Illinois Releases New Tax Tables and Withholding Allowance Certificate

Jesse Rooney
July 12, 2017

Illinois’s Department of Revenue has lately released new tax tables and a new withholding allowance certificate in conjunction with it an increase in the state’s tax rate.  Effective July 1, 2017, the income tax rate in Illinois is 4.95%, increased from 3.75%.

Booklet IL-700-T, “Illinois Withholding Tax Tables,” has been updated effective July 1, 2017.  The tax tables themselves have been updated in line with the increase in tax rate.  The booklet also provides a new post office box for the Department of Revenue. 

Form IL-W-4, “Employee’s and other Payee’s Illinois Withholding Allowance Certificate and Instructions,” has been updated as well.  Wage earners use this document to specify paycheck withholding for the state in a manner similar to the federal W-4.  The revision has new rules for exemptions for high wage earners.

To review Booklet IL-700-T, “Illinois Withholding Tax Tables,” please follow this link.

To review Form IL-W-4, “Employee’s and other Payee’s Illinois Withholding Allowance Certificate and Instructions,” please follow this link.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.


Jesse Rooney

Jesse Rooney is regulatory counsel for Sovos. His research focuses on tax information reporting. He is a member of the Massachusetts bar.
Share This Post

North America ShipCompliant
May 25, 2023
Out-of-State Breweries Gain Self Distribution, DtC Rights in Oregon

Under a settlement agreement, breweries located outside of Oregon now have more options for selling into the Beaver State, including direct-to-consumer (DtC) shipping and self-distribution to retailers. The settlement arose out of a lawsuit filed by a group of Washington breweries last year challenging Oregon laws that limited beer self-distribution to in-state breweries and DtC […]

EMEA VAT & Fiscal Reporting
May 24, 2023
VAT and Art: What you need to know

Significant inflation increases have impacted most of the world’s economies, with the UK still above 10% in 2023. This increase means a reduction in the purchasing power of consumers. Together with increases in the cost of raw materials, this has created uncertainty regarding growth of entire industrial departments and reduced profit margins for companies. The […]

North America ShipCompliant
May 23, 2023
Top 5 Myths Surrounding Retailer Direct-to-Consumer Wine Shipping

By Tom Wark, Executive Director, National Association of Wine Retailers Politics breed myths. This has always been the case as politics is, at its most fundamental, a form of storytelling. So it should be no surprise that myths have arisen as various elements of the wine industry have fought against consumers and specialty wine retailer seeking […]

May 23, 2023
IPT: Location of Risk and Territoriality

Much of the discussion on the Location of Risk triggering a country’s entitlement to levy insurance premium tax (IPT) and parafiscal charges focuses on the rules for different types of insurance. European Union (EU) Directive 2009/138/EC (Solvency II) set out these rules. However, a related topic of growing importance in this area concerns territoriality, i.e. […]

Asia Pacific E-Invoicing Compliance
May 23, 2023
Japan: New e-Invoice Retention Requirements

Japan’s new e-invoice retention requirements are part of the country’s latest Electronic Record Retention Law (ERRL) reform. Along with measures such as the Qualified Invoice System (QIS) and the possibility to issue and send invoices electronically via PEPPOL, Japan is implementing different indirect tax control measures, seeking to reduce tax evasion and promote digital transformation. […]