Illinois Property Tax Credit - moved out of state

Buck
Buck Member Posts: 2 Newcomer
in Credits/Deductions

Do I qualify for the Ilinois Property tax credit, if I moved out of state in 2024? I would be defined as a partial year resident, which I believe is different than a "nonresident".

  • Illinois property you sold - You may figure a credit for Illinois property you sold in 2021 by combining the 2020 property tax paid in 2021, as well as a portion of the 2021 tax paid based on the time you owned and lived at the property during 2021. You may not take a credit on your 2021 return for property sold during 2020.
  • Nonresidents of Illinois may not take this credit.

Property Tax Credit - Credits

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Answers

  • MatthewD
    MatthewD FreeTaxUSA Team Posts: 503

    Hi Buck,

    Yes, you qualify to take the Illinois Property Tax Credit. The IL Dept of Revenue says:

    Who qualifies for the property tax credit on the individual income tax return?
    You may figure a credit for Illinois Property Tax paid if:

    • your principal residence during the preceding year was in Illinois;
    • you owned your residence;
    • your tax bill included property used for your principal residence, yard, garage, or other structure used for personal purposes; and
    • your property tax billed during the tax year has been paid.

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