Illinois income qualified 2025

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The document outlines the application process for the Ameren Illinois Home Efficiency Program, specifically targeting income-qualified residential customers. It details eligibility requirements, necessary documentation for proof of homeownership and income, and provides guidelines for submitting applications. The program aims to assist eligible households in improving energy efficiency through financial incentives.
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Have worked and earned income under $66,819 (income amount is dependent upon filing status and number of qualifying children). Have investment income below $11,600.
The Illinois Income Tax is imposed on every trust and estate earning or receiving income in Illinois or as a resident of Illinois. The Illinois Individual Income Tax is imposed on every individual earning or receiving income in Illinois.
Earned income includes all the taxable income and wages you get from working for someone else, yourself or from a business or farm you own.
This includes if: You or your spouse dont have a valid SSN. Your AGI is too high: your earned income and AGI exceed certain limits, you may not be eligible for the EIC. Your investment or foreign income is too high: Both scenarios disqualify you from taking the credit.
Key Takeaways. If you earned less than $66,819 (if Married Filing Jointly) or $59,899 (if filing as Single, Qualifying Surviving Spouse or Head of Household) in tax year 2024, you may qualify for the Earned Income Credit (EIC). These amounts increased from $63,398 and $56,838, respectively, for 2023.

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People also ask

Illinois exemption allowance In addition, Illinois has what is called an exemption allowance, which is a set amount that most people who earned a paycheck can knock off their taxable income. The exemption for tax year 2024 is a maximum of $5,550 for married couples filing jointly ($2,775 for single filers).

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