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Illinois Estate Tax Exemption Amount 2024
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Illinois Estate Tax Exemption Amount 2024. Taxpayers must file an illinois form 700 if an estate’s gross value exceeds $4 million. If you're a resident of illinois and leave behind more than $4 million (for deaths occurring in 2024), your estate might have to pay illinois estate tax.
Provides that, for persons dying on or after january 1, 2024, the exclusion amount shall. This amount will increase to $13.61 million in 2024.
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