How Much Taxes Does Illinois Take Out Of Paycheck?

Because Illinois has a flat income tax structure of 4.95 percent, all of the state’s income is taxed at the same rate, regardless of who earned it. Additionally, neither the city nor the county imposes a municipal income tax. Supplemental pay and bonuses are subject to the same state income tax rate as regular salaries and bonuses in Illinois.

Leave a Comment

Your email address will not be published. Required fields are marked *