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Deductions & credits
As stated above, there is an income limitation on the Property Tax Credit. TurboTax will automatically adjust the credit amount to zero if your income is over the threshold.
- If your federal filing status is married filing jointly and your federal AGI is greater than $500,000, you are not entitled to a property tax credit or a K-12 education expense credit.
- If your federal filing status is single, head of household, married filing separately, or widowed and your federal AGI is greater than $250,000, you are not entitled to a property tax credit or a K-12 education expense credit.
For more information, see Publication 108, Illinois Property Tax Credit
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March 6, 2025
8:32 PM
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