Paycheck Calculator Illinois

Use Federal Pension Advisors' Illinois paycheck calculator 2024 to find out your take-home pay for both salaried and hourly jobs. It helps you see how much you’ll actually take home after federal, state, and local taxes are deducted.

State

Earnings

Gross Pay Method

Gross Pay

Federal Taxes

Federal Filing Status

Dependents Amount

Other Income

Deductions

Additional Federal Withholding

Note: The results provided by this calculator are estimates and should not be considered as financial advice. For precise calculations and personalized advice, please consult with a financial professional.

Illinois Taxes: An Overview

In Illinois, everyone pays the same income tax rate, no matter how much they earn. There are no extra local income taxes from cities in Illinois on top of the state tax rate.

Illinois Paycheck Quick Facts:

Illinois' state income tax rate is 6.25%
The median household income in Illinois is $78,433 (U.S. Census Bureau)
No cities in Illinois have local income taxes

Understanding Your Illinois Paycheck

Your employer will take out a portion of your pay for Social Security and Medicare taxes each pay period. This combined tax is called FICA, and your employer matches the amount.

Your employer will also withhold federal income taxes from your paychecks. How much is taken out depends on your income, filing status (like single or married), and any tax credits you claim on your W-4 form.

Recent changes to Form W-4 mean you no longer list allowances. Instead, the form uses a five-step process where you enter your personal details, claim dependents, and report any extra income or jobs. You need to provide annual dollar amounts for income tax credits, non-wage income, itemized deductions, and total taxable income.

In Illinois, you might see more deductions from your paycheck if you pay for health insurance, life insurance, or disability insurance through your employer. Contributions to a 401(k), flexible spending account (FSA), or health savings account (HSA) will also reduce your paycheck.

If you’re paid more often, like weekly, each paycheck will be smaller. This is why the frequency of your pay is an important factor in paycheck calculators. Smaller, more frequent paychecks might help with budgeting better than fewer, larger paychecks.

Illinois Median Household Income

Year	Median Household Income
2022	$78,433
2021	$79,253
2020	$74,334
2019	$74,399
2018	$70,145
2017	$65,969
2016	$61,386
2015	$60,413
2014	$54,916
2013	$53,937

In Illinois, you can use Form IL-W-4 to claim allowances for state income taxes. Your employer will then take money out of each paycheck to cover your Illinois state taxes. Illinois doesn't have any local income taxes.

If you have more than one job, you need to split your allowances between them. For example, if you have two jobs, you can’t claim the same allowances with both employers in the same year.

You can either divide your allowances between the two jobs or claim all your allowances with one job and none with the other. If you don’t split your allowances correctly, you might end up owing more money when you file your taxes.

Using paycheck calculators, such as the paycheck calculator Illinois or the Massachusetts paycheck calculator, can help you understand how often you get paid and how taxes will impact your take-home pay.

How You Can Affect Your Illinois Paycheck

If you want to boost your paycheck in Illinois, aside from asking for a raise, consider working overtime if your job permits. Other ways to earn extra income include bonuses, commissions, stock options, and prizes. Keep in mind that these extra earnings are taxed at the same rate as your regular income in Illinois.

Sometimes, taking home less money can be beneficial. Contributing to accounts like a 401(k), FSA, or HSA means money is deducted from your paycheck before taxes are applied. Although this reduces your take-home pay, the money in these accounts grows tax-free. Plus, FSA and HSA funds can be used for medical expenses.

If you have significant income from sources other than your job, such as investments, your employer’s withholding might not cover your tax liability. In this case, you might want to update your W-4 form to have your employer withhold extra from your paychecks or pay estimated taxes quarterly to stay on top of your tax obligations.

Most Paycheck Friendly Places in Illinois

Rank	County, State	Semi-Monthly Paycheck	Purchasing Power	Unemployment Rate	Income Growth	Most Paycheck Friendly Index
1	Monroe County, IL	$2,339	2.71	2.8%	4.96%	69.11
2	Menard County, IL	$2,339	2.47	3.6%	5.71%	66.19
3	Cumberland County, IL	$2,339	2.12	3.4%	8.48%	66.15
4	DuPage County, IL	$2,339	2.51	3.6%	4.23%	65.12
5	Kendall County, IL	$2,339	2.62	4.0%	3.50%	64.63
6	Calhoun County, IL	$2,339	2.18	4.0%	7.15%	64.31
7	Moultrie County, IL	$2,339	2.14	3.2%	5.53%	63.87
8	Jersey County, IL	$2,339	2.09	3.5%	6.32%	63.63
9	Lake County, IL	$2,339	2.43	4.2%	3.99%	63.06
10	Washington County, IL	$2,339	2.03	2.4%	4.06%	62.96
Illinois		$2,339	1.9	4.3%	3.7%

Why Use an Illinois Paycheck Calculator 2024?

Understanding your take-home pay is essential for effective budgeting and financial planning. A Paycheck calculator Illinois simplifies this process by accurately determining your net pay. It takes into account various deductions such as federal taxes, state taxes, Social Security, Medicare, and any pre-tax deductions like health insurance or retirement contributions. By Using a calculator tailored to tax regulations, such as the Massachusetts paycheck calculator or the Missouri paycheck calculator, ensures that all relevant state-specific factors are included in your calculations.

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