The countdown to filing your 2024 taxes in Illinois has begun, and while there is still some time to submit your returns, there are new benefits and features for taxpayers to be aware of. Whether you’re filing on your own or working with a tax professional, understanding these changes can help you navigate tax season smoothly.
Illinois Department of Revenue Begins Processing 2024 Tax Returns
On Monday, January 27, the Illinois Department of Revenue (IDOR) officially started accepting and processing 2024 tax returns. This coincides with the federal tax season, as the IRS also began accepting federal returns on the same day.
For Illinois residents, this marks the start of the 2024 tax season, and there are several important changes to be aware of. Illinois has joined the IRS Direct Program, making it easier for taxpayers to file their state returns. The program allows you to transfer your tax information directly into the state’s online system, MyTax Illinois, which is free to use. This change not only simplifies the filing process but also reduces the likelihood of errors, which can delay the processing of your return.
Additionally, the program ensures that your data is seamlessly transferred from the IRS to the Illinois Department of Revenue, saving you time and effort. This is especially beneficial for those who may not be familiar with tax forms or the filing process, as it minimizes the need for manual data entry.
File Early to Receive Your Refund Faster
One of the most important pieces of advice the Illinois Department of Revenue has for taxpayers is to file early. Filing your tax return as soon as possible can speed up the processing time and, most importantly, get your refund back faster.
For taxpayers who file electronically and avoid mistakes, refunds can be processed within approximately four weeks if they choose direct deposit. The IRS and Illinois Department of Revenue both encourage taxpayers to take advantage of direct deposit for the quickest and most secure refund method.
Taxpayers should also keep in mind that delays can happen, especially if there are issues with your return. If you choose to file later in the season, it might take longer to get your refund as the volume of returns increases closer to the April 15 deadline.
Filing Options and Deadlines
Illinois taxpayers have a variety of options for filing their 2024 taxes. You can choose to use tax preparation software, work with a tax professional, or complete the traditional paper Form IL-1040. The state’s online filing system, MyTax Illinois, is also available and free to use.
The deadline for filing your 2024 taxes is April 15, 2025. This means you have plenty of time to gather your documents and submit your return. However, if you need more time to file, you can request a six-month extension. It’s important to note, though, that the extension only applies to the filing deadline — any taxes owed are still due by the original April 15 deadline to avoid penalties and interest.
For taxpayers who owe money to the state or federal government, paying on time is crucial. Failing to pay your taxes by the deadline could result in interest charges and penalties, even if you file for an extension.
What Happens If You Don’t File on Time?
If you miss the April 15 deadline, it’s important to file as soon as possible. Failing to file on time can result in penalties for both late filing and late payment. Even if you owe no money or are entitled to a refund, it’s still important to file to avoid any penalties.
For those who need more time to gather paperwork or resolve issues with their returns, the option for a six-month extension is available. However, keep in mind that an extension to file does not extend the deadline to pay. You must still pay any taxes owed by April 15 to avoid late fees.
Helpful Resources and Assistance for Taxpayers
The Illinois Department of Revenue (IDOR) offers several resources for taxpayers who have questions or need assistance during tax season. If you need help with filing your tax return, understanding the forms, or checking your refund status, IDOR provides a dedicated taxpayer assistance hotline. The phone numbers for assistance are 1-800-732-8866 or 217-782-3336.
In addition to phone support, IDOR’s website (tax.illinois.gov) offers a range of tools and resources. You can access information about tax rates, filing requirements, and detailed instructions for filling out your tax forms. There is also an online portal that allows you to check the status of your refund and make payments if necessary.
For taxpayers who prefer face-to-face support, IDOR provides in-person services at various locations across the state. If you need help with your taxes, visiting one of these centers can be a great option.
Why Filing Online Is a Smart Move
With so many options available, many Illinois taxpayers are choosing to file their taxes online. Filing electronically offers numerous benefits, including:
- Faster Refunds: Filing online speeds up the entire process. You can submit your return immediately, and if you’re owed a refund, it can be processed in as little as four weeks.
- Ease of Use: Online filing systems like MyTax Illinois are designed to be user-friendly. You can easily enter your information, track your progress, and receive confirmation when your return has been accepted.
- Accuracy: When you file online, there are fewer chances for human error. The system will automatically check for mistakes, reducing the likelihood of errors that can delay your refund or result in penalties.
- Cost-Effective: Filing online is typically more affordable than hiring a tax professional, and many online systems, such as the IRS Direct Program, are free to use.
- Security: Electronic filing is secure, and your information is protected through encrypted systems that prevent unauthorized access.
Tax Filing Tips for Illinois Residents
Here are a few tips to keep in mind as you prepare your 2024 taxes:
- Organize Your Documents Early: Before you start filing, make sure you have all the necessary documents, including your W-2 forms, 1099s, receipts for deductions, and any other relevant paperwork.
- Double-Check Your Return: If you’re filing on your own, be sure to review your return carefully before submitting it. Small errors, like a misspelled name or incorrect Social Security number, can cause delays.
- Don’t Forget About State Taxes: In addition to federal taxes, Illinois residents must file state taxes. Be sure to follow the specific instructions for Illinois taxes to avoid any confusion.
- Consider Professional Help: If your taxes are complicated, consider working with a tax professional who can help ensure everything is done correctly and that you take advantage of all available deductions.
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