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Households reporting incomes up to $21,800, the bottom fifth, pay 14.4 percent of their total income in state and local taxes. Those making between $21,800 and $231,500 in Illinois pay between 11 ...
For the 2023 tax year, the standard deduction, adjusted for inflation, is $13,850 for single filers and married people filing separately, $27,700 for married couples filing jointly and surviving ...
As of March 31, the IRS had paid out $183.130 billion in refunds for tax year 2022. That’s down 10.4 percent from last year’s total of $204.405 billion. The amount paid out per taxpayer is ...
The Illinois Department of Revenue has increased in size in line with the creation of new taxes within the state and the expansion of existing taxes. A gasoline tax was enacted in Illinois in 1927, the sales tax was enacted in 1933; the state income tax was enacted in 1969, and the first lottery tickets were sold in 1974 in the state capital of ...
If you’re an Illinois resident or business owner, you have until April 18, 2023, to file your Illinois state income taxes. If you’re expecting a refund this year, this quick guide explains how ...
State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the state level.
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