Illinois Paycheck Calculator

Calculate your take home pay after federal & Illinois taxes

Last updated on Jul 16 2021

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Illinois state income tax

Illinois is the fifth most populous US state with a population of just under 13 million (2019). Chicago is its most famous city with 65% of the state’s population living in Chicago’s metropolitan area. The median household income is $62,992 (2017).

Brief summary:

• the income tax is a flat rate of 4.95%
• no state-level payroll tax
• has state-level exemptions
• has a Earned Income Tax Credit (EITC)

From Wikipedia

Illinois fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.

Calculating your Illinois state income tax is similar to the steps we listed on our Federal paycheck calculator:

1. figure out your filing status
2. work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
3. calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
4. understand your tax liability [Taxable income × Tax rate = Tax liability]
5. determine whether your tax liability is more than your tax credits and withheld
   • Tax liability – (Credits + Withheld) = What you owe or
   • (Credits + Withheld) – Tax liability = Tax refunds

State payroll tax

There is no state-level payroll tax.

Income tax brackets

Deductions

There is no state-level standard deductions.

Exemptions

There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.

Earned Income Tax Credit (EITC)

Child Tax Credit (CTC)

There is no state-level CTC.

FAQs