internal revenue service

It provides a federal tax credit for contributions made to scholarship-granting organizations that support K-12 private-school tuition. State participation is voluntary, but states that choose to participate must officially identify qualifying scholarship organizations for the federal government. #naacp

Using data from the Internal Revenue Service and the U.S. Census Bureau, analysts found that Illinois lost 881,012 residents from 2012 to 2022. #economy

Illinois will participate in the IRS Direct File program this year. Eligible taxpayers will be able to use the program to electronically complete their 2024 federal tax returns for free. #tax

Last year, Illinois and 18 other states offered inflation relief payments or refunds for taxpayers and now the IRS is uncertain about the taxability of the payments. #taxreturn #irs