An estimated 6.2 million taxpayers will benefit from a number of transient tax breaks and rebates included in the project.
The residents of our state deserve to know that they are not alone in the face of historically high inflation rates. Juliana Stratton, the lieutenant governor of Illinois, declared, "We are with them.
Illinois takes action to lessen the load when our folks are struggling to pay their bills, buy food and gas, and make ends meet.
Here is how the state's taxpayers will benefit from the Illinois Family Relief Plan, which went into effect on July 1.
You qualify for a $50 state rebate if you reported less than $200,000 in income on your 2021 taxes.
Couples with incomes under $400,000 will receive $100, and filers will receive an extra $100 for each child under the age of 18 living in their home, up to a maximum of $300.
For homes that made less than $250,000 annually, or $500,000 for couples, the state is also providing a reimbursement.
Homeowners may get up to $300, which is equal to the $300 in property tax credits for which they were eligible in 2021.