Tax Comparisons - Iowa and Illinois
Personal Income Tax
State Website Links |
Iowa |
Illinois |
| General Website Link - State Individual Tax |
http://www.iowa.gov/tax/forms/indinc.html#EI |
http://tax.illinois.gov/Individuals/index.htm |
| State Individual Tax Form |
http://www.iowa.gov/tax/forms/0941001.pdf |
http://tax.illinois.gov/TaxForms/IncmCurrentYear/Individual/IL-1040.pdf |
| State Instructions |
http://www.iowa.gov/tax/forms/1040LongBooklet09.pdf |
http://tax.illinois.gov/TaxForms/IncmCurrentYear/Individual/IL-1040-Instr.pdf%20 |
2011 State Income Tax Factors
Free Income Tax Calculator
Starting Point for Computation of Tax (2011)
Common Adjustments to Federal Adjusted Gross Income (AGI) |
Iowa AGI |
Illinois AGI |
| Potential Additions for State Purposes: |
||
|
Yes |
Yes |
|
Yes (No bonus, limit on Sec. 179) |
Yes (No bonus, 179 same as Federal) |
| Potential Subtractions for State Purposes: |
||
|
Yes | Yes |
|
Yes - Partial exclusion for Retirement Income |
Yes - Partial exclusion for Retirement Income |
|
Yes |
Yes |
|
Yes (if qualifies) |
No |
|
College Savings Iowa or Iowa Advisor 529 Plan contributions ($2,800 per beneficiary) | |
| Treatment of Federal Taxes in calculating State AGI: |
||
|
Yes | N/A |
|
Yes | N/A |
|
Yes | N/A |
| Educational Savings Plans Available: |
College Savings Iowa or Iowa Advisor 529 Plan |
Bright Start, College Illinois, Bright Directions |
| Itemized Deductions Allowed |
Yes - similar to Federal |
No |
| Property Tax Credit |
No | Yes (for Illinois property) |
| Personal Income Tax Rates |
Ranges from .36% to 8.98% |
3% 2010; 5% 2011 |
| Link to State Department of Revenue |
Iowa Department of Revenue |
Illinois Department of Revenue |
2011 Sales Tax Information
Sales Tax |
Iowa |
Illinois |
| State General Tax Rate |
6.00% |
6.25% |
| Local General Tax Rates - Following IA Cities |
||
|
1.00% |
N/A |
|
1.00% | N/A |
|
1.00% | N/A |
|
1.00% | N/A |
|
1.00% | N/A |
|
1.00% | N/A |
| Local General Tax Rates - Following IL Cities |
||
|
N/A | 0.50% |
|
N/A | 1.25% |
|
N/A | 0.50% |
|
N/A | 0.50% |
|
N/A | 0.50% |
|
N/A | 1.25% |
|
N/A | 0.75% |
|
N/A | 0.50% |
|
N/A | 0.50% |
|
N/A | 0.50% |
| Sales Tax Links |
Iowa Department of Revenue |
Illinois Department of Revenue |
| Sales Tax Look Up |
Iowa Sales Tax Look Up |
Illinois Tax Rate Finder |
2011 Property Tax Information
Property Tax |
Website Link |
Month Payments Due |
| Iowa |
http://www.iowa.gov/tax/locgov/iowa-property-tax.html |
|
|
Scott County including the following cities: Bettendorf, Blue Grass, Davenport Eldridge, Le Claire |
http://www.scottcountyiowa.com/assessor/ |
March & September |
|
Clinton County including the following city: Clinton |
http://www.clintoncounty-ia.gov/Page/Property_Tax.aspx?nt=495%20 |
March & September |
| Illinois |
||
|
Rock Island County including the following cities: East Moline, Milan, Moline, Rock Island, Silvis |
http://www.co.rock-island.il.us/PTaxSearch/PropertySearchForms.asp?id=582%20 |
June, August, September, November |
|
Knox County including the following city: Galesburg |
http://www.knoxtreasurer.org/ |
June & September |
|
Henry County including the following cities: Kewanee, Geneseo |
http://www.henrycty.com/treasurer/index.html |
June & September |
|
Whiteside County including the following cities: Rock Falls, Sterling |
http://www.whiteside.org/collector-treasurer/ |
June & September |
These links are provided for the convenience of the user. The specific information provided within this document is as of 1/25/2012 and not to be used as tax advice. Each individual's income tax situation is different. We recommend that you consult with your income tax advisor to address your personal tax issues before making any decisions.