topic Illinois property tax credit not being applied in Deductions & credits

Illinois property tax credit not being applied

kimblechinger23 — Mon, 02 Mar 2026 18:06:49 GMT

Re: Illinois property tax credit not being applied

Mike9241 — Mon, 02 Mar 2026 19:35:02 GMT

Is line 1 of the Illinois 1040 more than $500,000 if filing a joint return or over $250,000 for any other filing status? If yes, then you don't get the credit. if that's not your situation, then you answer 1 or more questions for the Illinois Form ICR incorrectly

Note: For tax years beginning on or after January 1, 2017, the Illinois Property Tax Credit is not allowed if the taxpayer’s adjusted gross income for the taxable year exceeds $500,000 for returns with a federal filing status of married filing jointly, or $250,000 for all other returns.

Re: Illinois property tax credit not being applied

Karis_F — Mon, 02 Mar 2026 19:43:28 GMT

The Illinois Property Tax Credit is a nonrefundable credit, which means it can reduce your IL tax liability to zero but cannot result in a refund of any excess credit amount.

Follow these steps in TurboTax Online to enter information in the Illinois tax return organizer to calculate the property tax credit:

1. Go to the screen for IL Credits and Taxes and scroll down to Property Tax Credit and Start/Revisit

2. Answer the questions about property tax you paid and enter the property information

3, Enter any property tax amounts that were not on your residence or were deducted elsewhere on your IL return

4. Your property tax credit will be calculated on the next screen.

The credit will be on Schedule ICR - Section A, Line 5.

This amount will carry to Sch ICR, Line 13 (Total Nonrefundable Credits), which will carry to Form IL-1040, Line 16.

Here is information from the Illinois Department of Revenue about the Property Tax Credit.