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Kiplinger
Kiplinger
Business
Katelyn Washington

Illinois Taxes Increase This Summer

Lincoln Park, Chicago IL for Illinois taxes story

Illinois residents haven't had a sales tax on groceries for nearly a year, but the suspension of the state's grocery tax is ending. Come July 1, Illinoisans can expect to pay more at the grocery store checkout line and if that’s not challenging enough, the gas tax in Illinois will increase the same day.

The Illinois fiscal year 2023 budget provided a one-year grocery tax holiday. The budget also suspended a gas tax increase that was originally planned for July 2022 until January 2023. 

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