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Category: Illinois
31 Articles
Orange arrow How Do I Receive Credit for Taxes Paid to a State Other Than Illinois?

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  What is the purpose of Schedule CR? Schedule CR, Credit for Tax Paid to Other States, allows you to take a credit for income taxes you paid to other states on income you received while a resident of Illinois. You are allowed this credit only if you filed a required tax return with the other state. ...
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Orange arrow How Do I Amend My Illinois State Tax Return?

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  You should file Form IL-1040-X, Amended Individual Income Tax Return, if you need to change a previously filed Form IL-1040, Individual Income Tax Return, due to a change that affects items used to figure your Illinois net income or credits. Your change can occur from a state change or a federal c...
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Orange arrow What Categories Fall Under Illinois Other Subtractions?

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  Other Subtractions to Income Include: Contributions you made to "Bright Start" and "Bright Directions" College Savings Pools and "College Illinois" Prepaid Tuition Program Distributive share of subtractions from a partnership, S corporation, trust, or estate Restoration of amounts he...
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Orange arrow What Are Some Examples of Retirement Income That is Not Taxable in Illinois?

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  Federally taxed Social Security benefits and certain retirement plans are not taxable to IL. You may subtract most retirement income if it is included in Form IL-1040, Line 1. This includes income from: Qualified employee benefit plans (including railroad retirement and 401(K) plans) Ind...
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Orange arrow How Do I Obtain My Illinois Property Index Number?

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  You must enter your property number exactly as it appears on your property tax bill or assessment notice. Your property number is found near the top of your property tax bill or assessment notice. If your property taxes are paid through your mortgage, you may contact your lender for your property ...
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Orange arrow Illinois Payment Options

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  You may pay by • electronic payment. To have your payment electronically taken from your checking or savings account, visit mytax.illinois.gov, or ask your tax professional. You need the same information that is required for direct deposit (see the instructions for Line 37) plus your IL-PI...
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Orange arrow What States Have a Reciprocal Agreement with Illinois?

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  An Illinois resident who worked in Iowa, Kentucky, Michigan, or Wisconsin, you must file Form IL-1040 and include as Illinois income any compensation you received from an employer in these states. Compensation paid to Illinois residents working in these states is taxed by Illinois. Based on recipro...
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Orange arrow What are the options for Illinois Contributions or Donations?

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  Schedule G, Voluntary Charitable Donations, allows you to figure the amount of donations that you wish to make to one or more of the eligible funds. You may contribute any whole-dollar amount of $1 or more. Once you designate the funds to which you wish to contribute and the amount of your contrib...
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Orange arrow Who are qualified to claim Illinois dependent care assistance program tax credit ?

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  Dependent Care Assistance Program (Credit Code 2200) 35 ILCS 5/210 You qualify for this credit, for tax years ending on or after June 30, 1995, if • you are primarily engaged in manufacturing, and • you have an on-site facility dependent care assistance program that is in Illinois a...
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Orange arrow What is the Illinois High Impact Business Investment Credit?

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  High Impact Business Investment (Credit Code 5220) 35 ILCS 5/201(h) “Qualified property” is property that • is tangible; • is depreciable according to Internal Revenue Code (IRC) Section 167; • has a useful life of four or more years as of the date placed in service i...
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Orange arrow What Forms Must I FIle if I Am A Illinois Part-Year or Nonresident?

2153 views
  If you were a part-year resident, you must file Form IL-1040 and Schedule NR, Nonresident and Part-Year Resident Computation of Illinois Tax, if you earned income from any source while you were a resident, you earned income from Illinois sources while you were not a resident, or you want a ...
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Orange arrow Who Must File an Illinois Tax Return?

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  If you were an Illinois resident, you must file Form IL-1040 if you were required to file a federal income tax return, or you were not required to file a federal income tax return, but your Illinois base income from Line 9 is greater than your Illinois exemption allowance. an Illinois res...
Posted in: States, Illinois

Orange arrow What States Have a Reciprocal Agreement with Illinois?

1637 views
  An Illinois resident who worked in Iowa, Kentucky, Michigan, or Wisconsin, you must file Form IL-1040 and include as Illinois income any compensation you received from an employer in these states. Compensation paid to Illinois residents working in these states is taxed by Illinois. Based on recipro...
Posted in: States, Illinois

Orange arrow How can I use my Illinois unused credit carry forward?

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  “Unused credit carryforward” is any credit amount that you earned in a previous year, less any credit that you applied to unpaid tax in following tax years, less any credit that has expired. For example, if you earned a Dependent Care Assistance Program Credit in 2017 in the amount of $...
Posted in: States, Illinois

Orange arrow Do I Qualify for the Illinois Tax Credit for Affordable Housing Donations?

1122 views
  Affordable Housing Donations (Credit Code 5260) 35 ILCS 5/214 You may take this credit if • you have made a donation under Section 7.28 of the Illinois Housing Development Act for the development of affordable housing in Illinois, and • you made the donation in a tax year ending on ...
Posted in: States, Illinois


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