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January 24, 2024
Question

Is Illinois Form ICR working correctly for others?

  • January 24, 2024
  • 1 reply
  • 0 views
Line 5 shows $0, but it should have the amount from Line 4G

1 reply

January 24, 2024

There's no indication that line 5 of Illinois Form ICR isn't computing correctly. 

 

The amount on line 5 of Form ICR doesn't necessarily equal the amount on line 4g.

 

Line 5 should equal the lesser of line 4g and line 3. 

 

Although Illinois hasn't published its tax year 2023 tax forms yet, you can see the relevant lines on the 2022 Schedule ICR Illinois Credits form.