Illinois To Take Tax Increase From Your Paycheck
(Springfield, IL) — Your next paycheck will be smaller thanks to Illinois’ new tax increase. The Illinois Department of Revenue this week released the specific codes for payroll managers across the state to start withholding the tax. Illinois lawmakers approved the tax hike, which raises the personal income tax from three-point-seven-five percent to four-point-nine-five percent, a 32-percent increase.
Benjamin Yount/acb IL)
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