The Illinois Department of Revenue Dec. 1 published a revised booklet providing withholding tax tables, effective Jan. 1, 2021. The booklet includes: 1) the rate of withholding for state individual income and corporate income tax purposes; 2) calculation of the amount to withhold; 3) steps to use the tables provided in the booklet; and 4) steps to use the automated payroll method to calculate the amount to be withheld. [Ill. Dep’t of Revenue, Booklet IL-700-T, 12/01/20]
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