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1. • • If you, as the surviving spouse, are due a refund, the refund will be issued directly to you. When you are filing a return on behalf of a single deceased taxpayer, print the name of the taxpayer on the appropriate line. write “deceased” and the date of death above the decedent’s name. write “in care of,” and the representative’s name and address.
     tax.illinois.gov/individuals/specialfilingrequirements/deceased.html

     Filing for a Deceased Taxpayer - Illinois Department of Revenue

2. People also ask

   Do Illinois residents owe estate tax?

   • As an Illinois resident, you may think you won’t owe estate tax because your estate is below the federal exemption, currently $12.92M. However, did you know that Illinois is one of 12 states (and the District of Columbia) with its own estate tax? Illinois residents with estates in excess of $4M may be in for a surprise.

   Tax Planning to Avoid – or Limit – the Illinois Estate Tax

   fhassoc.com/tax-planning-to-avoid-or-limit-the-illinois-estate-tax/

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   How does the widow's exemption affect my taxes?

   • Both state and federal tax rules can impact the eligibility and benefits associated with the Widow’s Exemption. The Widow’s Exemption is a tax provision that provides financial relief to individuals who have lost their spouse. It allows you to reduce your taxable income by claiming an exemption specifically designed for widows and widowers.

   Widow’s Exemption: Definition, State And Federal Tax Rules

   livewell.com/finance/widows-exemption-definition-state-and-federal-tax-rules/

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   Which filing status should I use on my Illinois tax return?

   • There are five filing status options on the Illinois return – Single, Married filing jointly, Married filing separately, Widowed, and Head of household. In general, you should use the same filing status as on your federal return. However, if you file a federal return as a “Surviving Spouse,” choose “Widowed” for your filing status.

   Filing Status - Illinois Department of Revenue

   tax.illinois.gov/individuals/filingrequirements/filingstatus.html

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   Can a pre-deceased spouse be exempt from Illinois estate tax?

   • You will both be entitled to the Illinois estate tax exclusion of $4M, but no exclusion is available from a pre-deceased spouse for any amount of the $4MM not used by the first one to die. This is why developing a strategic estate plan is important to maximize your wealth transfer to your loved ones.

   Tax Planning to Avoid – or Limit – the Illinois Estate Tax

   fhassoc.com/tax-planning-to-avoid-or-limit-the-illinois-estate-tax/

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   Do I need to file an Illinois estate tax return?

   • If your gross estate is over $4M, an Illinois estate tax return is required to be filed, regardless if any Illinois estate tax will be owed. This means that when you die with an estate worth more than $4M, those assets may be taxed before being dispersed to your heirs, depending on what deductions your estate has (marital or charitable, etc.).

   Tax Planning to Avoid – or Limit – the Illinois Estate Tax

   fhassoc.com/tax-planning-to-avoid-or-limit-the-illinois-estate-tax/

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   Can I avoid the estate tax if I live in Illinois?

   • Avoiding the estate tax can save your beneficiaries time and money. Here are ways you could avoid the estate tax if you live in Illinois.

   How to Avoid Illinois Estate Tax - SmartAsset

   smartasset.com/estate-planning/how-to-avoid-illinois-estate-tax

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3. www.forbes.com › estate-law › illinois-estate-taxIllinois Estate Tax: How Does Estate Tax In Illinois Work?

   www.forbes.com › estate-law › illinois-estate-tax

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   Oct 9, 2024 · Illinois does not have an inheritance tax that heirs must pay. The state does have an estate tax on estates valued at $4 million and over, and this is paid by the estate.

4. fhassoc.com › tax-planning-to-avoid-or-limit-theor Limit – the Illinois Estate Tax - Friedman+Huey

   fhassoc.com › tax-planning-to-avoid-or-limit-the

   You will both be entitled to the Illinois estate tax exclusion of $4M, but no exclusion is available from a pre-deceased spouse for any amount of the $4MM not used by the first one to die. This is why developing a strategic estate plan is important to maximize your wealth transfer to your loved ones.

5. tax.illinois.gov › individuals › filingrequirementsFiling Status - Illinois Department of Revenue

   tax.illinois.gov › individuals › filingrequirements

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   if you file a federal return as a “Surviving Spouse,” choose “Widowed” for your filing status. if you file a joint federal return and you are an injured spouse (e.g., your spouse owes a liability, for which you are not responsible, to a government agency), you should file separate Illinois returns using the “married filing separately ...

6. smartasset.com › financial-advisor › illinoisIllinois Inheritance Laws: What You Should Know - SmartAsset

   smartasset.com › financial-advisor › illinois

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   In this detailed guide of Illinois inheritance laws, we break down intestate succession, probate and taxes and what makes a will valid and more.

7. livewell.com › finance › widows-exemption-definitionWidow’s Exemption: Definition, State And Federal Tax Rules

   livewell.com › finance › widows-exemption-definition

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   Feb 21, 2024 · The Widow’s Exemption is a valuable tax benefit that can significantly impact your tax liability as a widow or widower. Understanding the criteria and rules governing this exemption at both the state and federal levels is essential to optimize your tax filings.

8. tax.illinois.gov › individuals › specialfilingFiling for a Deceased Taxpayer - Illinois Department of Revenue

   tax.illinois.gov › individuals › specialfiling

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   print your name and your spouse’s name on the appropriate lines. write “deceased” and the date of death above your spouse’s name. sign your name in the area provided for your signature, and write “filing as surviving spouse” in place of the decedent’s signature.

9. smartasset.com › how-to-avoid-illinois-estate-taxHow to Avoid Illinois Estate Tax - SmartAsset

   smartasset.com › how-to-avoid-illinois-estate-tax

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   Avoiding the estate tax can save your beneficiaries time and money. Here are ways you could avoid the estate tax if you live in Illinois.