The most tedious day of the year is quickly approaching—Tax Day! In the United States, Tax Day is when individual income tax returns are due to be submitted to the federal government; if you make any income, chances are you owe taxes. Whether this is your first or tenth time submitting taxes, here is a guide and a little refresher on Tax Day in Chicago.
Disclaimer: This is not financial advice. We encourage readers to consult government websites like IRS.gov, tax.illinois.gov, etc., while preparing their taxes.
Is Tax Day April 15 or 18?
Tax day in Chicago is April 15!
While taxes were due on April 18th last year in 2023, this year, the due date for filing your 2024 federal individual income tax return is April 15.
What is the Illinois tax deadline?
The original due date to file and pay Illinois individual income tax for calendar year filers is April 15, 2024.
How do I file my taxes in Chicago?
There are many online places to file taxes, including TurboTax, H&R Block, and more. You can also use MyTax Illinois to file your original Individual Income Tax Return electronically.
What happens if I file my Illinois taxes late?
The Department of Revenue assesses a tax penalty, including extensions, when the taxpayer fails to file by the due date. However, if you are unable to finish your taxes by the 15th, you can submit a request for an extension directly to the IRS. If approved, you will have until October 15 to complete them.
You may automatically qualify for a tax filing in Chicago extension if you’re:
- being in a federally declared disaster area
- in the military stationed abroad or serving in a combat zone, or
- are a citizen or resident alien living outside the U.S., according to the IRS.
The Department of Revenue assesses a tax penalty, including extensions, when the taxpayer fails to file by the due date.
When is the Illinois tax refund for 2024?
Refunds resulting from electronically filed returns can be expected in less than 21 calendar days. However, if you mailed your return and expect a refund, it could take four weeks or more to process your return.
You can check the “Where’s My Refund?” page to track the up-to-date status of your refunds.