tax bracket illinois

Whether you work in Chicago, Rockford, or somewhere else, let’s take a look at how getting paid works here. Illinois applies per-gallon alcohol excise taxes based on the alcohol content of the beverage being sold. Beer will generally be subject to a rate of 29 cents per gallon while liquor is subject to a rate of $8.55 per gallon.

Find our Illinois tax rate calculations above on this page for more information. The actual amount of income tax you will pay in the state of Illinois will vary. Illinois, as with other states, often allow taxpayers to make additions and subtractions to their federal taxable income. Many states also offer credits for families with children, charitable contributions, and environmental initiatives, for example.

IRS announces new tax brackets for 2024. What does that mean for you?

The state of Illinois collects 39.2 cents for every gallon of regular gasoline. The diesel tax rate is also quite high at 46.7 cents per gallon. The telecommunications tax is a tax on services including home phone lines, cell phones, television service and internet. It varies by location, but is generally about 7% of the price of service.

This allows non-residents to avoid paying double taxes on their wages. As far as local income taxes, there aren’t any, so as far as taxes go, you only have to worry about federal and state ones on illinois income tax your income. Still need to prepare and file an IL return for a previous Tax Year? You can complete and sign the forms here on before you mail them to the Illinois Department of Taxation.

Illinois Sales Tax

This page shows’s archived Illinois tax brackets for tax year 2022. This means that these brackets applied to all income earned in 2022, and the tax return that uses these tax rates was due in April 2023. The state income tax rate in Illinois is under 5% while federal income tax rates range from 10% to 37% depending on your income. This paycheck calculator can help estimate your take home pay and your average income tax rate.

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