§ Exemptions Calculator
State and Federal Exemptions
Gross Asset Total
$32,742.50
Net Equity to Exempt
$24,542.50
State Exemptions
Illinois — 735 ILCS 5/12-901 et seq.
| Total Automatically Exempted | $17,850.00 |
| Total Manually Exempted | $0.00 |
| Total Amount Exempted | $17,850.00 |
| Non-Exempt | $6,692.50 |
| Total Homestead Exempted | $0.00 |
VEHICLES
🚗
2016 Ford F-150 XLT, 98,000 mi
Non Exempt: $4,700.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(c)
Motor vehicle
|
$3,600.00 [D] | $3,600.00 |
Debtor's Equity $8,300.00
Exempted $3,600.00
Non Exempt $4,700.00
HOUSEHOLD
💻
Furniture, TV, kitchen appliances
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
All household goods and personal possessions
|
100% | $1,200.00 |
Debtor's Equity $1,200.00
Exempted $1,200.00
Non Exempt $0.00
💻
Personal clothing — debtor and son
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
💻
iPhone 14, iPad, laptop (used for business invoicing)
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(a)
All household goods and personal possessions
|
100% | $650.00 |
Debtor's Equity $650.00
Exempted $650.00
Non Exempt $0.00
FINANCIAL
💰
US Bank Checking — personal
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(b)
Wildcard (additional personal property)
|
$4,000.00 [D] | $842.50 |
Debtor's Equity $842.50
Exempted $842.50
Non Exempt $0.00
💰
US Bank Business Checking — Marcus W Handyman Services
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
💰
Midwest Distribution 401(k)
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1006
Retirement accounts
|
100% | $4,800.00 |
Debtor's Equity $4,800.00
Exempted $4,800.00
Non Exempt $0.00
OTHER
📦
Handyman business tools — DeWalt power tools, hand tools, ladders, wet/dry vac, paint sprayer
Non Exempt: $1,992.50
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(b)
Wildcard
|
$4,000.00 [D] | $1,507.50 |
Debtor's Equity $3,500.00
Exempted $1,507.50
Non Exempt $1,992.50
📦
Expected 2025 federal tax refund
Non Exempt: $0.00
| Statute | Limit | Amount Applied | |
|---|---|---|---|
|
735 ILCS 5/12-1001(g-7)
Earned Income Credit
|
100% | $3,200.00 |
Debtor's Equity $3,200.00
Exempted $3,200.00
Non Exempt $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 |
|---|---|---|---|---|
| US Bank Checking — personal | $842.50 | $842.50 | $842.50 | $0.00 |
| US Bank Business Checking — Marcus W Handyman Services | $1,650.00 | $1,650.00 | $1,650.00 | $0.00 |
| Handyman business tools — DeWalt power tools, hand tools, ladders, wet/dry vac, paint sprayer | $3,500.00 | $1,507.50 | $1,507.50 | $1,992.50 |
Exempted $4,000.00
Limit $4,000.00 [D]
Available Exemption $0.00
§ 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 |
|---|---|---|---|---|
| 2016 Ford F-150 XLT, 98,000 mi | $8,300.00 | $3,600.00 | $3,600.00 | $4,700.00 |
Exempted $3,600.00
Limit $3,600.00 [D]
Available Exemption $0.00
§ 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 |
|---|---|---|---|---|
| Furniture, TV, kitchen appliances | $1,200.00 | $1,200.00 | $1,200.00 | $0.00 |
| Personal clothing — debtor and son | $400.00 | $400.00 | $400.00 | $0.00 |
| iPhone 14, iPad, laptop (used for business invoicing) | $650.00 | $650.00 | $650.00 | $0.00 |
Exempted $2,250.00
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 |
|---|---|---|---|---|
| Midwest Distribution 401(k) | $4,800.00 | $4,800.00 | $4,800.00 | $0.00 |
Exempted $4,800.00
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 | $3,200.00 | $3,200.00 | $3,200.00 | $0.00 |
Exempted $3,200.00
Limit 100%
Exemption Calculator Settings
Illinois does not use Federal Exemptions