Illinois residents have just three days left to claim up to $700 in tax rebates that are meant to provide financial support amid increased living costs in the state.
The rebates are part of the state’s Family Relief Plan, which was introduced in a bill backed by state Sen. Meg Loughran Cappel and passed earlier this year. The legislation sets aside millions of dollars for those who filed their taxes in 2021 to help with rising costs due to the coronavirus pandemic and the increase in inflation.
STIMULUS UPDATE: DIRECT $487 PAYMENTS BEING SENT OUT FROM WEDNESDAY FOR MORE THAN 1 MILLION PEOPLE
“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.”
Eligible residents have until Monday to file last year’s taxes to receive the payment.
The amount each resident will receive varies depending on the taxes filed. For those who filed individually and make less than $200,000 annually, they will receive a $50 rebate. On the other hand, those who filed jointly and made less than $400,000 a year will receive $100.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Filers can receive an additional $100 per dependent for a maximum of three dependents, according to the plan. 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.
