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Illinois was found to have the highest total effective tax rate at 16.58%, with households earning the state's median income paying roughly $12,270 in state and local taxes each year. Thirty-nine states will begin 2025 with notable taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities
New tax brackets this 2025 that will affect your salary it’s now The standard deduction will increase by $400 for single filers. This data can be downloaded as an Excel file, courtesy of The Tax Foundation See the 2024 tax tables (for money you earned in 2024)
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