The state of Illinois has made the following tax law changes for tax year 2018:
- Exemption Allowance- Personal Exemptions have been extended. The 2018 personal exemption amount is $2,225.
- Earned Income Credit- Illinois Earned Income Credit is now reported on Step 3 of the Schedule IL-E/EIC. Illinois EIC is 18% of your Federal EIC beginning in tax year 2018.
- Natural Disaster Credit-Tax payers affected by a natural disaster in an Illinois declared disaster area are provided an extension of the earned income credit. See Bulletin 2019-03 for additional information
- Voluntary Contributions- Tax payers may now donate to Hunger Relief with their refunds as a voluntary charitable donation.
You can read additional information about these changes here.