Below is a list of subtractions as well as their descriptions of what can be subtracted from your Illinois return:
Contributions made to College Savings Plans (Line 13)
The total contribution deduction may not exceed $10,000 ($20,000 if married filing ling a joint return).
Distributive Share of Subtractions from a Partnership, S Corporation, Trust, or Estate (Line 14)
Enter your share of the subtractions reported on your K-1. An Illinois entity will send you a Schedule K-1-P or K-1-T specifically identifying your subtractions.
Restoration of Amounts Held Under Claim of Right (Line 15)
Enter the amount of the deduction used to calculate the federal tax credit held under IRC Section 1341 for claim of right or any itemized deduction taken from adjusted gross income when taxable income was calculated.
Contributions to a Job Training Project (Line 16)
Contributions made to the Tax Increment Allocation Redevelopment Act may be listed here as a subtraction to income.
Expenses related to federal credits or federally tax-exempt income (Line 17)
Enter expenses that were included in your adjusted gross income but were disallowed as federal deductions because they are related to exempt income.
Illinois Special Depreciation Subtraction (Line 19)
Enter the subtraction amount from Form IL-4562, Step 3, Line 10.
Contributions made to a qualified Illinois ABLE program (Line 20)
The total contribution deduction may not exceed $10,000 ($20,000 if married filing ling a joint return).
Military Pay Earned (Line 21)
Enter the amount of active duty military pay that you received from the U.S Armed Forces or the National Guard. You may not subtract the following:
- combat pay that is not included in your federal adjusted gross income, Line 1
- pay you received: under the Voluntary Separation Incentive, from the military as a civilian, or under the Ready Reserve Mobilization Income Insurance Program, as well as income for duty as an officer in the Public Health Service
U.S. Treasury Bonds, Bills, Notes, Savings Bonds, and U.S. Agency Interest (Line 22)
Enter the income received from US Treasury Bonds, bills, notes, savings bonds, US agency interest and other similar obligations that is included in income on line 1 of your IL-1040 form.
August 1, 1969 Valuation Limitation (Line 23)
Enter the amount from Schedule F, line 17 on your August 1, 1969 valuation limitation.
River Edge Redevelopment Zone and High Impact Business Dividend Subtraction (Line 24)
Enter the amount from Schedule 1299-C, Step 2, Line 7. Attach schedule 1299-C to the return. **Currently- we do not support this entry.
Recovery of Items Previously Deducted on U.S. 1040, Schedule A (Line 25)
Amount deducted on a previous year tax return, Schedule A, for which you have recovered income.
Ridesharing Money and Other Benefits (line 26)
If income from ridesharing is included in Line 2 of the Il 1040 form, enter the amount here.
Payment of Life Insurance, Endowment, or Annuity Benefits Received (Line 27)
If you received insurance payments or benefits before they would have been paid due to a terminal illness, enter the amount received here.
Lloyd’s Plan of Operations Income (Line 28)
If reported on your behalf on Form IL-1065 enter the income included in your adjusted gross income from a Lloyd’s plan of operations.
Income From Illinois pre-need Funeral, Burial, and Cemetery Trusts (Line 29)
If included on your Illinois return (Line 1 or Line 3), the amount of income earned by trust accounts.
Education Loan Repayments for Primary Care Physicians ( Line 30)
Can only be claimed if this income is included on your IL-1040 form (Line 1 or Line 3). Primary care physicians that agree to practice in designated areas for a specified period of time, may claim the amount of education repayments made.
Reparations or Other Amounts Received as a Victim of Persecution by Nazi Germany (Line 31)
If you received reparations due to being a victim or heir of a victim of racial or religious persecution by Nazi Germany or any other Axis regime, enter the amount that is included in your adjusted gross income.
Interest on Tax-Exempt Obligations of State and Local Government (Line 34)
Amount of interest on Illinois state and local government obligations included on the Illinois return.
Interest on Tax-Exempt Obligations of Non-U.S. Governments (Line 35)
Amount of interest on obligations of non-US governments included in the Illinois income tax return on line 1,2 or 3.
Your Child’s Interest Reported on Federal Form 8814 (Line 36)
If you included your child's income on your Illinois return, you can claim a subtraction for the amount reported on your 8814 form.
Railroad Sick Pay and Railroad Unemployment Compensation (Line 37)
If you have railroad sick pay or unemployment included in your Line 1 income on you IL-1040 form, enter the amount here.
Unjust Imprisonment Compensation (Line 38)
If you received income from being unjustly incarcerated and it is included on your return as line 1 income, enter the amount you were awarded here.
Distributions from “Bright Start,” “College Illinois,” and “Bright Directions” College Plans(Line 39)
If you claimed the federal American Opportunity or Lifetime Learning Credit and your income included distributions from the Bright Start, College Illinois or Bright Directions savings plan, enter the amount of the distribution included.
For additional assistance, please refer to Illinois Schedule M Instructions