Illinois recently published an updated version of Booklet IL-700-T, Illinois Withholding Tax Tables. This publication provides information and instructions relating to withholding tax calculation, remittance, and reporting for those with withholding tax obligations in Illinois.
This latest version of the Booklet adjusted the withholding tax tables to account for an increase in the Illinois Standard Exemption, in accordance with Illinois Public Act 100-0865.
To review this publication in its entirety, please visit the Illinois Department of Revenue by clicking here.
About the Author
Paul Ogawa is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.More Content by Paul Ogawa