policy to give tax preference or to defer tax on some types of income. For example, to encourage people to save for retirement, income put into a pension plan is not taxed for federal or state purposes until it is received as a pension. Cities in Ohio, however, do tax that income when it is earned (set aside), but don’t tax it when it’s paid out in your retirement years.
May I be assessed penalty, interest and late filing fees?
Penalty and interest charges are levied unless required payments are made when due. Late fees are charged if returns are not filed with due. Late fees are assessed for late filing even when no additional tax is owed.
My child is working part-time while at college. Are they required to file and/or pay Wapakoneta income tax?
Yes, so long as their official residence is in Wapakoneta. If they officially change their residency to the city in which they are attending college, they will not have to pay Wapakoneta income tax. However, they may be required to pay income tax to their new city. Please keep the tax office updated with correct addresses.
If I moved to Wapakoneta part way through the year, do I have to pay tax on my income for the entire year?
No, Wapakoneta permits prorating of income for new residents. To calculate how much of your income you will need to pay tax on, divide your income by 12 and then multiply the result by the number of months that you lived in Wapakoneta last year. Any tax that was withheld from your wages is also prorated as above.
Am I allowed to use business expenses against my income?
Yes, you can use Federal Form 2106 business expenses against your W-2 income. However, if your withholding was paid to a city other than Wapakoneta, the refund request will have to be made to that city.
Are Schedule C losses allowed to be used against W-2 income?
No. Schedule C losses cannot be used against W-2 income; however, business or rental loss may be used to offset a business or rental profit.
Does Wapakoneta allow business losses to be carried forward?
Yes. Losses can be carried forward for five (5) years.
Who must file a declaration of estimated tax?
Every taxpayer who will owe at least Two Hundred Dollars ($200) more than what will be withheld by his/her employer shall file and pay quarterly estimated payments.
How important is the income tax revenue to Wapakoneta?
The income tax is the largest single source of revenue for the City. This revenue is the foundation for providing essential safety, i.e. police, fire, EMS as well as other valuable city programs that make Wapakoneta a desirable community in which to live and work.
To avoid unnecessary correspondence and delays in processing your return:
- Use the pre-addressed form
- Fill out the form completely
- Attach ALL W-2’s and/or federal schedules
- Enclose payment for balance due. Make check payable to City of Wapakoneta
- DO NOT send cash in the mail
- Be sure to sign your return and check
If you have any questions not addressed, please call (419) 738-7342 or e-mail your questions here.