Logo Support   Sign In   Cart Search
 

Illinois State Tax Tables


Tax rate used in calculating Illinois state tax for year 2024

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 2024)
  1. Subtract the biweekly Thrift Savings Plan contribution from the gross biweekly wages.

  2. Multiply the adjusted gross biweekly wages times 26 to obtain the annual wages.

  3. Determine the exemption allowance by applying the following guideline and subtract this amount from the annual wages.

    Exemption Allowance = $2,775 x Number of Exemptions

  4. 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

  5. Multiply the taxable income computed in step 4 times 4.95 percent to determine the amount of Illinois tax withholding.

  6. Divide the annual Illinois tax withholding by 26 to obtain the biweekly Illinois tax withholding.

More Payroll Information for Small Business

  • What is the cost of using ezPaycheck payroll software

  • Quick Start Guide for New Mac Payroll Software Customers

  • How to start payroll in mid-year

  • Quick Start Guide for New Payroll Software Customers

  • How to start payroll in mid-year

  • How to handle tips in restaurants

  • How to handle the local taxes

  • How to print paycheck on blank stock

  • How to add a customized deduction and withhold it automatically

  • How to set up payroll tax options for church and non-profits

  • How to handle paychecks for both employees and contractors

  • How to file tax forms

  • How to enter the paychecks for after the fact payroll