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One-time income and property tax rebates begin today

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Illinois

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. […]

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.

* NBC…

On top of the income tax rebates, some homeowners may receive more assistance.

Qualified property owners will receive a rebate equal to the property tax credit claimed on their 2021 IL-1040 form, with a maximum payment of up to $300. To be eligible, you must have paid Illinois property taxes in 2021 on your primary residence and your adjust gross income must be $500,000 or less if filing jointly. If filing alone, your income must be $250,000 or less.

Rebates will be distributed in the method that your original income tax refund was sent, according to the state of Illinois website. If you did not receive a refund, did not file an Illinois income tax return, or are requesting the property tax rebate separately, then your rebate will be sent by paper check.

As is the situation with the income tax rebates, property owners who completed the IL-1040 form will receive rebates automatically. If you didn’t, though, there’s no need to worry.

* Pritzker press release…

The rebate payments, which will take at least eight weeks to be issued in total, will be sent automatically to Illinois residents who filed 2021 state income taxes and claimed a property tax credit. Those who have not filed can still access the rebates after completing additional filing. […]

“I’m very pleased to announce that we remain on schedule and the first wave of tax rebate checks will be going out to taxpayers beginning today,” Comptroller Susana A. Mendoza said. “My Office will be working diligently to get these rebates into the hands of taxpayers. After all, it’s your money. A total of $1.2 billion dollars will be released over the next 6-8 weeks to nearly 6 million taxpayers.”

“If direct deposit was used, the rebates will be deposited directly into taxpayers’ accounts,” said Illinois Department of Revenue (IDOR) Director David Harris. “If there was no refund or a paper refund was issued, the rebate will be mailed to the address on file. Taxpayers who did not receive a refund directly from the state of Illinois, such as those who received an advancement of their refund from their preparer, will receive a paper rebate check mailed to the address on file.”

posted by Isabel Miller
Monday, Sep 12, 22 @ 2:38 pm

Comments

Golly gee whiz, now I can afford a cup of coffee and donut when I get a tank of gas this week.

Comment by Huh? Monday, Sep 12, 22 @ 2:52 pm
==Golly gee whiz, now I can afford a cup of coffee and donut when I get a tank of gas this week. ==

I’ll take your share of the money, then.

Comment by Arsenal Monday, Sep 12, 22 @ 2:59 pm
“I’ll take your share of the money, then.”

You are 4th in line after Sheba and the other women in my life. They have first dibs.

Comment by Huh? Monday, Sep 12, 22 @ 3:02 pm
==You are 4th in line after Sheba and the other women in my life. They have first dibs. ==

Sounds like a lot of people are looking forward to this rebate.

Comment by Arsenal Monday, Sep 12, 22 @ 3:07 pm
A rebate of a tank of gas rings a bit hollow . . . . .

Comment by Intentional Monday, Sep 12, 22 @ 3:12 pm
Even more people will have an interest once my grandson is born in March.

Comment by Huh? Monday, Sep 12, 22 @ 3:12 pm
I wish this money had been given to those who were needier…….$100 doesn’t mean a lot to someone making $400,000, but it sure does to someone making $35,000 a year. We will be donating ours to a local organization that helps those in need.

Comment by Grateful Gail Monday, Sep 12, 22 @ 3:21 pm
If you have ependents, you can get up to $300 for the income tax rebate, and you can also get up to another $300 in the property tax rebate. Where are y’all buying coffee and gas for $600?

Comment by Big Dipper Monday, Sep 12, 22 @ 3:27 pm
dependents

Comment by Big Dipper Monday, Sep 12, 22 @ 3:27 pm
Funny how a few hundred in rebates is so paltry to some. If it were a few hundred in tax increases, the shrieks of agony and pearl clutching would resound throughout the political miasma. I would rather see the income rates at $150,000 & $300,000 with more going to lower income earners. Ours will go to elect progressive Dems.

Comment by Froganon Monday, Sep 12, 22 @ 3:39 pm
Complaints about this really does fall into the category of “People will complain about anything.”

Comment by Demoralized Monday, Sep 12, 22 @ 3:45 pm
There will be cuts and they will be painful.

Comment by City Zen Monday, Sep 12, 22 @ 3:48 pm
This was blatant political pandering. What Our Governor and Dem legislature should have done is to take the money they are squandering and made a bigger pension contribution. That would have been a bigger benefit to taxpayers in future years

Comment by Sue Monday, Sep 12, 22 @ 4:30 pm
- Sue -

But aren’t you one that says, and I can check, that people are better with their money than government.

I mean, this is taking money and giving it back to people.

:)

Comment by Oswego Willy Monday, Sep 12, 22 @ 4:37 pm
===Golly gee whiz===

First one complains Springfield takes too much. Then one complains that what they are getting back “isn’t enough”

Seems to be its whomever is the one that’s doing the giving is how one might show appreciation?

Comment by Oswego Willy Monday, Sep 12, 22 @ 4:39 pm
OW- apples to oranges. What I am saying is the State has a huge huge outstanding obligation which accrues at 8 percent per annum on its unfunded balance. If you have spare cash rather then do something stupid like blowing it on an unnecessary handout hoping to make voters think more highly towards you 2 months before elections- better to pay down your obligations and save taxpayers multiples of this handout over the coming decades

Comment by Sue Monday, Sep 12, 22 @ 4:44 pm
===apples to oranges.===

LOL, “Sure, - Sue -“

You are notorious for making it about the waste of money in Springfield, the thing is, you see folks getting money back *here* as a good political ploy you don’t approve….

… but when it comes to folks handling their money better than Springfield, you’ll be first to type how people handle their money better than sending it to Springfield.

You’re a phony to this.

Comment by Oswego Willy Monday, Sep 12, 22 @ 4:51 pm