ILLINOIS Tax Returns with ExpressTaxRefund.com! |
|
Looking to cut down on tax preparation time? You can file your ILLINOIS income taxes and federal taxes at the same time using ExpressTaxRefund.com. ExpressTaxRefund.com simplifies the tax preparation process by automatically filling in any matching information into both your state and federal tax forms. Do you live in Illinois? Now that its tax time you should be aware of some important stipulations regarding the state's income tax rules. Illinois assesses state tax at a flat rate of 5% on all federal AGI wages. Another important factor is that Social Security benefits are exempt from Illinois state taxes. Retirement Income Exemptions As an Illinois resident, receiving distributions from a qualified retirement plan means your retirement benefits are exempt from being taxed by the state. Qualified retirement plans include:
Which Form to File? Illinois residents are required to file Form IL-1040 if they are required to file a federal income tax return. If a federal return is not required, Illinois residents must report state income from line 9 on IL-1040 if it is greater than the state exemption. Illinois has a reciprocal tax agreement with Iowa, Kentucky, Michigan and Wisconsin. IF you earned income in any of these states, you are not subject to income tax in those states. You do need to report this income on your Form IL-1040. ExpressTaxRefund.com supports all state income tax returns. Washington D.C. along with 41 states have income tax returns. If you live in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you only need to file your Federal Income Tax Return with the IRS. Benefits of using ExpressTaxRefund.com:
Take advantage of online E-Filing services available through ExpressTaxRefund.com Filing your tax return with ExpressTaxRefund.com is faster than ever. Choose direct deposit, and receive your tax refund even quicker! Be kept up to date on the status of your return. You can view the status of your tax return right through our website, with daily updates to your account and filing status with the IRS. Customer Support : |
State Tax Returns | ||