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What is an Illinois withholding exemption?

 
 
Answer #125 -- ( Published 08/05/2005 11:17 AM | Updated 08/08/2012 10:00 AM )

What is an Illinois withholding exemption?

An Illinois withholding exemption is the portion of your payments on which you do not withhold Illinois Income Tax. This amount is calculated based on the number of allowances claimed on Form IL-W-4, Employee’s Illinois Withholding Allowance Certificate.

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