Illinois DOR Publishes Withholding Tax Tables Effective Jan. 1, 2022

The Illinois Department of Revenue Dec. 1 published a revised booklet providing withholding tax tables for state individual income and corporate income tax purposes, effective Jan. 1, 2022. The booklet includes: 1) the income tax rate for wages and other compensation is 4.95 percent and the exemption allowance is $2,425; and 2) how to calculate the amount to withhold using the tables provided in the booklet and the automated payroll method. [Ill. Dep’t of Revenue, Booklet IL-700-T, 12/01/21]

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