Monday, October 17, 2022
SPRINGFIELD—The Illinois Office of Comptroller remains on schedule to process all $1.2 billion of the income and property tax rebates over the next two weeks. The one-time rebates, which are in addition to the regular annual refunds many tax filers qualify for, are a part of the Illinois Family Relief Plan to give higher-than-anticipated revenue back to the taxpayers.
For income taxes, individuals can receive $50 per person or $100 for a couple, as well as $100 per dependent, up to three. Property tax rebates are equal to the property-tax credits filers were able to claim, up to $300.
Today, Oct. 17, 2022, is the last day to submit information to the Illinois Department of Revenue to receive the rebates. If you filed taxes this year, you do not need to do anything to get the rebates. Those who filed to get their tax refund via direct deposit will get the rebate that way. Others will have checks sent to the address they have on file with the Department of Revenue.
The Illinois Office of Comptroller will continue to process rebates from the Department of Revenue after today until there are no more rebates to be sent. So far, two thirds of the rebates – 66% – have been sent to taxpayers.
“I would like to remind recipients of these rebates that this is your money. The state is back on a path of fiscal soundness. The Illinois Office of Comptroller has worked hard to eliminate our bill backlog, pay off our debts, put more money into pensions and reduce liabilities, upgrade our state’s credit worthiness and save for a rainy day. The Governor’s Illinois Family Relief Plan adopted by the General Assembly provides $1.8 billion in taxpayer relief,” said Comptroller Mendoza.
In addition to rebates for income and for property taxes, the plan called for a suspension of a gas-tax increase, expansion of the state’s earned income credit and a temporary removal of state-sales tax on groceries and school supplies.
“I have received notes from many taxpayers who are thankful the state is giving them back their own money. Many are seniors who will use these funds for medicine and groceries. It’s the right thing to do and I’m glad my office can help get this done for them,” Comptroller Mendoza said.
For more information about the tax rebates, see the Department of Revenue’s website: https://www2.illinois.gov/rev/programs/Rebates/Pages/Default.aspx