§ Exemptions Calculator
State and Federal Exemptions
Gross Asset Total
$315,100.00
Net Equity to Exempt
$105,400.00
State Exemptions
Illinois — 735 ILCS 5/12-901 et seq.
| Total Automatically Exempted | $100,300.00 |
| Total Manually Exempted | $0.00 |
| Total Amount Exempted | $100,300.00 |
| Non-Exempt | $5,100.00 |
| Total Homestead Exempted | $15,000.00 |
REAL ESTATE
🏠
Single-family home, 5840 Woodhaven Ln, Loves Park IL 61111
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-901
Homestead exemption
|
$50,000.00 [D] | $15,000.00 |
Debtor's Equity $15,000.00
Exempted $15,000.00
Non Exempt $0.00
VEHICLES
🚗
2020 Chevrolet Equinox LT, 58,000 mi
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(c)
Motor vehicle
|
$3,600.00 [D] | $7,200.00 |
Debtor's Equity $4,800.00
Exempted $7,200.00
Non Exempt $-2,400.00
🚗
2018 Ford Escape SE, 82,000 mi
Non Exempt: $7,500.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(c)
Motor vehicle
|
$3,600.00 [D] | $0.00 |
Debtor's Equity $7,500.00
Exempted $0.00
Non Exempt $7,500.00
HOUSEHOLD
💻
Home furnishings, appliances — 3BR house
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
All household goods and personal possessions
|
100% | $3,500.00 |
Debtor's Equity $3,500.00
Exempted $3,500.00
Non Exempt $0.00
💻
Personal clothing — 5 household members
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
All household goods and personal possessions
|
100% | $800.00 |
Debtor's Equity $800.00
Exempted $800.00
Non Exempt $0.00
💻
3 iPhones, iPad, 2 laptops, gaming console, smart TV
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
All household goods and personal possessions
|
100% | $1,500.00 |
Debtor's Equity $1,500.00
Exempted $1,500.00
Non Exempt $0.00
FINANCIAL
💰
Wells Fargo Joint Checking
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(b)
Wildcard (additional personal property)
|
$4,000.00 [D] | $1,650.00 |
Debtor's Equity $1,650.00
Exempted $1,650.00
Non Exempt $0.00
💰
Wells Fargo Joint Savings
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(b)
Wildcard (additional personal property)
|
$4,000.00 [D] | $450.00 |
Debtor's Equity $450.00
Exempted $450.00
Non Exempt $0.00
💰
Jerome — Woodward 401(k)
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1006
Retirement accounts
|
100% | $52,000.00 |
Debtor's Equity $52,000.00
Exempted $52,000.00
Non Exempt $0.00
💰
Tamika — Crusader 403(b)
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1006
Retirement accounts
|
100% | $14,000.00 |
Debtor's Equity $14,000.00
Exempted $14,000.00
Non Exempt $0.00
OTHER
📦
Expected 2025 federal tax refund (MFJ)
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(g-7)
Earned Income Credit
|
100% | $4,200.00 |
Debtor's Equity $4,200.00
Exempted $4,200.00
Non Exempt $0.00
§ 735 ILCS 5/12-901
Exemption Description
Homestead exemption
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| Single-family home, 5840 Woodhaven Ln, Loves Park IL 61111 | $15,000.00 | $15,000.00 | $15,000.00 | $0.00 |
Exempted $15,000.00
Limit $50,000.00 [D]
Available Exemption $35,000.00
§ 735 ILCS 5/12-1001(c)
Exemption Description
Motor vehicle
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| 2020 Chevrolet Equinox LT, 58,000 mi | $4,800.00 | $7,200.00 | $7,200.00 | $-2,400.00 |
| 2018 Ford Escape SE, 82,000 mi | $7,500.00 | $0.00 | $0.00 | $7,500.00 |
Exempted $7,200.00
Limit $3,600.00 [D]
Available Exemption $-3,600.00
§ 735 ILCS 5/12-1001(b)
Exemption Description
Wildcard (additional personal property)
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| Wells Fargo Joint Checking | $1,650.00 | $1,650.00 | $1,650.00 | $0.00 |
| Wells Fargo Joint Savings | $450.00 | $450.00 | $450.00 | $0.00 |
Exempted $2,100.00
Limit $4,000.00 [D]
Available Exemption $1,900.00
§ 735 ILCS 5/12-1006
Exemption Description
Retirement accounts
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| Jerome — Woodward 401(k) | $52,000.00 | $52,000.00 | $52,000.00 | $0.00 |
| Tamika — Crusader 403(b) | $14,000.00 | $14,000.00 | $14,000.00 | $0.00 |
Exempted $66,000.00
Limit 100%
§ 735 ILCS 5/12-1001(a)
Exemption Description
All household goods and personal possessions
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| Home furnishings, appliances — 3BR house | $3,500.00 | $3,500.00 | $3,500.00 | $0.00 |
| Personal clothing — 5 household members | $800.00 | $800.00 | $800.00 | $0.00 |
| 3 iPhones, iPad, 2 laptops, gaming console, smart TV | $1,500.00 | $1,500.00 | $1,500.00 | $0.00 |
Exempted $5,800.00
Limit 100%
§ 735 ILCS 5/12-1001(g-7)
Exemption Description
Earned Income Credit
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| Expected 2025 federal tax refund (MFJ) | $4,200.00 | $4,200.00 | $4,200.00 | $0.00 |
Exempted $4,200.00
Limit 100%
Exemption Calculator Settings
Illinois does not use Federal Exemptions
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