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Effective 7/1/17 — Illinois Raises Tax Rates & Changes Tax Credits/Deductions

Update By: Kelley Hare, CPA, MST, Tax Partner

Withholding Rate Changes (Affecting Employers and Employees)

Employers - You must now immediately adjust withholding tax rates in your payroll records and inform employees.
What are the changes to the personal exemption amount that affect withholding?

Individual & Business Tax Changes

What are the changes to Illinois Income Tax?
How will this impact my 2017 tax filings?
What are the changes for Sales and Use Tax?
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