Monday, September 12, 2022

Tax Rebates from State of Illinois

2022 State of Illinois Tax Rebates

Under the Illinois Family Relief Plan passed by the Illinois House and Senate, one-time individual income and property tax rebates will be issued to taxpayers  who meet certain requirements.

You may be eligible to receive one or both of these rebates, which are expected to begin being issued the week of September 12.

Individual Income
Tax Rebate

How much is the rebate?

If filing as a single person, your rebate amount is $50.

If filing as a couple (married filing jointly), your rebate amount is $100 ($50 per person).

If you have dependents, you will receive a rebate amount of up to $300 ($100 per dependent, with a maximum of three).

You qualify if:

you were an Illinois resident in 2021 and

your adjusted gross income on your 2021 Form IL-1040 is under $400,000 (if filing jointly) or under $200,000 (if filing as a single person).

How to claim:

If you file(d) your 2021 IL-1040, you will automatically receive your rebate. If not, you have until October 17th to file your 2021 IL-1040. If you have dependents, you also must complete Schedule E/EIC.

Property
Tax Rebate

How much is the rebate?

Your rebate amount is equal to the property tax credit you were qualified to claim on your 2021 IL-1040 (up to a maximum of $300).

You qualify if:

you are an Illinois resident, and you paid Illinois property taxes in 2021 on your primary residence in 2020; and

your adjusted gross income on your 2021 Form IL-1040 is $500,000 or less (if filing jointly) or $250,000 or less (if filing as a single person).

How to claim:

If you file(d) your 2021 IL-1040 and Schedule ICR, you will automatically receive your rebate. If not, you have until October 17th to file a Property Tax Rebate form (IL-1040-PTR) to get your rebate.

Submit Form IL-1040-PTR electronically through MyTax Illinois or submit a paper Form IL-1040-PTR. For more information, see Instructions.

Frequently Asked Questions

When will I receive the rebates?

How will I receive my rebates?

Can I check on the status of my rebates?

What and how much is the property tax rebate?

What and how much is the individual income tax rebate?

What do I need to do to receive the property tax rebate or the individual income tax rebate?

What if I already received my property tax credit or my individual income tax refund? What is the difference between the credit, refund, and rebates?

Will my rebate be subject to offset?

What if I do not receive the rebates?

Will my rebates be taxed?

Additional Resources

For more information and legal reference
Electronic filing and forms
    Check the status of your refund
    Questions or assistance

    Our staff can help with any Illinois state income tax filing inquiries weekdays from 8:00 a.m. to 5:00 p.m.

    Above is from:  2022 State of Illinois Tax Rebates - 2022 Illinois Tax Rebates

    No comments: