Income Tax Interest Rates

Ohio Revised Code 718.27 requires the Tax Administrator to publish, by October 31st, the established interest rate for tax underpayments based on the Federal short-term rate that will apply during the next calendar year.

 

 

PUBLISHED INTEREST RATE

Calendar Year       Yearly Interest Rate    Month Interest Rate

      

2024 10.0% .833%
2023 7.0% .5833%
2022 5.0% .42%
2021 5.0% .42%
2020 7.0% .5833%
2019 7.0% .5833%
2018 6.0% .50%
2017 6.0% .50%
2016 5.0% .42%