Illinois State Tax Information


Illinois Minimum Wages
Effective 01/01/24
Minimum Wage:$14.00
Minimum Cash Wage (Tipped Employee):$8.40
Maximum Tip Credit:$5.60
Youth Minimum Wage (more tan 650 hours):$14.00

Illinois State Income Tax
Wage Withholding:4.95%
Supplemental Wage/Bonus Rate:4.95%

Illinois Unemployment Insurance
Maximum 2024 Taxable Earnings:$13,590
(Decreased from $13,271 in 2023)
Employee Deduction:None
Employer 2024 Tax Rates:0.850 - 8.650%
(includes 0.55% fund building surtax)
Standard 2024 New Employer Rate:3.95%
(Includes 0.55% fund-building surtax)
Voluntary Contribution Permitted:No

Illinois Disability Insurance
Employee Deduction:None

Illinois State Agencies web sites: