2010 TaxGrams™
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State and Local Taxes
Illinois State Tax Summary

Illinois state tax summary, including corporate and individual Illinois income taxes, credits, exemptions, deductions and more. Includes Illinois estate, gift and inheritance tax, miscellaneous Illinois taxes, pass-through entity treatment, payroll taxes, property taxes and Illinois sales & use taxes.

Illinois ranks #30 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth Illinois Taxes

Illinois Tax Contacts

Illinois Tax FAQs

Illinois Tax Forms

Illinois Corporate Taxes

  • taxmOuth Illinois Corporate Taxes
  • Illinois Tax Rates & Brackets:

    7.3%> $0
  • Loss Carry-back/fwd: 0 Years Back / 12 Years Forward (Unlimited)
  • Throwback Sales?: Y
  • Foreign Tax Deductible?: Y
  • Alternative Minimum Tax (AMT): N
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: 0.100% ($2,000,000 max.)

Illinois Tax Incentives and Credits

Illinois Individual Income Taxes

  • taxmOuth Illinois Individual Income Taxes
  • Illinois tax rates and brackets:

    3% of Federal AGI (with adjustments)
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: Single N/A / Joint N/A
  • Personal Exemptions/Credits (c): Single $2,000 / Joint $4,000 / Dependent $2,000
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: N

Illinois Estate, Gift and Inheritance Taxes

Illinois Miscellaneous Taxes

Illinois Pass-through Tax Treatment

Illinois Payroll Taxes

Illinois Property Taxes

  • taxmOuth Illinois Property Taxes
  • Median Tax Paid on Homes (Rank): $3,384 (#7)
  • Median Value of Homes: $214,900
  • Tax as % of Home Value (Rank): 1.57% (#6)
  • Median Income of Homeowner: $70,341
  • Tax as % of Income (Rank): 4.81% (#5)

Illinois Sales and Use Taxes

  • taxmOuth Illinois Sales and Use Taxes
  • State Rate: 6.25%
  • County & City (Weighted Ave): 2.15%
  • Combined State and Ave. Local Rates (Rank): 8.40% (#6)
  • General Treatment of Services: Exempt
  • Gasoline: Taxable
  • Groceries: Partial

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