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skerna
Returning Member

Illinois Property Tax Credit for 2024

I meet all the requirements and I get a tax credit of $0.  Income is well below the cap.  I have double checked my answers and I just can't find any reason after searching why I am not eligible.  Any suggestions?

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MayaD
Employee Tax Expert

Illinois Property Tax Credit for 2024

If you meet the requirements, you claim the credit when you prepare your Illinois State return. 

  1. Open your state return 
  2. Continue to the screen Take a look at Illinois credits and taxes
  3. Scroll to the section property tax credit.

 

The credit is a non-refundable credit that is used to offset your tax liability. If you don't have any, you won't get the property tax credit 

Also, you may not take a credit on your 2024 return for property you purchased in 2024.

 

2024 Schedule ICR IL-1040 Instructions

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