In Illinois, thousands of households are unaware that the government owes them money. The Earned Income Tax Credit and Child ...

Marginal tax rate 4.95% Effective tax rate 4.75% Illinois state tax $3,328 Gross income $70,000 Total income tax -$13,780 After-Tax Income $56,220 ...

Illinois previously offered a holiday, reducing its state sales tax on back-to-school items from 6.25% to 1.25% as recently as 2022. But will they do it again in 2025?

Lake County has the highest median property taxes paid at $8,609, according to 2022 data from the Tax Foundation, while Pulaski County near the Kentucky border has the lowest at $694.

ILLINOIS, USA — The IRS announced Friday that most relief checks issued by states last year aren’t subject to federal taxes, providing 11th hour guidance as tax returns start to pour in.

Standard Deduction$0 Federal income tax$13,753 State taxes Marginal tax rate4.95% Effective tax rate 4.79% Illinois state tax$4,070 Gross income$85,000 Total income tax-$17,823 After-Tax Income$67,177 ...