![]() It was followed by clothing stores, where sales soared 18.3%. But sporting goods stores saw the biggest jump in sales, up 23.5% in March from the month before, as people bought outdoor gear. “I finally caught up on my bills and could go on a bit of a spending spree,” says Golden, who works in accounts receivable at a school system.Īmericans spent their cash on cars, eating out and home renovations, according to the Commerce Department. Another $500 went to restocking her pantry with things that will last a long time on the shelf, such as ketchup, sugar, spices and Clorox wipes. With the most recent one, she spent $500 on Levi’s jeans, Old Navy clothing and shoes from Finish Line. ![]() Teresa Golden of Renton, Washington, said she used the first two stimulus checks to catch up on rent and bill payments. The rest of the money would be used to pay down debt or put aside for savings. The New York Federal Reserve Bank, which surveyed more than 1,000 people, said households planned to spend about a quarter of their most recent stimulus checks on goods. So far, about 159 million direct payments have been paid out to households, totaling $376 billion, the U.S. The first distributions went out the week of September 12 and state officials estimated it will take them six to seven weeks to fully distribute the $1.2 billion to the roughly six million eligible taxpayers.A third round of stimulus checks was sent out beginning in the middle of March, with most adults receiving $1,400. For more information on the property tax credit you can view Illinois’ Publication 108. The property tax rebate is equal to the property tax you were qualified to claim on your 2021 taxes up to a maximum of $300. So a family with two adults and three children will see an income tax rebate of the maximum amount, $400. If you filed with dependents you get an additional $100 per dependent up to three, or $300.If you filed jointly you get $100 ($50 for each person).If you filed as a single person you get $50.The income tax rebate amount is determined by the following criteria: The letter which comes with a paper check for the tax rebates How much is your check? Had an adjusted gross income in 2021 under $250,000 if filed as a single person, or under $500,000 if filed jointly.Paid Illinois property taxes in 2021 for primary residence 2020 taxes.To receive the property tax rebate you must have: Had an adjusted gross income in 2021 under $200,000 if filed as a single person, or under $400,000 if filed jointly.Been an Illinois resident in 2021 (even if just part of the year).To receive the individual income tax rebate you must have: Instructions for the IL-1040-PTR can be found here. In lieu of those two documents, a special Property Tax Rebate form (IL-1040-PTR) can be filed either electronically or through a paper submission. For the property tax rebate, you needed to have filed both the 2021 IL-1040 and a Schedule ICR.For the income tax rebate, if you have dependents, you must also complete / have completed a Schedule E/EIC.If you did not file a 2021 IL-1040, including those who were not required to, you have until October 17 to get it to the Illinois Department of Revenue (IDR). ![]() If you filed your state taxes, primarily done through a 2021 IL-1040 form, then no further action is needed and the combined rebates will automatically be sent to you. Tax rebate checks coming ahead of November elections Do you need to apply for the rebates?
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