State offers guidance on income tax increase

Posted on July 17, 2017
The Illinois Department of Revenue is offering some guidance to navigating the state’s new income tax rates. (Photo courtesy Pixabay)

By Illinois Radio Network

SPRINGFIELD – The Illinois Department of Revenue has general information regarding how much more you’ll have to pay the state in income taxes.

The changes that went into effect retroactive to July 1 also change various credits, deductions and additions to income. IDOR spokesman Terry Horstman said taxpayers should review their website Tax.Illinois.Gov for how the change impacts them.

Employers will also need to update withholding amounts for employees’ paychecks.

“It’s been our experience in the past that the employers come into compliance very quickly once information and guidance is provided to them and they begin remitting the money,” Horstman said.

The website also includes information about other changes such as an increase in the state earned income tax credit and a new credit for teachers who spend their own money on classroom supplies.

Blogs

Labor Day – Expanding voting rights for all

By Mike Matejka Because of COVID, there is no Labor Day Parade this year.  It’s always a great event for our everyday workers to march proudly down the street and enjoys the festive crowd. If there had been a parade, this year’s Labor Day theme was to be “150 years of struggle: your right to vote.” …

Is federal mobilization the answer?

By Mike Matejka As President Donald Trump threatens to send federal marshals into Chicago, over the objections of Illinois Governor J.B. Pritzker, recall another Illinois Governor who protested the incursion of armed federal personnel into the city.   Those federal troops, rather than calming, escalated the situation, leading to deaths and violence. Illinois poet Vachel Lindsay…

In these troubled times, to my fellow white Americans

By Mike Matejka Our nation is at a unique watershed in human relations. African-Americans have been killed too many times in the past before George Floyd, but the response to this man’s death is international and all-encompassing. I was a grade-schooler during the Civil Rights 1960s. I watched Birmingham demonstrators hosed and the Selma – Montgomery…

Workers’ Memorial Day – Remember those whose job took their life

Looking around our community, when we say employer, most will respond to State Farm, Country, or Illinois State University.   We too often forget those who are building our roads, serving our food, or our public employees. COVID-19 has made us more aware of the risk.  Going to work every day for some people means…