Illinois To Take Tax Increase From Your Paycheck – 7/13/17

Last Updated on July 13th, 2017

Written by Kendra Tillman

>>Illinois To Take Tax Increase From Your Paycheck

Your next paycheck will be smaller thanks to Illinois’ new tax increase. The IllinoisDepartment of Revenue this week released the specific codes for payroll managers across the state to start withholding the tax. Illinois lawmakers approved the tax hike, which raises the personal income tax from three-point-seven-five percent to four-point-nine-five percent, a 32-percent increase.