IRS and Tax Practice Symposium - Virtual-3 - Atkins

3 - Atkins - IDOR

Pdf Summary

The presentation outlines Illinois individual income tax updates for tax year 2026 and related Department of Revenue (IDOR) services. It is preliminary informational material, not legal advice, and may change.<br /><br />The 2026 personal exemption is $2,925. The IL-1040 is due April 15, 2027; extensions allow filing through October 15, 2027. Estimated payments for 2027 are due April 15, June 15, and September 15, 2027, and January 18, 2028. The apartment-number field has been removed from Forms IL-1040 and IL-1040-X. Schedule M adds a subtraction for qualifying student-loan repayment assistance and updates the treatment of excluded gains from qualified small-business stock.<br /><br />A new Volunteer Emergency Worker credit is limited to the first 10,000 qualified applicants and has service, compensation, and application requirements. The presentation also explains Illinois EITC eligibility and documentation. The refundable Illinois Child Tax Credit remains 40% of the Illinois EITC for qualifying taxpayers with a dependent child under 12. Under Illinois Gives, eligible contributions to approved community-foundation endowments may qualify for a credit of 25% of contributions, capped at $100,000 per taxpayer annually.<br /><br />IDOR advises vigilance against scams, suspicious messages, and identity theft. It generally contacts taxpayers by mail first and does not demand immediate payment or threaten arrest.<br /><br />The presentation describes ways to submit powers of attorney, including through MyTax Illinois, and clarifies the different uses and durations of third-party designee authorization, Forms IL-2848 and IL-56, and multistate POAs. MyTax Illinois users can respond to notices and set up representative access, subject to client authorization and IDOR approval. Enhancements to the “Where’s My Refund?” tool are planned to provide more detailed status information.

Keywords

Illinois income tax

Tax year 2026

IDOR services

Form IL-1040

Personal exemption

Estimated tax payments

Volunteer Emergency Worker credit

Illinois EITC

Child Tax Credit

MyTax Illinois