Illinois tax rebates FAQ: Who’s getting income-, property-tax rebates, how to check, more on Illinois Family Relief Plan

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Illinois state officials say it could take eight weeks to get the money to everyone who’s eligible.

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Most Illinois taxpayers will soon be getting onetime income- and property-tax rebates from the state.

Distribution of the money, which will be issued to qualifying Illinois residents, starts Monday.

But state officials say it could take eight weeks to get the money to everyone who’s eligible.

Here’s everything else you need to know about the rebates:

Income-tax 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.

Property-tax rebates

Who qualifies? Illinois residents who paid state property taxes in 2021 on a primary residence in 2020. Your adjusted gross income on your 2021 Form IL-1040 must be under $250,000 for individual filers and under $500,000 for those who filed as couples.

How much is the rebate? It depends. It will be “equal to the property-tax credit you were qualified to claim on your 2021 IL-1040,” up to $300.

How do I get the money?

For taxpayers who filed 2021 Form IL-1040 and Schedule ICR, you don’t need to do anything. If you got an income-tax refund, the state will send the rebate the same way you received that. If you didn’t get a tax refund, the state will mail a check to the address on your tax return.

Why is the state doing this?

The money is being given back under the Illinois Family Relief Plan, a $1.8 billion aid package Gov. J.B. Pritzker signed into law earlier this year.

If you want to know more

More details on things like how to check your eligibility and the status of your rebate can be found on the Illinois Department of Revenue’s website at https://www2.illinois.gov/rev/programs/Rebates/Pages/Default.aspx

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September 9, 2022 at 06:54AM

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