Illinois residents have less than two weeks to claim up to $700 in tax rebates as part of the state’s family relief plan.
The tax rebates are part of a bill backed by state Sen. Meg Loughran Cappel that set aside millions of dollars for those who filed their taxes in 2021, aiming to provide financial support amid increased expenses in the state. People living in the state have until Oct. 17 to file last year’s taxes to receive this payment.
“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 UPDATE: DIRECT $487 PAYMENTS BEING SENT OUT FROM WEDNESDAY FOR MORE THAN 1 MILLION PEOPLE
The amount that filers receive will depend on each filer and the number of dependents claimed. For people who file individually and make less than $200,000, they will receive a $50 rebate, while joint filers making less than $400,000 will be given $100.
Filers will be able to receive an additional $100 per dependent for a maximum of three dependents. Those who paid property taxes in 2021 on their primary residence and make less than $250,000 individually or $500,000 jointly will be awarded an additional $300.
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Illinois is one of many states seeking to provide financial relief to residents amid high inflation. On Friday, California will begin mailing the Middle Class Tax Refund to state residents, who will receive up to $1,050 through the payment.
