Illinois DOR Releases Information on Estimated Income Tax Payment Requirements for Individuals, Businesses

The Illinois Department of Revenue (DOR) released an updated publication on estimated income tax payment requirements for individuals and businesses. The publication provides detailed information about Illinois Income Tax estimated payment requirements. The publication: 1) defines estimated payments, 2) identifies when estimated payments are due; 3) provides guidance for making estimated payments; and 4) describes consequences of not paying estimated payments. [Ill. Dep’t of Revenue, Publication 105 – Illinois Estimated Payments Requirements for Individuals and Businesses, 06/01/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.