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The attorney listings on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Talk to a Lawyer. Grow Your Legal Practice. Meet the Editors. Illinois Income Tax Withholding Requirements. Learn the rules for Illinois state income tax withholding for employees. Here are the due dates for the various payment schedules: Semi-weekly: Payments are due by Wednesday for amounts withheld on the preceding Wednesday, Thursday, or Friday, and by Friday for amounts withheld on the preceding Saturday, Sunday, Monday, or Tuesday.
Monthly: Payments are due by the 15th day of the month following the month in which the tax was withheld. Annually: Payments are due with your Form IL return by the end of January following the year the amounts were withheld.
Few taxpayers are given the option of an annual payment schedule. File Scheduled Withholding Tax Returns Apart from making scheduled tax payments, you must also periodically file withholding tax returns. Form IL is due by the last day of the month that follows the end of the quarter, as follows: first quarter January — March is due April 30 second quarter April — June is due July 31 third quarter July — September is due October 31, and fourth quarter October — December is due January No Illinois Annual Reconciliation The federal government and many other states require employers to file an annual reconciliation after the end of the year.
Independent Contractors are Not Employees This article is only concerned with employees, not independent contractors. Using Payroll Service Companies You may decide that it's easiest to hand over responsibility for payroll, including withholding taxes, to an outside payroll service. Additional Information This article touches on only the most basic elements of Illinois employee withholding taxes.
Form K-5 is used to report withholding statement information from Forms W-2, W-2G, and and is completed online with two filing methods to choose from.
It may be filed electronically by clicking the submit button or the completed form may be printed and mailed to the address on the form. However, the print and mail option is only for those reporting fewer than 26 withholding statements.
Note: When printing the form to mail to DOR, a barcode will print at the bottom of the form. This barcode is used by DOR to process the form more accurately and efficiently. Provided below is a list of software vendors who will electronically file your state and federal Wage and Tax Statement information and then mail Wage and Tax Statements to your employees.
Fees may apply. To be redirected to their sites, please click on their logo below. State Sen. Illinois Tax Sales - Tax Liens Illinois income tax proposal rejected Pritzker administration warns of income tax hike if Illinois exodus: Residents leaving the state in Gas tax hike has Illinois drivers crossing into No tax hike in slimmer Illinois budget, reliance on Illinois has the highest taxes in the US, report finds Illinois extends income tax deadline to July 15, Illinois - State Withholding Tax Setup Why states should abolish their state income tax Illinois announces driver's license expiration date International Taxpayers-Individual Taxpayer Need help filing your state tax returns?
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Your browser indicates if you've visited this link You can find more details and rules for claiming these above-the-line deductions in the Form Instructions Your browser indicates if you've visited this link And if your provisional income doesn't go up, the tax on your Social Security benefits won't either.
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Do I have to pay for Eventlooking searches? Generally, you must withhold Illinois Income Tax if you are required to withhold or have a voluntary agreement to withhold federal income tax from payments you make for 1. You must registerwith us to withhold Illinois Income Tax. As a withholding agent person who withholds income tax , you are liable for the taxes that you are required to withhold.
Because we are required to collect taxes and issue assessments when these taxes are not paid , Illinois law states that the amounts required to be withheld and paid to us and any penalties and interest are considered to be a tax on you.
As the withholding agent you must pay the tax ev For the current income tax rate, see Income Tax Rates. For more detailed information and the Illinois withholding tax amounts, see 1. All withholding income tax credits are now reported on the Schedule WC.
The Schedule WC-I, Withholding Income Tax Credits Information and Worksheets, provides detailed information about the withholding income tax credits, how to calculate them and where to report them. Credits include: 1.
Minimum Wage Credit 2. If you are assigned to the semi-weekly due date schedule, your schedule will not change. If you are assigned to the monthly due date schedule, and 1. If you have non-wage income and you expect to owe Illinois Income Tax on that income , you may choose to have an additional amount withheld from your pay.
Cut here and give the certificate to your employer.
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