WebbInterest Rate Formula: Tax due x interest rate x number of days late ÷ number of days in year = Interest: Example: 2024 IT-1040 filed October 15, 2024 with a tax due of $100.00 (return was due May 17, 2024) $100.00 x 3% x 151 days ÷ 365 = $1.24 (May 18 - … WebbInterest shall be imposed per annum, on all unpaid income tax, unpaid estimated income tax and unpaid withholding tax. The interest rate used shall be the Federal short-term …
Tax Interest and Penalty Rates Trenton, OH
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Business Income Deduction - Ohio Department of Taxation
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