Ohio Tax Department Issues Upcoming Changes for Reporting Tax Year 2023 W-2, 1099 Information

The Ohio Department of Taxation Oct. 31 issued an update to the threshold for the electronic filing of W-2 and 1099-R information, effective for tax year 2023, for individual income and corporate income tax purposes. All employers and retirement system payers who file employer withholding returns (IT 501) electronically are now required to upload their W-2 and 1099 information through the Ohio Business Gateway. When filing electronically through the Gateway, a separate IT 3 form isn’t required. The requirement is effective for the 2023 W-2 and 1099 forms due on Jan. 31, 2024. The tax department will continue to accept ...