Illinois’ Hiked Income Tax is About to Affect Your Paycheck…If it Hasn’t Already
Well, it's finally happening. We knew it was coming, we just didn't realize it would happen so quickly.
The state of Illinois is not messing around with this income tax hike; and if you got paid today, you're probably already noticing a difference in pay. Was your check a little smaller?
According to Fox 32 Chicago, you're in good company because Illinoisans are already seeing a considerable difference. To put it in dollar amounts, Fox says a household with an annual income will have to pay an extra $50 a month to the state.
How much extra are you paying now? If you need some help figuring it out, you can use this tax hike calculator. It's easy to use; just answer a few simple questions and within a few seconds you'll find out how much money you won't have for happy hour today....or ever.
I, personally, did not get paid today so I can't wait to see how much smaller my check is going to be. Wait...yes I can.
If you did get paid today, how much (and you don't have to share) did the state take from you?