What is the Illinois exemption allowance?
- For tax years beginning January 1, 2012, it is $2050 per exemption. If someone else can claim you as a dependent and your Illinois base income is $2050 or less, your exemption allowance is $2050. If income is greater than $2050, your exemption allowance is 0.
- For years ending 2011 and prior, $2000 per exemption. If someone else can claim you as a dependent and your Illinois base income is $2000 or less, your exemption allowance is $2000. If income is greater than $2000, your exemption allowance is 0.
- If you (or your spouse if married filing jointly) were 65 or older and/or legally blind, the exemption allowance is an additional $1000, whichever is applicable.
Please see the IL-1040 instructions for additional information.
