Illinois Tax Rate
While federal tax rates apply to every taxpayer, state income tax rates vary by state. Some states have a flat tax rate, marginal tax rate, or don’t have any state taxes at all. Illinois taxes your income earned while living in Illinois or earned in the state each year.
Read on to learn more about the Illinois income tax rates…
What is the Illinois Income Tax Rate?
The Illinois income tax rate is 4.95%. Flat tax makes for simplified a tax filing Illinois residents don’t have to figure out complicated state tax tables. Conversely, the flat rate has a negative. Low wage earners can expect to pay more in Illinois than in many other states that have a progressive income tax.
More Guidance on the Illinois State Income Tax Rate
While figuring out your Illinois state income tax rate may be straightforward, not everything tax-wise is.
Because of this H&R Block can help with H&R Block Virtual! With this service, we’ll match you with a tax pro with Illinois tax expertise. Then, you will upload your tax documents, and our tax pros will do the rest! We can help with your IL taxes, including federal deductions for paying state taxes.
Prefer a different way to file? No problem – you can find Illinois state tax expertise with all of our ways to file taxes.
Can you split donations with your spouse if you itemize deductions and file married filing separately? Learn more from the tax experts at H&R Block.
Since the Division of Marriage Act (DOMA) passed, there are some tax updates for same-sex couples. Learn more with the experts at H&R Block.
If you have a new baby, are you eligible for a tax credit? Learn more from the tax experts at H&R Block.
Want to know more about NJ property tax rates? Read on to learn who owes NJ real property taxes, how to pay, and when to pay.