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1. illinoisattorneygeneral.gov › estate-taxes › 20132013-2022 Estate Calculator - Illinois Attorney General

   illinoisattorneygeneral.gov › estate-taxes › 2013

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   Estate Taxes. Translate Website. 2013-2024 Decedents Estate Tax Calculator. Illinois Tentative Taxable Estate. Illinois Tentative Taxable Estate. Plus Adjusted Taxable Gifts.

2. illinoisattorneygeneral.gov › Page-Attachments2022 Important Notice Regarding Illinois Estate Tax and Fact ...

   illinoisattorneygeneral.gov › Page-Attachments

   2022 Important Notice Regarding Illinois Estate Tax and Fact Sheet. For decedents dying prior to 2022, see the Instruction Fact Sheets previously posted on the Attorney General’s website covering the specific year of death. For persons dying in 2022, the Federal exemption for Federal estate tax purposes is $12,060,000.

3. estatecpa.com › illinois-estate-tax-the-complete-guideIllinois Estate Tax: The Guide to Rates, Limits & Exemptions

   estatecpa.com › illinois-estate-tax-the-complete-guide

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   • Does Illinois Have Portability?
   • Federal Estate Tax
   • Illinois Inheritance and Gift Tax

   Unfortunately, the Illinois estate tax is not portable between a married couple. When one spouse passes away and the estate goes to the surviving spouse, there is no estate tax. However, upon the death of the surviving spouse, the estate can only use one estate exemption.

   See full list on estatecpa.com

   The estate tax is commonly known as the death tax. I think you understand why. Of course, it’s not a very well liked or even understood tax. Fortunately, most people in America won’t have a problem with it. When you factor in the estate exemption amount, the estate tax will only affect less than 1% of all taxpayers. Even though it is unlikely to af...

   See full list on estatecpa.com

   Illinois does not have an inheritance tax nor does it have a gift tax. However, other states have inheritance tax that could apply to Illinois residents. For example, some states will levy an inheritance tax on any property that is inherited in the state, even if the beneficiary or heir lives in another state.

   See full list on estatecpa.com

4. tax.illinois.gov › forms › incometax2022 IL-1040 Individual Income Tax Return

   tax.illinois.gov › forms › incometax

   Filing online is quick and easy! Click here to file your IL-1040 on MyTax Illinois. Click here to download the PDF form.

5. smartasset.com › estate-planning › illinois-estate-taxIllinois Estate Tax: Everything You Need to Know - SmartAsset

   smartasset.com › estate-planning › illinois-estate-tax

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   The Illinois estate tax applies to estates exceeding $4 million. On top of this tax, the estate may be subject to the federal estate tax.

6. illinoisattorneygeneral.gov › estate-taxesEstate Taxes - Illinois Attorney General

   illinoisattorneygeneral.gov › estate-taxes

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   Estate Tax Forms. Each year, the Attorney General makes available forms and instructions to calculate and file estate taxes base on the year the individual died. The most recent forms are linked and previous years can be searched in the archive. 2023 & 2024 Decedents

7. People also ask

   What is the Illinois estate tax?

   • The Illinois estate tax applies to estates exceeding $4 million. On top of this tax, the estate may be subject to the federal estate tax.

   Illinois Estate Tax: Everything You Need to Know - SmartAsset

   smartasset.com/estate-planning/illinois-estate-tax

   See all results for this question

   Is Illinois estate tax portable between a married couple?

   • Unfortunately, the Illinois estate tax is not portable between a married couple. When one spouse passes away and the estate goes to the surviving spouse, there is no estate tax. However, upon the death of the surviving spouse, the estate can only use one estate exemption. The estate tax is commonly known as the death tax.

   Illinois Estate Tax: The Guide to Rates, Limits & Exemptions

   estatecpa.com/illinois-estate-tax-the-complete-guide/

   See all results for this question

   How is Illinois estate tax calculated?

   • The Illinois estate tax will be determined using an interrelated calculation for 2022 decedents. The calculator at the Illinois Attorney General’s website (www.illinoisattorneygeneral.gov) may be used for this computation. To determine tax due, insert the amounts from Lines 3 and 5 of Schedule A or B, Form 700.

   2022 Important Notice Regarding Illinois Estate Tax and Fact Sheet

   illinoisattorneygeneral.gov/Page-Attachments/InstructionFactSheet2022.pdf

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   What is the Illinois estate and generation-skipping transfer tax act?

   • a) Whenever the Illinois Estate and Generation-Skipping Transfer Tax Act incorporates provisions of the Internal Revenue Code, those provisions shall be construed in accordance with the Illinois Religious Freedom Protection and Civil Union Act [750 ILCS 75].

   2022 Important Notice Regarding Illinois Estate Tax and Fact Sheet

   illinoisattorneygeneral.gov/Page-Attachments/InstructionFactSheet2022.pdf

   See all results for this question

8. tax.illinois.gov › forms › incometax2022 Individual Income Tax Forms - Illinois Department of Revenue

   tax.illinois.gov › forms › incometax

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   2022 Individual Income Tax Forms. Use this form for payments that are due on April 18, 2023, June 15, 2023, September 15, 2023, and January 16, 2024. 07/21/2023 - Updated to clarify Line 10 instructions for filers with tax years on or after 12/31/2021.