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
| 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% |
