<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=4400705&amp;fmt=gif">
Money

Illinois residents could receive one-time tax rebate worth up to $700 in next few weeks

Eligible Illinois residents will receive up to $700 in tax rebates within the coming weeks as part of the state's family relief plan.

These rebates are tied to the Illinois Family Relief Plan, which was supported by state Sen. Meg Loughran Cappel. The plan includes millions of dollars aimed at providing relief in several different ways, including tax rebates.

STIMULUS UPDATE: DIRECT, ONE-TIME INFLATION RELIEF CHECKS WORTH $1,050 TO BE SENT OUT NEXT MONTH

Illinoisans who filed taxes in 2021 are eligible for rebates of up to $700, with specific amounts based upon filing and dependents. Individual filers making less than $200,000 will receive a $50 rebate, and couples making less than $400,000 will receive $100.

Filers with dependents will receive an additional $100 per dependent for a maximum of three.

Those who also paid 2021 property taxes on their primary residence, and whose income is "less than $250,000 individually or $500,000" jointly, according to a press release from the Illinois Senate Democrats, will receive up to an additional $300. The release also noted rebates provided by the government "will be equal to the property tax a resident was qualified to claim on their 2021 taxes."

Residents have until Oct. 17 to file taxes to receive the rebates. Those who have already filed will see them arrive this week.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

“I want Illinois families to know they are not alone — we are in your corner to help you navigate this uncertain time,” the state senator said of the rebate legislation. “These rebates will help people with everyday expenses, like gas and groceries. However, should you choose to use it for leisure, please shop local.”