Illinois Salary & Paycheck Calculators
Updated October 2024Illinois employs a flat income tax system with a single rate of 4.95%, which can significantly impact your net income. While simpler than some other states' graduated systems, Illinois' tax code includes various deductions and credits that affect your paycheck.
Illinois Income Tax Highlights
- 4.95% flat rate on all taxable income for individuals and joint filers
Illinois Calculators & Tools
Calculate Your Take-Home Pay
Input your income details and see how much you make after taxes and deductions.
Bonus Calculators
Find out how much your bonus will be taxed.
Net-to-Gross
Find out how much your gross pay should be for a specific take-home pay.
Withholding Forms
Key Points to remember about the Illinois Paycheck Structure
- Flat tax rate simplifies calculations
- No standard deduction or personal exemption at the state level
- Various tax credits available, including property tax and earned income credits
- Some municipalities impose additional local income taxes
- Illinois does not tax retirement income, including pensions, Social Security, and IRAs
Understanding these aspects of Illinois' tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the Prairie State. While the flat tax rate makes basic calculations straightforward, it's important to consider local taxes and available credits that can impact your overall tax liability.
Learn more about the Payroll Process in Illinois
Visit the Illinois Payroll Guide page
Fun Facts
Home to Chicago, the third-largest city in the U.S., Illinois is known for its rich history and cultural impact. The state played a significant role in the nation's industrial development and is also famous for its architecture. Illinois is the birthplace of Abraham Lincoln.
