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crtucci1
New Member

On my state return, why am not receiving the credits in section 6 . No schedule 1299-C was generated and the 5% credit on my property taxes were also not included?

I am referring to line 16 &17 of my state return. 
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1 Reply
AmyC
Expert Alumni

On my state return, why am not receiving the credits in section 6 . No schedule 1299-C was generated and the 5% credit on my property taxes were also not included?

Line 16 applies only if you received an emergency worker credit, see line 16 and line 17 details here.  Line 17 - The IL property credit is pretty straightforward. If you fail to meet one of these, you are not entitled. The 86 Ill Adm. Code 100.2180 states:

Notwithstanding any other provision of law, for taxable years beginning on or after January 1, 2017, no taxpayer is allowed a credit under this Section if the taxpayer's adjusted gross income for the taxable year exceeds:

 

  • A)        $500,000, in the case of spouses filing a joint federal tax return; or
  • B)        $250,000, in the case of all other taxpayers. (IITA Section 208)

For purposes of this provision, each spouse is a separate taxpayer.   A taxpayer will qualify for the property tax credit if:

  1.  the taxpayer's principal residence during the year preceding the tax year at issue was in Illinois; and
  2.  the taxpayer owned the residence; and
  3. the property tax billed in the tax year at issue has been paid.   This is the amount paid after factoring in any applicable exemptions.
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