How do I pay Illinois withholding tax online?
How do I pay Illinois withholding tax online?
Log in to MyTax Illinois to electronically pay the Illinois Income Tax you withheld or the Unemployment Insurance Tax due. You also may use MyTax Illinois to electronically file your tax returns or unemployment insurance reports, and manage your tax accounts.
What is Il withholding on my paycheck?
Generally, the rate for withholding Illinois Income Tax is 4.95 percent. For wages and other compensation, subtract any exemptions from the wages paid and multiply the result by 4.95 percent.
How do I file Illinois withholding tax?
MyTax Illinois is a free online application for electronically filing your Form IL-941 Illinois Withholding Tax Return and Form UI-3/40, Contribution and Wage Report. Follow the instructions on the MyTax Illinois screens and enter your tax information.
What is an IL-941 payment?
You must file Form IL-941 if you paid amounts subject to Illinois withholding income tax (either required or by voluntary agreement), such as: • Wages and other employee compensation including bonus, overtime, and commission pay, usually reported to the recipient on a Form W-2.
What is the Illinois state tax withholding rate?
Effective January 1, 2015, the rate for withholding Illinois Income Tax is 3.75 percent. For more detailed information, see Publication 130, Who is Required to Withhold Illinois Tax, and Booklet IL-700-T, Illinois Withholding Tax Tables.
What is Illinois state withholding?
Withholding refers to income and employment taxes withheld from wages by employers. As an employer, Illinois State University is required by law to withhold income and employment taxes from wages.
What is the income tax rate in Illinois?
Yes. Illinois’s state income tax rate is a flat 4.95% of your taxable income. Regardless of your income level, you will pay the same rate. There are nine flat tax rate states in the United States: Colorado, Illinois, Indiana, Kentucky, Massachusetts, Michigan, North Carolina, Pennsylvania, and Utah.
How do I access myTax Illinois?
Setting up access to your MyTax Illinois account is easy! Go to tax.illinois.gov and click on the MyTax Illinois logo to advance to the MyTax Illinois home screen. Click on the “Sign up Now!” button. Enter all required fields. The information required during the MyTax Illinois activation varies based on the tax types for which you sign up.