Time is almost up to receive Illinois income and property tax refunds
Some 6 million Illinois residents are receiving an income tax rebate, a property tax rebate, or both, thanks to the governor’s $1.8 billion Illinois Family Relief Plan JB Pritzker. Physical checks began going out Sept. 12, according to the state Department of Revenue, and will continue to be mailed out for the next few months.
Officials are working overtime to get payments to eligible taxpayers, Assistant Comptroller Kevin Schoeben told WICS TV-20, but “that’s just the volume we need to unblock during this time.”
If you haven’t filed your tax return, you can still claim your refunds, but the deadline is fast approaching.
Here’s what you need to know about Illinois state tax refunds, including how to find out if you qualify and how much you could get.
To find out more about economic aidsee which other states give tax refunds, stimulus payments and child tax credits,
Who is eligible for the Illinois income tax refund?
The income tax refund is for Illinois residents who filed individually in 2021 and earned less than $200,000 — or filed jointly and earned less than $400,000.
But time is running out: To be eligible for the income tax rebate, you must file an IL-1040 form in October 17.
Residents with dependents must also complete the 2021 Schedule IL-E/EIC form.
How much is the income tax rebate?
Individuals will receive a $50 rebate; couples will receive $100. The refund is also worth $100 per claimed dependent on your 2021 taxes, up to three dependents.
In all, a family of four could receive up to $300.
What is the Illinois property tax rebate?
Illinois residents who paid state property taxes last year on their 2020 principal residence are eligible for the rebate if their adjusted gross income on their 2021 Form IL-1040 is less than $250,000 . (For couples filing jointly, the limit is $500,000.)
If you qualify, your refund is equal to the property tax credit you were able to claim on your 2021 IL-1040 form, up to $300.
Owners can still receive a refund if they file an IL-1040 form in October 17.
How will I receive my discount?
If you have filed Form IL-1040 2021 and ICR Schedule, you do not need to do anything. The state sends your remittance the same way you received your state tax refund.
If you did not get a refund, a physical check will be mailed to the address listed on your tax return.
If you think you are entitled to a reimbursement check and you do not receive one, you have untilI October 17 to file a property tax refund form. You can submit it electronically through MyTax Illinois or by mail in paper form.
When will I receive my money?
Checks began to be distributed on September 12 and the last should reach taxpayers in mid-November.
For residents who receive both property and income rebates, payments will be made in one deposit or check.
How can I check the status of my discounts?
You can check your discounts using Where’s my discount? site or by calling 800-732-8866 or 217-782-3336.