Illinois Tax Rebate 2022: When Is My Check Coming?

Some 6 million Illinois residents are receiving an earnings tax rebate, property tax rebate or each, due to the state’s $1.8 billion Household Reduction Plan. Bodily checks began going out Sept. 12, in keeping with the Illinois Division of Income, and can proceed to be mailed for the subsequent a number of months.

The state is “working time beyond regulation” to get funds to eligible taxpayers, Assistant Comptroller Kevin Schoeben instructed WICS TV-20, however “It is simply the sheer quantity that now we have to launch inside that interval.”

The reduction plan, which went into impact July 1, additionally features a pause of a fuel tax enhance till January and a suspension of the gross sales tax on groceries by July 2023. 

This is what you might want to find out about Illinois state tax rebates, together with who qualifies, how a lot you can get and the way (and when) you will get your cash.

For extra on financial reduction, see what different states are issuing tax rebates and stimulus funds and baby tax credit,

Who qualifies for the Illinois earnings tax rebate?

Illinois residents who paid taxes in 2021 and made below $200,000 in the event that they filed individually or below $400,000 for {couples} submitting collectively all qualify.

How a lot is the earnings tax rebate for?

People will obtain a $50 earnings tax rebate; {couples} will obtain $100. The rebate can be price $100 per dependent claimed in your 2021 taxes, for as much as three dependents. In all, a household of 4 can earn as a lot as $300.

What’s the Illinois property tax rebate?

Illinois residents who paid state property taxes final yr on their major residence in 2020 are eligible for the rebate if their adjusted gross earnings on their 2021 Type IL-1040 is below $250,000. For {couples} submitting collectively, the cap is $500,000.

For those who qualify, your rebate is the same as the property tax credit score you had been capable of declare in your 2021 IL-1040 type, as much as $300.

How will certified taxpayers obtain their cash?

For those who filed 2021 Type IL-1040 and Schedule ICR, you need not do something. The state is sending your rebate the identical method you obtained your state tax refund.

For those who did not get a refund, a bodily examine will likely be mailed to the deal with in your tax return. 

For residents receiving each property and earnings rebates, the funds will are available a single deposit or examine. 

For those who consider you might be eligible for a refund examine and don’t obtain one, you’ve got till Oct. 17 to file a Property Tax Rebate type. You possibly can submit it electronically by MyTax Illinois or mail in a paper type.

When will I get my cash?

Checks begin being distributed Sept. 12, in keeping with the comptroller, and the final ones ought to attain taxpayers by mid-November.

You possibly can at all times examine on the standing of your rebates by utilizing the The place’s My Rebate? utility.