Enlarge image | ILLINOIS DEPARTMENT OF REVENUE DRAFT FORM Note: The draft you are looking for begins on the next page. Caution: DRAFT—NOT FOR FILING This is an early release draft of an Illinois Department of Revenue (IDOR) tax form or instructions, which IDOR is providing for substitute forms providers. Do not file draft forms and do not rely on draft forms and instructions for filing. We incorporate all significant changes to forms posted with this coversheet. However, unexpected issues occasionally arise, or legislation is passed—in this case, we will post a new draft of the form to alert users that changes were made to the previously posted draft. All forms and instructions have a page on our website at Tax Forms (illinois.gov) where you may see the final versions once they are released. Year-end income tax forms are usually released towards the end of January. If you wish, you can submit comments and questions to IDOR about draft or final forms and instructions at REV.VendorForms@illinois.gov. We will forward this information to the Office of Publications Management, where forms and publications are administered. IDR-1-DIS (N-08/23) Printed by authority of State of Illinois, web only –one copy. |
Enlarge image | *66112231V* Illinois Department of Revenue 2023 Schedule IL-E/EIC Illinois Exemption and Earned Income Tax Credit Attach to your Form IL-1040 IL Attachment No. 30 Read this information first The Illinois Expanded EITC Worksheet on Page 3 was added to Complete this schedule only if you are claiming determine the federal EITC calculation on which the Illinois EITC • dependents (Step 2) or amount is figured. • the Illinois Earned Income Tax Credit (EITC) (Step 3). Note:The total amount of Illinois EITC may exceed the amount of tax. New for 2023! Taxpayers who did not qualify for the federal EITC but Attach: If claiming the Illinois EITC, you must attach a copy of pages 1 did meet federal income guidelines, now qualify for the Illinois EITC if and 2 of your federal Form 1040 or 1040-SR to this schedule. the taxpayer is filing • with an Individual Taxpayer Identification Number (ITIN), or Warning: If you fraudulently claim the EITC, you may not be allowed • without a qualifying child and is at least age 18 or older to claim the credit for up to ten years. You also may have to pay (includingTENTATIVEtaxpayers over ages 65). penalties. FINAL Step 1: Provide the following information – – Your name as shown on your Form IL-1040 Your Social Security number Illinois Dependent Exemption Allowance Step 2: Dependent information Complete the table for each person you are claiming as a dependent. Note: If you are claiming more than ten dependents, complete and attach additional Dependent information tables. Number Eligible Dependent’s first Dependent’s last name Social Security Dependent’s Dependent’s Full Person of for name number or relationship date of birth time with months Earned Individual to you (mm/dd/yyyy) student disability living Income Taxpayer with you Credit Identification number 1 Multiply the total number of dependents you are claiming by $2,425. _____ X $2,425. Enter the result here and on Form IL-1040, Line 10d. 1 .00 Continue to Page 2 to calculate Illinois Earned Income Tax Credit IL-1040 Schedule IL-E/EIC Page 1 of 3 (R-12/23) Printed by This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of authority of the state of Illinois. Electronic only, one copy. this information is required. Failure to provide information could result in a penalty. |
Enlarge image | *66112232V* Illinois Earned Income Tax Credit Complete this section only if you qualify for the Illinois EITC. New for 2023, even if you did not qualify for the federal EITC, you may be able to qualify for the Illinois EITC. See instructions to find out if you qualify. Note: You must complete the table in Step 3 only if you are claiming a qualifying child not included in Step 2. Attach: a copy of federal Form 1040 or 1040-SR, Pages 1 and 2. Remember: Intentionally submitting false information is a crime under Section 1301 of the Illinois Income Tax Act. Step 3: Qualifying Child Information Complete the table for qualifying children that are not included in Step 2. Number Child’s first name Child’s last name Social Security Child’s Child’s date of Full Person of months TENTATIVEnumber or relationship birth time FINALwith living with Individual to you (mm/dd/yyyy) student disability you Taxpayer Identification number 1 Enter your wages, salaries and tips from your federal Form 1040 or 1040-SR, Line 1z. 1 .00 2 Enter your business income or (loss) from your federal Form 1040 or 1040-SR, Schedule 1, Line 3. If you report an amount on Line 2, you must answer the question in Line 2a below. 2 .00 2a Does your occupation require a city, state, or county issued professional license, registration, or certification? 2a Yes No 3 If you are filing your 2023 federal return as married filing jointly but are filing your 2023 Illinois return as married filing separately, enter your federal adjusted gross income (AGI) from your married filing jointly federal Form 1040 or 1040-SR, Line 11. 