Key Chicago Tax Rate Changes Effective January 2025

Written By: Ashley Trabaris, CPA, MST, State & Local Tax Manager

Starting January 1, 2025, several important tax rate changes will take effect in Chicago, impacting various sectors. These changes are part of the 2025 Revenue Ordinance passed by the City Council on December 16, 2024.

For any questions regarding these changes, please contact a member of your Porte Brown advisory team.

The updates published from Chicago can be found here: City of Chicago: Tax Rate Changes as of January 2025

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