Both Federal & State Income Tax Day has been moved from April 15 this year to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalty. Taxpayers may still file at any point prior to July 15, an action which is especially encouraged if the taxpayer is due a refund to allow the taxpayer to get their money more quickly.
The Illinois Department of Revenue produced an Informational Bulletin describing the change. The Department of Revenue (IDOR) will continue to process tax refunds for those filing ahead of the new deadline.
According to IDOR, 3.4 million Illinoisans have already filed their income taxes to date, over 72% of whom are expecting a refund this year. Last year, 6.2 million income tax returns were filed, and 88% of taxpayers filed electronically.
The fastest, most secure way to receive a refund is to file tax returns electronically and request a direct deposit into a checking or savings account. Taxpayers who have already filed a return can check the status of their return by using the Where’s My Refund? link located at www.MyTax.Illinois.Gov.