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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?
Questions?
Let us know how we can help.

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