The income and property tax refund checks that are part of the Illinois Family Relief Plan began rolling out last month after receiving initial approval in April, but for those who don’t have not yet received their reimbursement, a form may be required.
Some residents must complete an IL-1040 form in order to receive their checks. The deadline to do so is October 17.
Now, just because you haven’t received your check yet doesn’t mean the form is required.
Distribution of the checks is expected to take about eight weeks according to Governor JB Pritzker’s office.
Those who are unsure can check their refund status below.
About six million Illinois residents are expected to be eligible for the rebates, representing nearly half of the state’s total population.
“Illinois’ Family Relief Plan continues to fight inflation and reduce costs for the people of our state during these tough economic times,” Lt. Gov. Juliana Stratton said in a statement the week last. “Income and tax refunds are poised to ease the burden and provide support to families across the state. Our administration cares and will continue to do everything in its power to make Illinois one of the best states in the country to live in.
Here’s what you need to know.
How much money could you get and who is eligible?
There will be two discounts. One is income taxes and the other is property taxes.
The income tax refund provides that a single person will receive $50, while those filing taxes jointly should receive a total of $100, the Mendoza office said in a news release. Residents with dependents will receive reimbursement of up to $300 – $100 per dependent, with a maximum of three.
Income limits of $200,000 per individual taxpayer, or $400,000 for joint filers, will be attached to the checks, officials said. To qualify, you must have been a resident of Illinois in 2021 and meet the income criteria. Those who have completed the IL-1040 2021 tax form will automatically receive their refunds.
Those who have not yet filed a personal income tax return and completed the form can still apply for their refund by completing the online form. Residents with dependents must also complete the 2021 Schedule IL-E/EIC form.
In addition to income tax refunds, some homeowners may receive additional assistance.
Qualifying homeowners will receive a refund equal to the property tax credit claimed on their 2021 Form IL-1040, with a maximum payment of $300. To be eligible, you must have paid 2021 Illinois property taxes on your primary residence and your adjusted gross income must be $500,000 or less if filing jointly. If you are filing alone, your income must be $250,000 or less.
The rebates will be distributed according to the method of sending your original income tax refund, according to the State of Illinois website. If you did not receive a refund, did not file an Illinois tax return, or are claiming the property tax refund separately, your refund will be mailed to you by paper check.
As is the case with income tax refunds, owners who have completed Form IL-1040 will automatically receive refunds. If you haven’t, you don’t have to worry.
Homeowners can still receive this refund as long as they complete Form IL-1040. To be eligible, you must submit the form by October 17.
How can I check the status of my discounts?
For more information or to check the status of a rebate, visit tax.illinois.gov/rebates. Those who need it can also call 1-800 732-8866 Where 217-782-3336.
When could you get your money?
State officials say the payments could take at least eight weeks in total to be distributed.
If you did not receive a refund or if you received a refund by paper check, it may take longer for the refund to be issued, depending on state officials. Taxpayers who have not yet filed or submitted a Form IL-1040 will receive their refund upon review of the submission.
Comptroller Susana Mendoza said things were “staying on schedule”, but September 12 only marked the start of the first wave of checks.
“My office will work diligently to ensure these refunds are in the hands of taxpayers,” she said in a statement. “After all, it’s your money. A total of $1.2 billion will be released over the next six to eight weeks for nearly six million taxpayers.