Individual Income Tax Return Form - Instructions (Page 2 of 2) in pdf

LINE BY LINE INSTRUCTIONS: Verify that your name and address are

GENERAL FILING INFORMATION

correct on the tax form. Fill in your social security number(s) and phone

VILLAGE OF LEXINGTON TAX OFFICE LOCATION: 44 West Main

number. If you were a partial year resident, fill in the date you moved in or

Street, Lexington, OH 44904.

out of the Village of Lexington and provide your previous address.

LINE 1

Enter the total qualifying wages (usually W2 box 5 Medicare

LEXINGTON INCOME TAX RATE: 1%

wages and tips-highest amount on W2). Contributions to

MAXIMUM CREDIT for tax paid to other municipalities: 0.5%

deferred compensation plans (such as 401(k)) are taxable. See

ORC 718.03 for a complete definition of taxable wages for

DEADLINE TO FILE your Lexington Income Tax Return without penalty,

Ohio municipalities. 2106 Deductions are subject to 2% AGI

interest or late fee is April 15th. Returns received by the tax office after this date or

LINE 2

If applicable, enter miscellaneous income such as tips not

postmarked by the Postal Service after this date will be considered late and will be

included in wages and 1099 income not included on your

subject to penalty, interest and late fee.

Federal Schedule.

EXTENSION REQUESTS: If you wish to apply for an extension to file your

If applicable, enter business income reported on Federal

LINE 3

return, a copy of your Federal Extension must be filed with the Village of

Schedule C or rental income reported on Federal Schedule

E (including K-1 income) or Schedule F. Attach copies of

Lexington Income Tax Office no later than April 15th each year. Payment of

An extension for

Federal Schedules to tax return.

tax owed for current tax year is still due by April 15th.

filing is not an extension for payment.

LINE 4

Add lines 1, 2 and 3.

LINE 5

Multiply line 4 by 1% (0.01).

TAX PREPARATION: The Village of Lexington Income Tax Office provides

LINE 6

Enter the amount of the Village of Lexington tax withheld as

free preparation of your Lexington Income Tax Return on an appointment only

shown on your W2s in boxes 19 and 20. DO NOT include

basis Monday through Friday, 9:30AM to 5:00PM. March 15th-April 15th. No

School District Tax withheld.

appoinment required before then from 9:30 AM- 3:30 Pm.

LINE 7

Village of Lexington residents may claim credit for tax paid to

another municipality up to a maximum of 0.5%. Credit for

WEBSITE: Lexington Income Tax Forms and Information are available on our

tax erroneously paid to another municipality is not allowed,

website at

whether or not you requested or received a refund of said tax.

SCHOOL DISTRICT TAX: The School District Number for Lexington City

LINE 8

Enter estimated tax payments paid using exact dollars and

Schools is #7003. School taxes paid may look like local income tax on your W2.

cents paid. Contact Tax Office for total if you are unsure.

This is not local income tax and you may not take credit for it on your Lexington

Tax Return. The State of Ohio administers School District Tax and can be reached

at 1-800-282-1780.

LINE 9

Enter prior year credit carryover that was not refunded or

applied to prior year debt, using exact dollars and cents.

REMITTANCE: Make check or money order payable to Lexington Income

Tax. Balances less than $10.00 need not be paid, but the return must still be filed

Add lines 6, 7, 8 and 9.

LINE 10

by April 15th. Payments must be received or postmarked by April 15th to avoid

penalty, interest and late fees.

LINE 11

If line 5 is greater than 10, subtract line 10 from line 5.

STUDENT FILING REQUIREMENTS: If you turned 18 years of age during tax

year and your legal domicile (residency) is in the Village of Lexington, you are

LINE 12

If line 10 is greater than 5, subtract line 5 from line 10.

required to file an annual tax return even if no tax is due. College students

maintaining the Village of Lexington as their legal domicile (residency) are subject

Calculate penalty, interest and late fee as follows:

LINE 13

to all Village of Lexington Tax regulations. If you used an address inside the

corporation limits of the Village of Lexington to file your Federal and State tax

PENALTY: Multiply line 11 by 1% (0.01). Multiply answer

returns, you are considered a resident of the Village of Lexington.

by number of months late.

MANDATORY FILING: Village of Lexington residents, age 18 and older, are

INTEREST: Multiply line 11 by 1% (0.01). Multiply answer

required to file an annual Village of Lexington tax return, even if no tax is

by number of months late.

due. Partial year residents are required to file a return on the portion of

LATE FEE: Enter applicable late fee: $35.00

income earned while a resident of Village of Lexington. Non-residents are

Add lines 13A, 13B and 13C.

required to file a tax return on any income earned inside the corporation

limits of Village of Lexington, even if no tax is due. All retired persons with

LINE 14

Add lines 11 and 13D, or subtract line 13D from line 12.

no taxable income and those on permanent SS disability are required to file

one year.

Subtract line 13D from line 12. Overpayment of $10.00 or

LINE 15

JOINT FILING: A husband and wife may elect to file joint tax returns regardless

less will not be refunded. Indicate distribution of

of how the Federal Tax Return is filed.

overpayment. Overpayment will first be applied to

outstanding prior balance before being refunded or carried

NON-RESIDENTS: A non-resident does not need to file a Village of

forward.

Lexington tax return if the tax was fully withheld by the employer. Non-

Line 5 minus line 6 and line 7.

LINE 16

residents must file and report business activity income including rental

income even if a net loss is realized.

LINE 17

Enter credit carryover from line 15A.

LINE 18

Subtract line 17 from line 16.

THE FOLLOWING INCOME IS EXEMPT FROM VILLAGE OF LEXINGTON

TAX: Military pay, reserve pay, capital gains, losses, dividends, interest, pension

LINE 19

Multiply line 18 by 22.5% (0.225).

income, parsonage allowance, alimony, Social Security Benefits, State of Ohio

unemployment benefits, Public Assistance payments, annuities (at time of distribution),

NOTE: IF YOU HAVE FILED ONE YEAR AFTER YOU HAVE

IRS Section 125 cafeteria plans, moving expenses, and income from which the Village is

RETIRED OR ARE ON PERMANENT DISABILITY, YOU DO NOT

specifically prohibited from taxing. NOTE: Parsonage allowances and moving expenses

NEED TO FILE AGAIN UNLESS YOU EARN TAXABLE INCOME.

are limited to the extent allowed on Federal Income Tax.

Individual Income Tax Return Form - Instructions Page 2

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