Skip to content

Illinois Exemption Allowance 2025

Illinois Exemption Allowance 2025. The proposition would result in increase of its exemption allowance to $2,550 for tax year 2024, according to the budget. If your federal filing status is single, head of household, married filing separately, or widowed and your federal agi is greater than $250,000, you are not entitled to an exemption allowance on line 10.


Illinois Exemption Allowance 2025

The budget increases the state tax exemption allowance to $2,550 which could result in an increase in tax bills for state residents because of increases to their taxable income. The publication outlines the exemption allowance amounts and conditions, including an additional $1000 for those 65 or older and restrictions for taxpayers with federal.

Illinois Exemption Allowance 2025 Images References :

โžœ