Illinois Payment Coupon and Instructions

Payment Coupon and Instructions
2024 IL-501, Payment Coupon and Instructions
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Illinois Department of Revenue

2024

IL-501 Payment Coupon and Instructions
This form is for limited use only

Most withholding payments should be made electronically or with preprinted, personalized forms — not the form below.

For your payment to be applied quickly and accurately to your account, either
•
•

electronically pay on our website at mytax.illinois.gov, or
order personalized, preprinted forms by calling us at the numbers listed below.

Who should use this payment
coupon?

Use this payment coupon to pay the Illinois
Income Tax you withheld if
• you are a NEW business and have not
received your registration information from
us yet; or
• you are an existing business and
1) cannot electronically pay (see “May
I pay electronically?”); or
2) do not use a tax professional or tax
prep software; or
3) have ordered but not yet received
personalized payment coupons
from us.

Tax Payment and Filing Requirements, for
more information. Do not make a payment
or submit an IL-501 Payment Coupon if no
Illinois income tax was withheld.
When is income tax considered withheld?
In Illinois, income tax is considered withheld
on the date you pay your employees or
others.  This is important to determine when
your payment is due. Do not estimate your
withholding income tax.

financial institution to transfer funds from 	
your account to ours.
		ACH debit telephone option — you
instruct us to debit the payment from 	
your account.  
For	more	information	regarding	our	
electronic	options,	visit	our	website	at	
tax.illinois.gov,	call	217 782-6257, or	email	
us	at	[email protected].

How much should I pay?

To	avoid	penalties,	all	tax	withheld	must	be	
paid	by	each	payment	due	date.	You	must		
provide	payroll	information	on	Form	IL-941	to	
verify	your	pay	dates.	
You	will	owe	a	late-payment penalty	if	you	
are	required	to	make	monthly	or	semi-weekly	
tax	payments	and	do	not	pay	the	required	
amounts	by	the	payment	due	dates.	
A bad check penalty	of	$25	will	be	assessed	
if	you	send	a	remittance	that	is	not	honored	
by	your	financial	institution.	This	penalty	will	
be	assessed	in	addition	to	any	other	penalty.	
For	more	information	about	penalties	and	
interest,	see	Publication	103,	Penalties	and	
Interest	for	Illinois	Taxes.

The amount you pay is dependent upon the
amount you withhold from your payee (refer
to Booklet IL-700-T, Illinois Withholding Tax
Tables) minus any credit amounts received
from the Illinois Department of Commerce and
Economic Opportunity (DCEO) or the Illinois
Department of Revenue (IDOR).

When are my payments due?

Important:  If you have been notified that you
are required to make semi-weekly payments,
you must make your payments electronically.
Most taxpayers who use payment coupons  
are considered monthly payers. Monthly
payers must pay by the 15th day of each
month for amounts withheld the preceding
month. You may pay more frequently using
one of our electronic methods or preprinted
payment coupons. Do not use your return,
Form IL-941, Illinois Withholding Income Tax
Return, to pay more frequently.
If you exceed $12,000 in withholding
during a quarter, you must begin using
the semi-weekly payment schedule for the
following quarter, the remainder of the year,
and the subsequent year. In addition, you
must make your payments electronically.
See Publication 131, Withholding Income

May I pay electronically?

Yes. We encourage you to pay electronically.
• MyTax Illinois on	our	website	at
mytax.illinois.gov offers	an	easy,
convenient,	and	fast	way	to	submit
payments	at	any	time.	You	can	schedule
the	dollar	amount,	debit	date,	and	tax
period.	No	software	is	required	and	it	is
available	24	hours	a	day,	7	days	a	week.
• Federal State Employment Tax (FSET)
program	allows	you	to	directly	debit	your
account.
• Other electronic options	(You	must
complete	Form	EFT-1,	Authorization
Agreement	for	Certain	Electronic
Payments.):
ACH credit — you instruct your
          Printed by the authority of the state of Illinois - web only, 1 copy.

IL-501 Front  (R-12/23)

What penalties may be assessed?

What if I need additional assistance?

• Visit our website at tax.illinois.gov
• Write to us at
ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19044
SPRINGFIELD IL 62794-9044
• Call our Taxpayer Assistance Division at
1 800 732-8866 or 217 782-3336 or TTY at
1 800 544-5304
• Visit an IDOR regional office. See website
for locations and office hours.

Illinois Department of Revenue

Check the box to tell us the quarter that includes the month when you withheld the
withholding income tax you are paying. Check one box only.  Make sure to report all Form
IL-501 payments on Form IL-941, Step 5, Line 4, for the corresponding quarter.

IL-501

1	

Payment Coupon
Complete the following information.	

2024
Tax year

___ ___ - ___ ___ ___ ___ ___ ___ ___	 0___0___0___
Federal employer identification number 	

Seq. number	

_______________________________________________

2	
Jan
Feb
Mar

3		
Apr
May
Jun

4	
Jul
Aug
Sep

Oct
Nov
Dec

$ ___________________.____

Business name

Amount paid:

_______________________________________________

• Make check payable to “Illinois Department of Revenue” and write your
FEIN and “IL-501” on the check.
• Mail to:
ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19447
SPRINGFIELD IL 62794-9447
NOTE: Do not mail Form IL-501 if you electronically pay or are reporting a zero amount.

Number and street address

_______________________________________________
City	

State	

ZIP

(_______)_______________________________________	
(Daytime phone)

*71112241W*

IL-501 (R-12/23)

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