Am I Eligible for the Illinois Property Tax Credit?

Am I eligible for a property tax credit? You may figure a credit for the Illinois property taxes you paid on your principal residence (not a vacation home or rental property) for the time you owned and lived at the property during the tax year, if that residence was in Illinois. Nonresidents of Illinois may not take this credit. You may not figure a credit for mobile home privilege tax, [...]

What Categories Fall Under Illinois Other Subtractions?

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 held under claim of right Contributions to a job training project Expenses related to [...]

What Are Some Examples of Retirement Income That is Not Taxable in Illinois?

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) Individual Retirement Accounts or self-employed retirement plans Social Security and railroad [...]

District of Columbia Payment Options

Payment Options ACH Debit ACH debit is available for taxpayers who have signed up for MyTax.DC.gov. There is no fee. Bank account information is stored within their online account. MyTax.DC.gov can store multiple bank accounts across mutiple tax types. Taxpayers give the right to debit the money from their bank account. Ensure you allow 1-3 business days if entering change of banking [...]

District of Columbia Disabled Income

Who may file a Form D-2440? You must meet all of the following requirements: • If you are married or registered domestic partners, you are filing a joint return; • You received disability payments during 2021; • You were under the age of 65 on December 31, 2021; • You retired on disability and were permanently and totally disabled when you retired; • On [...]