Most Illinois taxpayers will soon be getting onetime income and property tax rebates from the state. Distribution of the money to qualifying residents starts Monday.
But state officials say it could take eight weeks to get money to everyone who’s eligible. Here’s everything else you need to know about the rebates:
Who qualifies? You must have been an Illinois resident in 2021 with an adjusted gross income on your 2021 Form IL-1040 filing under $200,000 for individual filers and under $400,000 for those who filed as couples.
How much is the rebate? Taxpayers who filed their tax returns as a single person will be eligible to receive $50. Couples who filed joint returns are eligible to get $100. If you have dependents, there’s an additional $100 per dependent, to a maximum of $300.
Most Illinois taxpayers will be getting a tax rebate from the state — all you need to know
- by: Satchel Price
- 09-09-2022
- Source:
Chicago Sun Times
- 07/20/2023
Tax season by Olga DeLawrence is licensed under Unsplash unsplash.com
Tax season by Olga DeLawrence is licensed under Unsplash unsplash.com
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