Illinois State Tax Deductions - 2012, 2013
2013 Illinois Income Tax Deductions
|Illinois Standard Deduction|
|Illinois Personal Exemption|
|Illinois Dependent Deduction|
Illinois income tax deductions are above-the-line expenses that can be deducted from your gross income before you calculate your taxable income.
Illinois does not support all of the deductions that are allowed on your Federal income tax return, so be sure to double-check any deductions or tax credits you want to claim on your Illinois return. Some states specifically eliminate deductions to reduce the complexity of their tax system. For more information about the Illinois income tax, see the main Illinois income tax page.
Illinois Standard Deduction
Unlike many other states, Illinois has no standard deduction. Certain itemized deductions (including property tax, qualified charitable contributions, etc) may be allowed depending on the income level and filing type of the taxpayer. Keep in mind that not all deductions allowed on your federal income tax return are necessarily going to be allowed on your Illinois income tax return.
Illinois Personal Exemption
Illinois' personal income tax exemptions include a personal exemption of $2,000.00 for single individuals and $2,000.00 for couples filing jointly.
You can deduct one single exemption from your gross income if you are responsible for supporting yourself financially. You may not, however, claim a personal exemption if someone else has declared you as a dependent on their tax return.
Illinois Dependent Deduction
Illinois has a dependent exemption of $2,000.00. You may claim one dependent examption for each of the children, relatives, or others who live with and are supported by you as described § 152 of the IRC (Internal Revenue Code). Children claimed as dependants must be age 18 or younger, or a student age 23 or younger § 152(c)(3).
Illinois Itemized Deductions
Illinois does not allow deductions to be itemized by any taxpayer. While you cannot use any of your Federal itemizations in Illinois, there may be state-specific credits or deductions that parallel some of your deferal itemized deductions.
|Illinois Income Tax Deductions Table|
- Before information on the 2013 Illinois income tax deductions are released, provisional 2013 deduction information is based on Illinois' 2012 tax deduction policy.
- The 2013 Illinois standard deductions, personal exemptions, and dependent deduction amounts are sourced from the Illinois Department of Revenue .
- Information on Illinois' itemized deduction policy is updated from the Illinois Department of Revenue and the Internal Revenue Service.