3 .00 3a If you entered an amount on Line 3, enter your spouse’s Social Security number from your married filing jointly federal return. 3a - - 4 Is the statutory employee box marked on your W-2, Wage and Tax Statement, Box 13? 4 Yes No Step 4: Figure your Illinois EITC 5 If you qualify for the federal EITC, go to Line 6. If you do not qualify for the federal EITC, but do qualify for the Illinois EITC, check this box and complete the Illinois Expanded EITC Worksheet on Page 3 before continuing to Line 6. See instructions to find out if you qualify. 5 6 Enter the amount of federal Earned Income Tax Credit from your federal Form 1040 or 1040-SR, Line 27, or the amount from the Illinois Expanded EITC Worksheet, Line 23. 6 .00 7 Multiply the amount on Line 6 by 20% (0.2). 7 .00 8 Illinois residents: Enter 1.0. Nonresidents and part-year residents: Enter the decimal from Schedule NR, Line 48. 8 9 Multiply Line 7 by the decimal on Line 8. This is your Illinois EITC. Enter this amount here and on your Form IL-1040, Line 29. 9 .00 Important: If you qualify for the Federal EITC, do not complete the Illinois Expanded EITC Worksheet on Page 3. Enter the amount of your federal EITC on Line 6. IL-1040 Schedule IL-E/EIC Page 2 of 3 (R-12/23) |
Enlarge image | *66112233V* Illinois Expanded EITC Worksheet - Complete only if you checked the box on Step 4, Line 5. Part 1 Your Earned Income 1 Enter the amount from federal Form 1040 or 1040-SR, Line 1z. 1 2 Enter the amount from Line 1 that is from medicaid waiver payments that you don’t choose to include in earned income (federal Form 1040 or 1040-SR, Line 1d). 2 3 Subtract Line 2 from Line 1 and enter the result. 3 4 Enter all of your nontaxable combat pay from federal Form 1040 or 1040-SR, Line 1i, if you elect to include it in earned income. 4 5 Add Lines 3 and 4 and enter the result. If you were not self-employed and did not have Number to file federalof monthsSchedulePersonSE, goFullto LineChild’s15. Otherwise,date of continueChild’sto Line 6.Social Security Child’s last name 5 Child’s first name 6 EnterTENTATIVElivingthe amountwith fromwith federaltimeSchedule SE,birthPart I, Linerelationship3. number or 6 FINAL you disability student (mm/dd/yyyy) to you Individual 7 Enter the amount from federal Schedule SE, Part I, Line 4b and Line 5a. Taxpayer 7 8 number Add Lines 6 and 7 and enter the result. Identification 8 9 Enter the amount from federal Schedule SE, Part I, Line 13. 9 10 Subtract Line 9 from Line 8 and enter the result. 10 11 Enter any net farm profit or (loss) from federal Schedule F, Line 34; and from farm partnerships, federal Schedule K-1 (federal Form 1065), Box 14, Code A. 11 12 Enter any net profit or (loss) from federal Schedule C, Line 31; and federal Schedule K-1 (federal Form 1065), Box 14, Code A (other than farming). 12 13 Enter the amount from federal Schedule C, Line 1, that you are filing as a statutory employee. 13 14 Add Lines 10, 11, 12, and 13 and enter the total. 14 15 Add Lines 5 and 14 and enter the total. If Line 14 is blank, enter the amount from Line 5. If the total is zero or negative, enter “0” zero. 15 16 Is the amount on Line 15 equal to or less than the amount in Table 1 (below) for your filing status and number of qualifying children? 16 Yes No If yes, continue to Part 2. If No, STOP; you do not qualify for the Illinois EITC. Table 1 Federal EITC Income Limits Qualifying Children Filing as Single, Head of Filing as Married Filing Jointly Claimed Household, or Widowed Zero $17,640 $24,210 One $46,560 $53,120 Two $52,918 $59,478 Three $56,838 $63,398 Part 2 Your Federal EITC Calculation 17 Enter your total earned income from Part 1, Line 15. 17 18 Look up the amount on Line 17 in the federal Form 1040 Instructions for Line 27, EIC Table, to find the credit amount. Be sure you use the correct column for your filing status and the correct number of qualifying children. Enter the credit amount here. 18 19 Enter the amount from federal Form 1040 or 1040-SR, Line 11 (AGI). 19 20 Are the amounts on Lines 17 and 19 the same? 20 Yes No If Yes, skip Lines 21 and 22, and enter the amount from Line 18 on Line 23. If No, go to Line 21. 21 If you have: • No qualifying children, is the amount on Line 19 less than $9,800 ($16,400 if married filing jointly)? • 1 or more qualifying children, is the amount on Line 19 less than $21,600 ($28,150 if married filing jointly)? 21 Yes No 22 If Line 21 is Yes, leave Line 22 blank and enter the amount from Line 18 on Line 23. If Line 21 is No, look up the amount on Line 19 in the federal Form 1040 Instructions for Line 27, EIC Table, to find the credit. Be sure you use the correct column for your filing status and the correct number of qualifying children. Enter the credit amount here. 22 23 If you have an amount on Line 22, compare the amounts on Lines 18 and 22, and enter the smaller amount.This is your federal EITC calculation. Enter this amount on Page 2, Step 4, Line 6. 23 IL-1040 Schedule IL-E/EIC Page 3 of 3 (R-12/23) |