Yes, it is possible for them to owe however, you need to enter the real estate taxes they paid in 2018 so they could get the credit calculated on IL
2018 Schedule ICR IL Credits. Generally, this zero's out a balance due or reduces the amount owed.
- Your parent's federal Adjusted Gross Income (AGI) gets carried over to the IL return. Retirement income is not taxed so it is deducted from their AGI.
- Their IL exemption amount for a Married Filing Jointly couple si $4,450 and if both are over 65, they get to deduct another $2,000 for a total of $6,450.
- They can also apply the credit for real estate taxes paid on IL Schedule ICR.
