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Education
Hello,
When I enter my $20k in contributions (married filing jointly) this year, it only results in a $15 impact to my IL refund. This is despite having >$20k in IL taxable income. Shouldn't this have a 4.95% * $20k = $990 positive impact in tax savings? Not understanding why it's limiting the $990 to just $15.
Thanks.
‎January 28, 2024
4:34 PM