Less Than One Month to Claim Illinois Tax Rebates (Aka a Stimulus Check By Any Other Name) – Illinois residents are all set to begin receiving a tax rebate worth as much as $700 under the Illinois Family Relief Plan. What amounts to a new stimulus check was established as part of legislation put forward by state Senator Meg Loughran Cappel, and it sets aside millions of dollars to be returned to those who filed their 2021 taxes.
“From pandemic losses to the increased cost-of-living, families across the state are facing financial distress,” Cappel said. “As a General Assembly, we recognized the daily struggles of hardworking people and passed a comprehensive plan to provide them with much-needed relief to help them get back on their feet.”
Stimulus Check: Do You Qualify?
To receive the rebates, you must be an Illinois resident and you must have paid Illinois property taxes in 2021. The taxes must have been paid on a primary residence in 2020, and an eligible person’s income will be $400,000 or less for those filing jointly and $200,000 or less for individuals.
How Much Can You Claim?
Under the scheme, taxpayers can expect a rebate in the amount of $50 and $100 per married couple filing taxes jointly. While it is significantly less than the rebates being passed in other states, like California where residents can expect as much as $1,050 from the Middle Class Tax Refund scheme, the Illinois rebate is easy to obtain and will be sent to most workers throughout the state.
Less Than One Month to Claim This Sort-Of New Stimulus Check
While payments are already in the process of being distributed, there are still some who are eligible to receive the stimulus check but who have not filed the necessary paperwork to receive them.
Thankfully, there is still time left for people to file. To receive the payment, taxpayers must file form IL-1040 by October 17.
Those who didn’t file that form, or who are not required to file their 2021 IL-1040, must still file the form to receive the income tax rebate. There are other forms that must be filed, too, to ensure eligibility. These include Schedule IL-E/EIC, Illinois Exemption, and Earned Income Credit which are all used to determine any eligible dependents.
Submitting the paperwork is simple. You may complete and submit the form digitally by using the MyTax Illinois system or submit paper form IL-1040-PTR.
For more information on how to submit the appropriate paperwork in time for October 17, use this guide from the state website.
Jack Buckby is a British author, counter-extremism researcher, and journalist based in New York. Reporting on the U.K., Europe, and the U.S., he works to analyze and understand left-wing and right-wing radicalization, and reports on Western governments’ approaches to the pressing issues of today. His books and research papers explore these themes and propose pragmatic solutions to our increasingly polarized society.