Illinois DOR Issues Informational Bulletin Summarizing Changes to Individual, Corporate, Withholding Income Taxes

The Illinois Department of Revenue Dec. 1, 2023 issued an informational bulletin summarizing the 2023 and 2024 changes to individual income, corporate income, trust income, and withholding taxes and tax forms. The bulletin includes: 1) changes to the 2023 state income tax forms and schedules for individuals and businesses; 2) changes to the state income tax credits; 3) information on changes to 2024 state withholding income tax forms; 4) information for tax preparers and software vendors regarding the filing season; and 5) original and extended income tax filing and payment due dates. The bulletin also notes that the personal exemption ...