Illinois Withholding Income Tax Credits (Instructions)
Extracted from PDF file 2023-illinois-form-schedule-wc-and-instructions.pdf, last modified February 2023Withholding Income Tax Credits (Instructions)
Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. Illinois Department of Revenue *72112231W* 2023 Schedule WC Withholding Income Tax Credits Attach to your Form IL-941 or IL-941-X ___________________________________________________ Enter your name as shown on your return. – Enter your federal employer identification number (FEIN). Read this information before completing this form: Important information about the Organ Donation Credit: I understand that by claiming the Organ Donation Credit and signing Form IL-941, I am certifying, as the employer, that • a policy is in place which allows all employees the option of taking a paid leave of absence from work for at least 30 days to serve as an organ or bone marrow donor, • each employee for which a credit is claimed took organ or bone marrow donation leave after the policy became effective, • each employee for which a credit is claimed provided documentation from a medical provider that an organ or bone marrow donation procedure occurred and agreed to allow, if needed, for the applicable medical records to be disclosed to the Illinois Department of Revenue (IDOR), and • I will maintain the associated employee medical records as required by IDOR. Refer to Schedule WC-I, Withholding Income Tax Credits Information, and Schedule WC Instructions, for additional information on how to complete this schedule. All figures should be rounded to whole dollars. Figure your withholding income tax credit - All credits being claimed or established must be listed even if they are not being used in the current quarter. Enter your credits in the lines below. A B C Years Left Credit Quarter Ending to Carry Code Credit Earned D E F Credit Earned Credit Carried Total Credit 1 ______ ______ _______ ____________ _____________ _____________ 2 ______ ______ _______ _____________ _____________ _____________ 3 ______ ______ _______ _____________ _____________ _____________ 4 ______ ______ _______ ______________ _____________ _____________ 5 Add Column F, Lines 1 through 4. This is your total available credit. 5 __________________ 6 Enter the total tax amount from Form IL-941, Step 4, Line 2, or Form IL-941-X, Step 4, Line 2. 6 __________________ 7 Compare Lines 5 and 6, and enter the lesser amount here. This is the amount available as credit for this reporting period. Enter this amount on Form IL-941, Step 5, Line 3, or on 7 __________________ Form IL-941-X, Step 5, Line 5. Printed by the authority of the state of Illinois - web only, 1 copy Schedule WC (R-12/22) This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide information could result in a penalty. Reset Print
2023 Schedule WC, Withholding Income Tax Credits
More about the Illinois Form Schedule WC (and instructions) Individual Income Tax TY 2023
Instructions for Withholding Income Tax Credits
We last updated the Withholding Income Tax Credits (Instructions) in January 2024, so this is the latest version of Form Schedule WC (and instructions), fully updated for tax year 2023. You can download or print current or past-year PDFs of Form Schedule WC (and instructions) directly from TaxFormFinder. You can print other Illinois tax forms here.
Related Illinois Individual Income Tax Forms:
TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Illinois Form Schedule WC (and instructions).
Form Code | Form Name |
---|---|
Form Schedule WC | Withholding Income Tax Credits |
Form Schedule WC-I | Withholding Income Tax Credits Information and Worksheets |
View all 76 Illinois Income Tax Forms
Form Sources:
Illinois usually releases forms for the current tax year between January and April. We last updated Illinois Form Schedule WC (and instructions) from the Department of Revenue in January 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Illinois Form Schedule WC (and instructions)
We have a total of two past-year versions of Form Schedule WC (and instructions) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule WC, Withholding Income Tax Credits
2022 Schedule WC - Withholding Income Tax Credits
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