Who is Eligible For Illinois’ Income and Property Tax Rebates? Here’s When Checks Could Arrive, and What to Know – NBC Chicago


In less than a month, thousands of Illinois residents will receive some sort of incentive check, in the form of a tax credit.

Beginning Sept. 12, the state will begin paying one-time income and property tax credits, which were included in the Family Relief Plan, part of Illinois Gov’s budget. JB Pritzker that was signed into law earlier this year. Distribution is estimated to take eight weeks, according to Illinois Comptroller Susanna Mendoza.

While many taxpayers qualify, not everyone in the state is eligible. Here’s an overview of each discount, including eligibility, the exact payment amounts you may see, and what to do if you think you qualify but haven’t received one.

Who is eligible for each discount?

To be eligible, you must first have filed taxes.

With regard to the individual income tax credit, an individual is eligible if they were a resident of Illinois in 2021 and their adjusted gross income was less than $400,000 when filing jointly or $200,000 when filing as a single person.

The property tax rebate requires recipients to be Illinois residents who have paid property taxes on their primary residence in 2021 and 2022. Their adjusted gross income must be $500,000 or less if filing jointly or if filing as a single person, $250,000 or less .

How much will people receive?

Individual tax refund

Anyone who filed tax returns as a single person will receive $50. If you file jointly, you will get a $100, $50 discount per person. Those with dependents will receive up to $300, according to the state comptroller’s website. One hundred dollars is given for each dependent, with a maximum of three.

Property tax refund

The discount amount is equal to the property tax you could claim on your 2021 tax forms – up to a maximum of $300.

How are discounts sent?

Rebates are distributed the way your original income tax refund was sent, according to the State of Illinois website. If you have not received a refund, have not filed an Illinois income tax return, or are filing for the property tax separately, your rebate will be sent by paper check.

What if I have not completed the correct forms?

Those who have completed the IL-1040 and/or IL-1040-PTR forms will automatically receive discounts. However, if you didn’t, don’t worry.

Form submissions will be accepted through October 17. To receive both the property tax and income tax credit or just the income tax deduction per se, you must file IL-1040, which includes Schedule ICR, Illinois Credits, and Schedule IL-E/EIC, Illinois Exemption and Earned Income Credit.

If you just want to get the property tax credit, you need to fill out Form IL-1040-PTR.

If you didn’t receive a refund or if you were given a paper check, government officials say it may take longer for the discount to be granted. Taxpayers who have yet to file or submit a form will receive their discount after the submission has been reviewed.

What if you expect a discount, but didn’t get one?

First check whether you meet the requirements and whether you have completed the correct forms. For those who have submitted an IL-1040 form, the state of Illinois says it will allow 90 to 120 days for your return to process, as well as an additional 5 to 10 days for the discount to be approved.

Those who have submitted the IL-1040-PTR form must wait 6 to 8 weeks for the form to be processed, according to a state website, and another 5 to 10 days for the discount to be approved.

How do I check the status of my discount?

You can see the status of your discount by using Where is my discount? application.

Around the . to use application, you must have the following:

  • Your name and Social Security number or taxpayer identification number
  • Your 2021 Adjusted Gross Income Amount, Illinois Individual Income Tax Return or Form IL-1040-PTR, Property Tax Credit, or your IL PIN.

The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.


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