Every year, between the first January payroll and the last March payroll, schools in Illinois with “taxable” status for unemployment must update their IDES rate so that the correct amount of unemployment will be calculated with the quarterly IDES payment. While you have between January 1st and last March payroll to make this rate update, it is a good habit to simply update your IDES rate for the current year before your first January payroll.
If your taxable status is “Non Taxable” for unemployment insurance, your rate is zero and does not need updated, unless your school district changed this quarter from taxable to non-taxable.
Determine your taxable status
Find your new rate
Update IDES rate in SchoolInsight
Determine your taxable status
If you are unsure whether your school has a “taxable” status you can log in to MyTaxIL’s Summary tab and find this information.
- Log in into MyTaxIL
-
From the Summary tab your taxable status is listed under Unemployment Insurance
Find your new rate
New IDES rates are usually announced in early December and can be found on the Summary tab of the MyTaxIL website.
To find IDES Final Rate information:
- Log in to MyTaxIL
- Click on the Summary tab
- Click on View all account options from the blue menu links under Unemployment insurance
- Scroll down to the Other Options box
- Click on View Rate History
- Your rate for the calendar year will be listed on the screen
- A printable letter is available with the View Rate Notice link
Update IDES rate in SchoolInsight
Once you know the new rate, and after your December payroll runs are finished, but before your last March payroll, you will need to edit the IDES rate. Failure to update the IDES rate in correct financial year will result in incorrect data on the quarterly IDES.
To update your IDES rate:
- Go to Financials Main > Payroll > Tax Forms
- Set Type field to IDES Quarterly Report (UI 3/40)
- Confirm that you are in the correct calendar year in the upper right hand corner
- Edit the Contribution Rate field to new IDES rate
- Click Preview to make new IDES rate save