{"id":5847,"date":"2022-11-09T06:21:25","date_gmt":"2022-11-09T06:21:25","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?page_id=5847"},"modified":"2022-12-02T03:30:48","modified_gmt":"2022-12-02T03:30:48","slug":"illinois-tax-calculator-tax-rates-2022-2023","status":"publish","type":"page","link":"https:\/\/www.irstaxapp.com\/all-about-usa-state-and-local-taxes\/illinois-tax-calculator-tax-rates-2022-2023\/","title":{"rendered":"Illinois tax calculator with tax rates"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><picture><source srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-1024x576.webp 1024w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-300x169.webp 300w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-768x432.webp 768w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-150x84.webp 150w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-750x422.webp 750w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-1140x641.webp 1140w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-1024x576.png\" height=\"576\" width=\"1024\" srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-1024x576.png 1024w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-300x169.png 300w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-768x432.png 768w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-150x84.png 150w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-750x422.png 750w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator-1140x641.png 1140w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/illinois-income-tax-calculator.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"wp-image-5845 sp-no-webp\" alt=\"illinois tax calculator\" decoding=\"async\" loading=\"lazy\"  > <\/picture><\/figure>\n\n\n\n<p>The <strong>Illinois tax calculator<\/strong> is a quick tool to estimate your income tax liability in Illinois. It computes the Federal tax liability and how much of Illinois state tax liability is in the year 2022. This page also provides Illinois income tax rates, Illinois sales tax rates and property tax rates.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-663b78b38b760\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-663b78b38b760\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.irstaxapp.com\/all-about-usa-state-and-local-taxes\/illinois-tax-calculator-tax-rates-2022-2023\/#Illinois_tax_Calculator_2022\" title=\"Illinois tax Calculator 2022\">Illinois tax Calculator 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.irstaxapp.com\/all-about-usa-state-and-local-taxes\/illinois-tax-calculator-tax-rates-2022-2023\/#Illinois_tax_calculator_Income_Tax_Rate_2022\" title=\"Illinois tax calculator:  Income Tax Rate 2022\">Illinois tax calculator:  Income Tax Rate 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.irstaxapp.com\/all-about-usa-state-and-local-taxes\/illinois-tax-calculator-tax-rates-2022-2023\/#Illinois_Personal_Property_Replacement_Tax\" title=\"Illinois Personal Property Replacement Tax\">Illinois Personal Property Replacement Tax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.irstaxapp.com\/all-about-usa-state-and-local-taxes\/illinois-tax-calculator-tax-rates-2022-2023\/#Illinois_Tax_Credits\" title=\"Illinois Tax Credits\">Illinois Tax Credits<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Illinois_tax_Calculator_2022\"><\/span>Illinois tax Calculator 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/gsheetpress.com\/calculator?id=1667966574177\" name=\"calculator\" frameborder=\"no\" width=\"850px\" height=\"1300px\" align=\"center\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Illinois_tax_calculator_Income_Tax_Rate_2022\"><\/span>Illinois tax calculator:  Income Tax Rate 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The personal income tax rate in the state of Illinois is 4.95%. Illinois does not tax either retirement and Social Security income, as well as distributions from a&nbsp;<a href=\"https:\/\/www.sec.gov\/reportspubs\/investor-publications\/investorpubsintro529htm.html\" target=\"_blank\" rel=\"noopener\">529 college savings plan<\/a>. So, you pay the <a href=\"https:\/\/www.irstaxapp.com\/2020-self-employment-tax-calculator\/\">Federal social security tax<\/a> only and not the state tax on social security benefits.<\/p>\n\n\n\n<p class=\"has-background has-medium-font-size\" style=\"background-color:#feeec2\"><strong>The Illinois  business tax rate for corporations<\/strong> is 7% whereas for trusts and estates is the same as the personal income tax rate i.e,<strong> 4.95%<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Illinois_Personal_Property_Replacement_Tax\"><\/span>Illinois Personal Property Replacement Tax<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The state of Illinois imposes a personal property replacement tax on all corporations, partnerships, trusts, S corporations and public utilities to pay this tax that actually go to counties..