How much will the Illinois tax hike cost you?

Illinois lawmakers just ended the nation's longest fiscal stalemate since at least the Great Depression after voting to override Gov. Bruce Rauner's vetoes of a budget package.

Illinois lawmakers worked to round up votes needed to pass $5 billion in tax hikes.

The current proposal permanently increases the personal income tax rate to 4.95 percent from the current 3.75 percent rate.

The corporate income tax rate rises to 7 percent from the current 5.25 percent rate.

How much will the Illinois tax hike cost you? Find out using the calculator HERE.

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