Tax Information

For 2016 tax returns, the normal April 15 deadline to claim a refund has also been extended to July 15, 2020.

The IRS issued additional information about the economic impact payments.

Ladder Up thanks Francine J. Lipman, a William S. Boyd Professor of Law at University of Nevada, Las Vegas for compiling this summary. The CARES Act was just signed into law, including a number of individual income tax provisions.  Here are some details on the Recovery Rebate Tax Credit:

In light of the recent Disaster Proclamation issued by Governor JB Pritzker and by his direction, the Illinois Department of Revenue (IDOR) is following the federal government in providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for Illinois income tax returns has been extended from April 15, 2020, to July 15, 2020.

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.

The Treasury Department has extended the tax filing and payment deadline for 2019 tax returns to July 15. 2020. This page includes answers to frequently asked questions about the extension.