What’s New for 2024?

Our enhanced efforts to protect Illinois taxpayers from identity theft and tax fraud have proven to be highly successful. We will continue to combat the criminals attempting to steal your identity to file fraudulent tax returns while making every effort to get your tax refund to you as quickly as possible.

Please remember, filing your return electronically and requesting direct deposit is still the fastest way to receive your refund. You can file for free using MyTax Illinois, our online account management program for taxpayers. For more information, go to mytax.illinois.gov or visit our website.

The due date for filing your 2024 Form IL-1040 and paying any tax you owe is April 15, 2025.

The Illinois income tax rate is 4.95 percent (.0495).

The personal exemption amount for tax year 2024 is $2,775.

Per Public Act 103-0592, the Volunteer Emergency Worker Credit was expanded to include IEMA volunteers, and the Child Tax Credit was added on Line 30. This credit is available for taxpayers who qualify for the Illinois EITC and have at least one child that is their dependent and under the age of 12 years old. The credit is calculated as 20% of the Illinois EITC.

A check box was added to schedules to indicate if the schedule is being attached to the IL-1040-X, Amended Illinois Income Tax Return.

Public Act 103-0592 made changes to the Wages Paid to Ex-Felons credit including renaming the credit as the Wages Paid to Returning Citizens credit.

Public Act 103-0595 added Quantum Computing Campuses Credit.

Public Act 103-0592 extended Student-Assistance Contributions, and Adoption credits, and Public Act 103-0595 extended Research and Development Credits.

Invest in Kids and Agritourism Liability Insurance Credits expired.

Line 40 was updated to clarify the subtraction for disallowed deductions under IRC Section 280E for cannabis establishments, cannabis cultivation centers, or medical cannabis dispensing organizations.

Per Public Act 103-0478, Line 41 was added for amounts awarded as a result of a judgment or settlement for fertility fraud or donor fertility fraud.

Per Public Act 103-0592, the Volunteer Emergency Worker Credit was expanded to include volunteers with Illinois Emergency Management Agency (IEMA) and Office of Homeland Security (OHS). Note: You must have a Voluntary Emergency Worker Credit Certificate to claim this credit.

Step 4 and the Illinois Expanded EITC Worksheet were updated to simplify claiming the Illinois EITC.

Per Public Act 103-0592, the Child Tax Credit was added on Step 5.

The 100 Club of Illinois Fund was removed due to not meeting the minimum donation amount.