Assuming that you have a question about state tax exemptions for Illinois:
The standard personal exemption is calculated using the basic exemption amount of $2,050 plus the cost-of-living adjus...
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Assuming that you have a question about state tax exemptions for Illinois:
The standard personal exemption is calculated using the basic exemption amount of $2,050 plus the cost-of-living adjustment. See this Illinois webpage for more information.
For tax year beginning January 1, 2025, it is $2,850 per exemption. If someone else can claim you as a dependent and your Illinois income is $2,850 or less, your exemption allowance is $2,850. If income is greater than $2,850, your exemption allowance is 0.
For tax year beginning January 1, 2026, it is $2,925 per exemption. If someone else can claim you as a dependent and your Illinois base income is $2,925 or less, your exemption allowance is $2,925. If income is greater than $2,925, your exemption allowance is 0.
For prior tax years, see Form IL-1040 instructions for that year.
If you (or your spouse if married filing jointly) were 65 or older and/or legally blind, the exemption allowance is an additional $1,000, whichever is applicable. (If you turned 65 at any point during the tax year, you may claim this exemption.) Please see the IL-1040 instructions for additional information.
Note: The Illinois exemption allowance is not allowed if a taxpayer’s federal adjusted gross income (AGI) exceeds $500,000 for returns with a federal filing status of married filing jointly, or $250,000 for all other returns.
TurboTax will calculate any personal exemptions allowable on your Illinois state return, based on information you entered in the My Info / Personal Info section of the Federal return plus any additional questions in the Illinois interview, along with your income.
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