<\/p>\n\n\n\n<figure class=\"wp-block-table has-medium-font-size\"><table class=\"has-black-color has-text-color has-background\" style=\"background-color:#dbf1ff\"><tbody><tr><td><strong>Corporations \u2013 (other than S corporations)<\/strong><\/td><td><strong>Partnerships, trusts, and S corporations<\/strong><\/td><td><strong>Public utilities<\/strong><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>2.5 % of net income<\/strong><\/mark><\/td><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">2.5% of net income<\/mark><\/strong><\/td><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">&nbsp;0.8 % tax on invested capital.<\/mark><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Illinois Due date for paying tax &amp; filing a tax return <\/h3>\n\n\n\n<p>The due date for filing tax return in the state of Illinois for PPRT is as under<\/p>\n\n\n\n<figure class=\"wp-block-table has-medium-font-size\"><table class=\"has-black-color has-text-color has-background\" style=\"background-color:#dbf1ff\"><tbody><tr><td><strong>Type of Entity<\/strong><\/td><td><strong>Due Dates<\/strong><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Corporate<\/strong><\/mark><\/td><td>15<sup>th<\/sup>\u00a0day of the 3<sup>rd<\/sup>\u00a0or 4<sup>th<\/sup>\u00a0month, depending on the tax year end date of the corporation filing the return<\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">Partnerships and trusts <\/mark><\/strong><\/td><td>15<sup>th<\/sup>&nbsp;day of the 4<sup>th<\/sup>&nbsp;month following the end of their tax year.&nbsp;<\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">S-corporations<\/mark><\/strong><\/td><td>15<sup>th<\/sup>&nbsp;day of the 3<sup>rd<\/sup>&nbsp;month following the end of their tax year<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<ul><li>Corporate income tax due dates are generally the 15<sup>th<\/sup>\u00a0day of the 3<sup>rd<\/sup>\u00a0or 4<sup>th<\/sup>\u00a0month, depending on the tax year-end date of the corporation filing the return.\u00a0<\/li><li>Tax returns for partnerships and trusts generally have a due date of the 15<sup>th<\/sup>\u00a0day of the 4<sup>th<\/sup>\u00a0month following the end of their tax year.\u00a0<\/li><li>Tax returns for S-corporations generally have a due date of the 15<sup>th<\/sup>\u00a0day of the 3<sup>rd<\/sup>\u00a0month following the end of their tax year.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Illinois_Tax_Credits\"><\/span><strong>Illinois Tax Credits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Earned Income Tax Credit by the state of Illinois is currently <strong>18% of the federal<\/strong> EITC. Illinois also provides the <strong>Education Expense Credit <\/strong>to parents who spent over $250 on eligible K-12 education expenses.<\/p>\n\n\n\n<p>Apart from these two, the state of Illinois also provides several other tax credits that considerably reduce a taxpayer\u2019s total tax bill. For example, the Illinois Property Tax Credit is equal to 5% of Illinois property tax paid on a principal residence.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/\">Earned Income Tax Credit<\/a> is currently 18% of the federal credit by the same name. The Education Expense Credit provides a credit to parents who spent over $250 on eligible K-12 education expenses.<\/p>\n\n\n\n<p>If you like <em><strong>income tax calculator Illinois<\/strong><\/em> , explore other tax calculators we published for other US states as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Illinois tax calculator is a quick tool to estimate your income tax liability in Illinois. It computes the Federal tax liability and how much of Illinois state tax liability is in the year 2022. This page also provides Illinois income tax rates, Illinois sales tax rates and property tax rates. Illinois tax Calculator 2022 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5845,"parent":2392,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages\/5847"}],"collection":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/comments?post=5847"}],"version-history":[{"count":7,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages\/5847\/revisions"}],"predecessor-version":[{"id":6190,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages\/5847\/revisions\/6190"}],"up":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages\/2392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media\/5845"}],"wp:attachment":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media?parent=5847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}