Tax rate used in calculating Illinois state tax for year 2021 | State Abbreviation:
| IL | | State Tax Withholding
State Code: | 17 | | Acceptable Exemption
Form: | IL-W-4 | | Basis For Withholding:
| State Exemptions | | Acceptable Exemption
Data: | 0 / Number of Regular Allowances
/ Number of Additional Exemptions | | TSP Deferred: | Yes | | Special Coding: | Determine the Total Number
Of Allowances field as follows: First
Position - Enter 0 (zero). Second
and Third Positions - Enter the number of exemptions claimed. Determine the Additional
Exemptions Claimed field as follows: First
and Second Positions - Enter the number of additional allowances
claimed on Line 2 of the IL-W-4. Valid values are 00 through 99. If
no allowances are claimed, enter 00. | | Additional Information:
| None | Withholding Formula (Illinois Effective 2021) - Subtract the biweekly Thrift Savings Plan
contribution from the gross biweekly wages.
- Multiply the adjusted gross biweekly wages
times 26 to obtain the annual wages.
- Determine the exemption allowance by applying
the following guideline and subtract this amount from the annual wages.
Exemption Allowance = $2,375 x Number of Exemptions - Determine the additional allowance by applying
the following guideline and subtract this amount from step 3 to compute
the taxable income.
Additional Allowance = $1,000 x Number of Additional
Exemptions - Multiply the taxable income computed in step
4 times 4.95 percent to determine the amount of Illinois tax withholding.
- Divide the annual Illinois tax withholding by 26
to obtain the biweekly Illinois tax withholding.
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