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Illinois Individual Income Tax Filing Season Update - May 12, 2021 |
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Tax Refunds Being Issued for Eligible Residents Who Received Unemployment Benefits
The Illinois Department of Revenue (IDOR) has begun recalculating electronically filed 2020 individual income tax returns and will notify taxpayers who filed before March 15, 2021, of the systemic adjustment of their AGI and the amount of any refund due.
Eligible taxpayers can expect to receive their refund checks approximately two to three weeks after they receive a notification letter from IDOR.
IDOR will also notify an estimated 3,300 paper filers who filed prior to the implementation of the federal unemployment exclusion that they will need to file an amended return to qualify for any refund due.
For taxpayers who filed electronically on or after March 15 and included the unemployment exclusion on their federal and state individual income tax returns, no additional filing changes are required. For taxpayers who filed electronically on or after March 15 but did not include the unemployment exclusion when calculating their AGI, an amended return must be filed to adjust their AGI.
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Earned Income Credit
Illinois tax filers who claim the Illinois Earned Income Credit (EIC) may also be eligible for an additional refund due to the newly enacted federal unemployment compensation tax exemption. IDOR estimates any additional refunds because of an increase to EIC will be issued late in 2021 once federal Earned Income Tax Credit data is provided to the state by the Internal Revenue Service.
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