Illinois Personal Exemption 2025. The personal exemption, which is supported by the illinois income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living. Pritzker’s recently proposed cut to the state standard income tax exemption in his fiscal year 2025 budget would reduce the deduction for qualifying households from $2,775 per.
Illinois’ personal exemption had been adjusted annually for inflation since 2013, but the fy 2024 budget suspended the 2023 adjustment, keeping the exemption at its 2022 level of. The personal exemption, which is supported by the illinois income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living.
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