Some big changes will be taking effect Friday across Illinois to ease the financial burden for people across the state. Residents will also be receiving tax rebates in the coming months. Here's what you need to know:
Starting Friday, Illinois will begin waiving sales taxes on groceries and gas."Amid historic rates of inflation, the people of our state deserve to know that they are not on their own. We are with them," Lt. Governor Juliana Stratton said.: The state’s 1% sales tax on groceries will be suspended July 1 through June 30, 2023.: The state’s normally scheduled increase in the motor fuel tax will be delayed from July 1 to January 2023.
"The rebate is not allowed if a taxpayer’s adjusted gross income for the taxable year exceeds $500,000 for returns with a federal filing status of married filing jointly, or $250,000 for all other returns," according to information from the state.
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