Estate Tax Exemption 2024 Illinois Calculator . How to calculate illinois estate tax. A person whose estate is not greater than the established number is exempt from having to pay taxes on his or her estate when he or.
Illinois has an estate tax exemption of $4 million per person, meaning that if you pass away with an estate valued at $4 million or less (this includes real estate,. The illinois estate tax exemption is $4 million.
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