88.9 F
Park Forest
Thursday, June 30, 2022

New Illinois Tax Rates Take Effect from Passage of SB 9

State of Illinois flag
Illinois State Flag. Source: Shutterstock

SPRINGFIELD –(ENEWSPF)–July 11, 2017.   The Illinois Department of Revenue is providing general information regarding the recent Income Tax increase, and changes to various credits, deductions and additions to income.  Taxpayers are encouraged to review the information and web links below to determine how the recent change in tax rates impacts their status. For most taxpayers, their employers will change withholding amounts based on rate tables provided by the Department.

A summary of Illinois Income Tax and Sales Tax changes may be found here:

Illinois Income Tax increase guidance with detailed instructions for filing may be found here: http://tax.illinois.gov/Publications/Bulletins/2018/FY-2018-02.pdf.

Withholding Tax rates (Booklet IL-700-T) and personal exemption amount changes may be found here: http://tax.illinois.gov/Publications/Bulletins/2018/FY-2018-03.pdf.

For the most up-to-date information, forms, schedules, and instructions for the changes in tax rates, please visit IDOR’s website at: tax.illinois.gov.

Source: http://illinois.gov

Related Articles:

With State Budget Approved, Indianwood Construction Resumes Wednesday

Senator Durbin Statement On Illinois Passing Budget For The First Time In Three Years

Illinois Budget Finally Passes


Recent Articles

Stay Connected


- Local Advertisements -


Currently Trending

Park Forest
clear sky
88.9 ° F
91.7 °
85.7 °
38 %
0 %
86 °
79 °
82 °
82 °
77 °

About Google Ads

The Google-supplied ads that appear on this website are not reviewed ahead of time and differ for each visitor. If anything offensive, inappropriate, or otherwise unwholesome appears, please notify us so we can take steps to block that specific advertiser. Email the URL or advertiser name to [email protected].