Income tax increase could arrive quickly

When the increase takes effect depends on your employer

SPRINGFIELD, Illinois - You could soon see some reductions in your paycheck in the next few weeks.  

That's because the Department of Revenue sent out reminders and guidelines on the income tax increase lawmakers passed last week.

When the increase takes effect depends on your employer.

The Department of Revenue says most employers will comply quickly.

Some businesses are already getting their papers in order.

"It is going to impact everyone's daily lives whether you're a business owner or you receive a paycheck or you're an outside contractor that's going to have an impact on you," Mark Forinash, owner of Cafe Moxo in Springfield.

The department has several forms and guidelines on its website.

 


More Stories

Don't Miss

Trending Stories

Latest News

Video Center