What is the sales tax rate in Chicago? Illinois Sales Tax Rate

Chicago Small Business Accountant

The sales tax rate in Chicago, Illinois, Cook County, is 9.25% on most tangible goods sold inside the city, and 2.25% on food, drugs, and medical appliances. As of March 2013

 

Sales tax returns, or The Illinois Department of Revenue Form ST-1, are one of the most commonly audited forms or tax types in our state. One of the reasons for this is that they are difficult to prepare properly. Sales tax revenues are a huge money maker for Springfield. Given the states ever present financial woes, they love to audit these forms. Illinois needs the revenue that is naturally generated when people who don’t know what they are doing try to complete their own forms and are audited. Call or click today.

Chris Amundson is President of Accounting Solutions Ltd. located in Chicago, Illinois

Chicago Accounting Firm & Tax Solutions for Small Businesses

Last updated on March 29, 2013
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