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Illinois has a flat income tax that features a 4.95% rate. This means that no matter how much money you make, you pay that same rate. Sales and ...
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Corporations – 7 percent of net income; Trusts and estates – 4.95 percent of net income. BIT prior year rates. Individual Income Tax, Effective July 1, 2017:.
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Illinois also has a 9.50 percent corporate income tax rate. Illinois has a 6.25 percent state sales tax rate, a 4.75 percent max local sales tax rate, and an ...
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... Income Tax. The income tax rate is 4.95 percent and the exemption allowance is $2,775. You may use the tax tables in this booklet to determine how much tax ...
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The Illinois income tax rate is a flat 4.95%. Unlike the federal government and many other states, Illinois does not have tax brackets that ...
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Illinois has a flat income tax of 4.95%, which means everyone's income in Illinois is taxed at the same rate by the state. No Illinois cities charge a local ...
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