Please ensure Javascript is enabled for purposes ofwebsite accessibilitySavings on gas, groceries in Illinois starts Friday | WICS
Close Alert

Savings on gas, groceries in Illinois starts Friday


A photo of money (WICS)
A photo of money (WICS)
Facebook Share IconTwitter Share IconEmail Share Icon
Comment bubble
0

The Illinois Family Relief Plan goes into effect on Friday, July 1.

“Starting tomorrow, every Illinoisan will get tax relief on essentials: groceries, gas, your home, and back-to-school supplies, with even more tax relief going into effect next year,” said Governor JB Pritzker. “We are sending $1.8 billion in tax relief to Illinois families – and we are doing that because Democrats balanced the budget, eliminated the bill backlog, and state government is now running a surplus. In challenging times like these, it’s more important than ever to have a government whose first focus is on working families and those who are struggling, and leadership that provides new and creative ways to deliver relief when you need it most.”

The Family Relief Plan includes several tax holidays, meaning a temporary cut in taxes, including:

  • Groceries: The state’s 1% sales tax on groceries will be suspended July 1 through June 30, 2023, saving consumers $400 million.
  • Gas: The state’s normally scheduled increase in the motor fuel tax will be delayed from July 1 to January 2023, saving consumers $70 million.
  • School supplies: Sales taxes for qualified clothing and school-related items will be reduced from 6.25% to 1.25% for a 10-day window from August 5 to 14, saving consumers $50 million. Items include qualifying clothing and footwear with a retail selling price of less than $125 per item. Eligible school supplies are not subject to the $125 threshold.

There will also be property tax rebates up to $300 going to eligible Illinois homeowners.

Qualified individuals will get $50 income tax rebates, while qualified couples filing jointly will get $100.

Those with dependents will receive $100 per dependent.

Illinois Comptroller Susana Mendoza plans to send out the tax rebates in mid-September.

Comment bubble
JOIN THE CONVERSATION (
0
)

For more information, taxpayers may click here or call at 1- 800-732-8866 or 217-782-3336.

Loading ...