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TAX reimbursements of up to $700 will be going out to thousands of US citizens this month.
Illinois residents have two weeks to file last year’s tax return to receive their portion of the family relief plan, which goes out in the next few weeks.
These are a part of a bill supported by state Senator Meg Loughran Cappel.
The bill reserved millions of dollars in rebates for those who filed 2021 taxes in Illinois.
Tax rebates have been hitting bank accounts and mailboxes across Illinois for the past three weeks. If you qualify and haven’t gotten your check yet, the deadline to submit necessary forms is fast approaching.https://t.co/lPw2tuGOA7
— WGN TV News (@WGNNews) October 4, 2022
It aims to combat rising inflation in the state.
Senator Cappel said: “From pandemic losses to the increased cost of living, families across the state are facing financial distress.
“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.”
Qualifying residents can receive a payment of up to $700.
Rebate amounts are in direct correlation with the number of dependents.
Hi neighbors – if you have not received your tax rebate as part of the Illinois Family Relief Plan, you can check the status of it online.https://t.co/bX6AcylRyZ pic.twitter.com/bqNEPgfLRB
— Senator Linda Holmes (@SenatorHolmes) September 30, 2022
An individual filer with a $200,000 yearly salary and no dependents will receive $50.
Joint taxpayers with a combined income of less than $200,000 are eligible for a $100 rebate.
Those eligible with children will receive an additional $100 per dependent.
Paying property taxes in the 2021 tax year, along with a salary of less than $250,000 for single and $500,000 for couples, will add an extra $300 to the total.
For older adults and retirees who were not required to file an Illinois income tax return for 2021, I am encouraging residents to claim their property tax rebate of up to $300 by submitting their form to the Illinois Department of Revenue.https://t.co/1NKzxbK0xi pic.twitter.com/0LLiLDx8aN
— State Senator Steve Stadelman (@SenStadelman) September 29, 2022
Americans looking only to receive the property tax rebate should only complete the IL-1040-PTR form.
The deadline to file for the property tax rebate is also October 17.
Officials have confirmed that both rebates will not be taxed.
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