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For Illinois tax filers, the dividends from Caterpillar, Abbott Labs, Abbvie & Walgreens can be tax free. In many cases, the dividend payments can be excluded from you Illinois' state income.

In 2020, the list of new taxes and tax hikes coming to Illinois is dizzying. Some are brand new, some are increases on existing taxes, and some are pretty creative ways the state has come up with to dip into our proverbial back pockets and/or purses.