Illinois Capital Gains Tax on Real Estate (2025) w/ Calculator.

Illinois Capital Gains Tax on Real Estate (2025) w/ Calculator. It walks you through:

Illinois Capital Gains Tax on Real Estate (2025) w/ Calculator

🏡 What capital gains are — the profit from selling your home above its cost basis.

💸 Federal exclusions — up to $250,000 for individuals or $500,000 for married couples if you’ve lived in the home for 2 of the last 5 years.

🧾 Illinois rules — the state follows federal exclusions and taxes any remaining gain at a flat 4.95%.

📊 Real-world example — a case study showing how gains are calculated and taxed.

🛠️ Tax-saving strategies — like 1031 exchanges, installment sales, and step-up in basis for inherited property.

🧮 Capital gains calculator — plug in your numbers to estimate your tax bill.

It’s clear, practical, and even includes tips to reduce your tax burden. If you’re prepping content for homeowners or planning outreach around this topic, it could be a great resource to reference or adapt. Want help turning this into a homeowner-friendly explainer or seasonal email? I’d love to help.