§ Exemptions Calculator
State and Federal Exemptions
Gross Asset Total
$220,100.00
Net Equity to Exempt
$71,100.00
State Exemptions
Illinois — 735 ILCS 5/12-901 et seq.
| Total Automatically Exempted | $61,700.00 |
| Total Manually Exempted | $0.00 |
| Total Amount Exempted | $61,700.00 |
| Non-Exempt | $9,400.00 |
| Total Homestead Exempted | $25,000.00 |
REAL ESTATE
🏠
Condo unit, 2715 Pebblewood Dr Unit B, Rockford IL 61114
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-901
Homestead exemption
|
$50,000.00 [D] | $25,000.00 |
Debtor's Equity $25,000.00
Exempted $25,000.00
Non Exempt $0.00
VEHICLES
🚗
2021 Honda HR-V EX, 42,000 mi
Non Exempt: $3,400.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(c)
Motor vehicle
|
$3,600.00 [D] | $3,600.00 |
Debtor's Equity $7,000.00
Exempted $3,600.00
Non Exempt $3,400.00
🚗
2014 Toyota Corolla S, 118,000 mi
Non Exempt: $5,500.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(c)
Motor vehicle
|
$3,600.00 [D] | $0.00 |
Debtor's Equity $5,500.00
Exempted $0.00
Non Exempt $5,500.00
HOUSEHOLD
💻
Diamond engagement ring (retained after divorce), gold bracelet, pearl earrings
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
Jewelry (one piece)
|
100% | $5,000.00 |
Debtor's Equity $4,500.00
Exempted $5,000.00
Non Exempt $-500.00
💻
Condo furnishings — sofa, dining set, beds, dressers, TV, kitchen appliances
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
Jewelry (one piece)
|
100% | $2,500.00 |
Debtor's Equity $2,500.00
Exempted $2,500.00
Non Exempt $0.00
💻
Personal clothing — debtor and daughter
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
All household goods and personal possessions
|
100% | $400.00 |
Debtor's Equity $400.00
Exempted $400.00
Non Exempt $0.00
💻
MacBook Air, iPhone 14, daughter's iPad
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
FINANCIAL
💰
BMO Harris Checking
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(b)
Wildcard (additional personal property)
|
$4,000.00 [D] | $1,200.00 |
Debtor's Equity $1,200.00
Exempted $1,200.00
Non Exempt $0.00
💰
BMO Harris Savings
Non Exempt: $1,000.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(b)
Wildcard (additional personal property)
|
$4,000.00 [D] | $2,800.00 |
Debtor's Equity $3,800.00
Exempted $2,800.00
Non Exempt $1,000.00
💰
SURS Pension (Rock Valley College)
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1006
Retirement accounts
|
100% | $18,000.00 |
Debtor's Equity $18,000.00
Exempted $18,000.00
Non Exempt $0.00
OTHER
📦
Expected 2025 federal tax refund
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(g-7)
Earned Income Credit
|
100% | $2,400.00 |
Debtor's Equity $2,400.00
Exempted $2,400.00
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 |
|---|---|---|---|---|
| Condo unit, 2715 Pebblewood Dr Unit B, Rockford IL 61114 | $25,000.00 | $25,000.00 | $25,000.00 | $0.00 |
Exempted $25,000.00
Limit $50,000.00 [D]
Available Exemption $25,000.00
§ 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 |
|---|---|---|---|---|
| 2021 Honda HR-V EX, 42,000 mi | $7,000.00 | $3,600.00 | $3,600.00 | $3,400.00 |
| 2014 Toyota Corolla S, 118,000 mi | $5,500.00 | $0.00 | $0.00 | $5,500.00 |
Exempted $3,600.00
Limit $3,600.00 [D]
Available Exemption $0.00
§ 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 |
|---|---|---|---|---|
| BMO Harris Checking | $1,200.00 | $1,200.00 | $1,200.00 | $0.00 |
| BMO Harris Savings | $3,800.00 | $2,800.00 | $2,800.00 | $1,000.00 |
Exempted $4,000.00
Limit $4,000.00 [D]
Available Exemption $0.00
§ 735 ILCS 5/12-1001(a)
Exemption Description
Jewelry (one piece)
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| Diamond engagement ring (retained after divorce), gold bracelet, pearl earrings | $4,500.00 | $5,000.00 | $5,000.00 | $-500.00 |
| Condo furnishings — sofa, dining set, beds, dressers, TV, kitchen appliances | $2,500.00 | $2,500.00 | $2,500.00 | $0.00 |
| Personal clothing — debtor and daughter | $400.00 | $400.00 | $400.00 | $0.00 |
| MacBook Air, iPhone 14, daughter's iPad | $800.00 | $800.00 | $800.00 | $0.00 |
Exempted $8,700.00
Limit 100%
§ 735 ILCS 5/12-1006
Exemption Description
Retirement accounts
| Asset | Debtor's Equity | Amount Applied This exemption only |
Total Exempted All exemptions |
Non Exempt |
|---|---|---|---|---|
| SURS Pension (Rock Valley College) | $18,000.00 | $18,000.00 | $18,000.00 | $0.00 |
Exempted $18,000.00
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 | $2,400.00 | $2,400.00 | $2,400.00 | $0.00 |
Exempted $2,400.00
Limit 100%
Exemption Calculator Settings
Illinois does not use Federal Exemptions