There are few organizations in the world more feared than the Internal Revenue Service. They're like the strict parent that you don't want to tick off. That's why many in Illinois are now concerned about stern warnings being issued to residents of the state about illegitimate tax credits being claimed.
Tax season is here and maximizing your tax refund is likely a top priority. One Illinois non-profit is offering free tax assistance for Illinois residents who qualify.
The IRS has clarified that the special state payments issued to taxpayers in Indiana and Illinois do not have to be reported on taxpayers' federal filings.
The rebates and refunds residents in Illinois and Indiana received last year are "complex" and the IRS is advising taxpayers wait to file their 2022 returns.