What Is the Illinois State Tax Rate for 2024?

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Illinois Tax Information

  • The Illinois income tax rate is 4.95% as of 2024 for all income.

Estimating Illinois Tax

  • You can estimate your 2024 Illinois tax by selecting the tax year, filing status, income, and expenses.
  • Enter details into the income, expenses, tax status tabs for a detailed 2024 Illinois tax calculation including local taxes.

Tax Rates Comparison

  • New Jersey has the highest 2024 property tax rate in the U.S. at 2.47%.
  • Hawaii has the lowest 2024 property tax rate at 0.28%.
  • Alabama follows at 0.41%, then Colorado at 0.51%.

Additional Information

  • Strategic use of deductions and credits can lead to substantial tax savings.
  • Rates range from 0-4.75% for local sales taxes in Illinois.
  • The average Illinois Property Tax rate is 2.32% in 2021.

Taxes in 2024

  • Illinois has a flat income tax rate of 4.95% without any higher tax brackets for those who earn greater incomes.
  • Taxpayers were required to submit their 2022 state income taxes on or before April 18, 2023, and the rate remains the same for 2024.

State Tax Resources

  • Register for a NerdWallet account for access to a tax product powered by Column Tax.

State Tax Tables

  • The Illinois State Tax Tables for 2024 displayed on this page are provided in support of the 2024 US Tax Calculator.

Tax Changing Trends

  • The nonprofit Tax Foundation reported that 34 states will start 2024 with tax changes, including 17 states that will cut either individual or corporate income taxes, or both.

State Tax Calculator Update

  • The Illinois State Tax calculator is updated to include the latest State tax rates for 2024/2025 tax year.

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