Chicago, Illinois – The distribution of income and property tax refund checks to Illinois residents as part of the Illinois Family Relief Plan began this past Monday; however, it is likely that a large number of individuals have not yet received their checks.
The office of Illinois Comptroller Susana Mendoza has stated that the distribution of the rebate checks might take up to eight weeks, which indicates that checks would continue to be paid out until the late fall.
There is still time for residents to file their returns and determine whether or not they are qualified for the rebates; there are millions of residents who are eligible for the rebates because they paid state income taxes for the year 2021 or paid property taxes during the calendar year.
Officials in the state of Illinois have stated that citizens who file their 2021 IL-1040 tax returns electronically are eligible to receive a cheque for a state income tax rebate (which you can find HERE.) According to the officials, residents who are responsible for other people will also be required to fill out a 2021 Schedule IL-E/EIC form.
According to officials from the state, anyone who want rebates have until October 17 to fill out the appropriate documents.
Are you unsure about whether or not you will be paid for your services? If you filed your taxes in 2021, you will be eligible to receive rebates through the same mode of payment that you used to obtain your refund.
But even if you didn’t submit your taxes, there’s a chance you could still qualify for the rebates.
New income and property tax rebates are being offered this fall, and as a result, a number of Illinois residents may soon receive money in the form of checks in the mail or in their bank accounts; nevertheless, the question remains: who is qualified?
In order to be eligible for the rebate payments, local residents who aren’t compelled by law to fill out tax forms are required to do so voluntarily.
There is still a method to earn a rebate for taxpayers who paid property taxes but did not declare them on their tax return for the year 2021, as well as for taxpayers who haven’t submitted their tax returns for the year 2021. According to the officials, the applicants in question are required to fill out Form IL-1040-PTR in order to be qualified.
Taxpayers who filed their returns individually are entitled for a tax rebate of $50, while taxpayers who filed their returns jointly are eligible for a rebate of $100, provided that their taxable income was less than the applicable threshold of $200,000 or $400,000, respectively.
Those who file taxes and have dependents will be entitled for an additional rebate of up to three times the standard amount for each dependant they claim, which is $100.
Residents who have paid property taxes will be eligible for a rebate of up to $300, provided that the taxes were paid on their primary residence during 2021 and that they have an adjusted gross income that is less than $250,000 for individual filers or $500,000 for joint filers. Those who filed their taxes jointly will not be eligible for the rebate.
Residents are able to verify the status of their rebates by going to the state’s website or by using the toll-free number 1-800-732-8866.