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Il 1363 Form

Il 1363 Form

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What is the IL-1363 Form

The IL-1363 Form, also known as the Circuit Breaker Form, is a document used in Illinois to provide tax relief to eligible senior citizens and persons with disabilities. This form is specifically designed to help individuals claim the General Homestead Exemption and the Senior Citizens Homestead Exemption. By filing this form, eligible residents can receive a reduction in their property taxes, making it easier for them to manage their finances as they age.

How to Use the IL-1363 Form

To use the IL-1363 Form effectively, individuals must first determine their eligibility based on age and income criteria. Once eligibility is confirmed, the form can be filled out with personal information, including the applicant's name, address, and income details. It is essential to provide accurate information to ensure the proper processing of the application. After completing the form, it should be submitted to the local assessor's office to initiate the review process.

Steps to Complete the IL-1363 Form

Completing the IL-1363 Form involves several key steps:

  • Gather necessary documents, such as proof of age, income statements, and property tax information.
  • Fill out the form with accurate personal information, including your name, address, and any relevant financial details.
  • Review the completed form for accuracy and completeness.
  • Submit the form to your local assessor's office by the specified deadline.

Eligibility Criteria

Eligibility for the IL-1363 Form is primarily based on age and income. Applicants must be at least sixty-five years old or have a disability. Additionally, there are income limits that must be adhered to, which can vary from year to year. It is crucial for applicants to check the current guidelines to ensure they meet all necessary criteria before filing.

Required Documents

When completing the IL-1363 Form, applicants must provide several documents to support their claims. Required documents typically include:

  • Proof of age, such as a birth certificate or driver's license.
  • Income verification, which may include tax returns or Social Security statements.
  • Property tax information, including the most recent tax bill.

Form Submission Methods

The IL-1363 Form can be submitted through various methods, depending on local regulations. Common submission methods include:

  • Online submission through the local assessor's website, if available.
  • Mailing the completed form to the local assessor's office.
  • In-person delivery at the local assessor's office during business hours.

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