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This is your nonrefundable credit amount. Enter this amount on Form IL-1040 Line 17. IL-1040 Schedule ICR front R-12/14 460501110 Continued on Page 2 Schedule ICR Page 2 U.S. 1040 Line 66a U.S. 1040A Line 42a or U.S. 1040EZ Line 8a. b Multiply the amount on Line 10a by 10. Illinois Department of Revenue 2014 Schedule ICR Attach to your Form IL-1040 Illinois Credits Read this information first IL Attachment No. 23 Illinois Property Tax Credit K-1.

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You will qualify for the property tax credit if: your principal residence during the year preceding the tax year at issue was in Illinois, and. you owned the residence, and. you paid property tax on your principal residence (excluding any applicable exemptions, late fees, and other charges).

2022 Schedule 1299-C - Income Tax Subtractions and Credits (for individuals)

Illinois state tax deductions Personal exemption of $2,275 per filer (and spouse, if filing jointly), which is subject to base income limits by filing status.

Illinois has a flat 4.95 percent individual income tax rate.

The state levies a 6.25 percent sales tax statewide, but municipalities can add up to 4.75 percent in local sales tax. The combined average sales tax rate is 8.82, ing to 2023 Tax Foundation data.

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.

Illinois has a flat income tax of 4.95%, which means everyone's income in Illinois is taxed at the same rate by the state. No Illinois cities charge a local income tax on top of the state income tax, though.

Illinois does not have a standard or itemized deduction; instead, it offers a personal exemption of $2,375 for the 2021 tax year.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232