{"id":5012,"date":"2011-02-14T13:03:55","date_gmt":"2011-02-14T18:03:55","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=5012"},"modified":"2011-02-16T13:19:37","modified_gmt":"2011-02-16T18:19:37","slug":"illinois-releases-revised-withholding-tables","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2011\/02\/illinois-releases-revised-withholding-tables\/","title":{"rendered":"Illinois Releases Revised Withholding Tables"},"content":{"rendered":"<p>Due to the increase in the Illinois individual income tax rate from 3% to 5%, the <a href=\"http:\/\/www.revenue.state.il.us\/#t=tab1\" target=\"_blank\">Illinois Department of Revenue<\/a> has released an updated <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/02\/IL-FY-2011-081.pdf\" target=\"_blank\">Booklet IL-700-T, Illinois Withholding Tax Tables<\/a>.<\/p>\n<p><strong>New Rate Effective January 1, 2011<\/strong><\/p>\n<p>Because the increase is retroactive to January 1, 2011, the new rate applies immediately to the following types of income:<\/p>\n<ul>\n<li>Employee compensation (<em>i.e.<\/em>, wages and salaries) paid in Illinois,<\/li>\n<li>Unemployment paid to an Illinois resident who has asked to have Illinois taxes withheld, and<\/li>\n<li>Gambling or lottery winnings in Illinois paid to an Illinois resident.<\/li>\n<\/ul>\n<p><strong>Automated Payroll Method Formula<\/strong><\/p>\n<p>For payers who use an automated payroll method to calculate their withholdings, an updated formula is provided to calculate the revised withholding amounts.<\/p>\n<p><strong>Vision Payroll Has Implemented New Withholding Tables<\/strong><\/p>\n<p><a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> has already updated its tax tables and will calculate the increased Illinois income tax withholding for all remaining 2011 paychecks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to the increase in the Illinois individual income tax rate from 3% to 5%, the Illinois Department of Revenue has released an updated Booklet IL-700-T, Illinois Withholding Tax Tables. New Rate Effective January 1, 2011 Because the increase is retroactive to January 1, 2011, the new rate applies immediately to the following types of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5012"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=5012"}],"version-history":[{"count":1,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5012\/revisions"}],"predecessor-version":[{"id":5016,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5012\/revisions\/5016"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=5012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=5012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=5012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}