Best Tax Attorneys in Akron

FAQs

• Where does the Tax Court hold trial sessions closest to Akron, Ohio?

  The U.S. Tax Court trial location nearest Akron is Room 3013 of the Celebrezze Federal Building at 1240 East 9th Street, Akron, OH 44199.

• Where is the low-income taxpayer clinic that is closest to Akron, Ohio?

  Community Legal Aid Service LITC is a low-income taxpayer clinic with a location in Akron Centre Plaza on 50 South Main St, Suite 800, Akron, OH 44308.

• What are the sales tax rates in Akron?

  As of 2023, the sales tax rate in Akron is 6.75%, with 5.75% from the Ohio state sales tax and 1% from the Summit County sales tax. This figure is lower than that of 81% of the localities in Ohio and has remained unchanged since 2020. The maximum sales tax allowed by the state is 8%, while the minimum is 6%.

• Who pays income taxes in Akron?

  Residents of Akron above 18 years old must pay the city’s income tax rate of 2.5% and file their tax returns by April 15th of each year. This also includes non-residents who have found employment in Akron. Exempt from income taxes are retired individuals whose only sources of income are their Social Security benefits, company pensions, interest, and dividends.

• What types of income in Akron is non-taxable?

  The City Of Akron’s Income Tax Division does not tax income such as Social Security and qualified pension plans, IRA distributions, annuity distributions, and unemployment and workers' compensation benefits. Other types of non-taxable income include insurance proceeds, interest, dividends, capital gains, clergy housing allowance, and cafeteria plans. In addition, health and welfare payment benefits from governmental, charitable, religious, and educational organizations are non-taxable.

• What happens to late income tax filings in Akron?

  Taxpayers in Akron who have failed to file their income tax returns on time are penalized 15% of the amount owed. Meanwhile, the interest rate is 5% plus the IRS federal short-term interest rate for July. The City Of Akron’s Income Tax Division grants delinquent taxpayers a one-time payment agreement if they demonstrate that they are financially able to meet their tax obligations.

• When are Akron taxpayers charged with IRS penalties?

  When taxpayers in Akron fail to pay their taxes, estimated tax, or tax returns, the IRS can impose penalties. The penalty for filing late is 5% of one’s unpaid taxes, applied monthly but not exceeding 25%. To avoid incurring multiple penalties, taxpayers should submit their tax returns even if they cannot pay the total amount of taxes owed.