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Posted August 3rd, 2017 in Producers, Employers, Individuals
Effective as of July 1, 2017, the State of Illinois has increased the individual income tax rate to 4.95 percent from 3.75 percent. Also, the corporate rate has increased to 7 percent from 5.25 percent. These increases were included as part of the state’s new budget. Illinois had previously gone 736 days without a budget.
 
Posted January 13th, 2017 in Producers, Employers, Individuals
Nothing has changed yet. Nothing will change until after Donald Trump is sworn in as President on January 20th.