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Illinois Free Printable 2019 Schedule 1299-C, Income Tax Subtractions and Credits (for individuals) for 2020 Illinois Income Tax Subtractions & Credits For Individuals

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Income Tax Subtractions & Credits For Individuals
2019 Schedule 1299-C, Income Tax Subtractions and Credits (for individuals)

Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. *61612191W* Illinois Department of Revenue Attach to your Form IL-1040. For tax years ending on or after December 31, 2019. 2019 Schedule Income Tax Subtractions 1299-C and Credits (for individuals) Your name as shown on Form IL-1040 – Your Social Security number IL Attachment No. 3 – Read this information before completing this form: Refer to Schedule 1299-I, Income Tax Credits Information and Worksheets, and Schedule 1299-C Instructions for information on how to complete this schedule. All figures should be rounded to whole dollars. If you are carrying forward credits from a previous year, you must refer to your 2018 Schedule 1299-C, Step 3 to determine the amount of available credit carryforward that you may use on this 2019 Schedule 1299-C. If you have more subtractions or credits than lines available, attach a separate schedule in the same format with all the required information. Complete Step 3, Line 43 on this schedule only. NOTE: If you do not provide the necessary information or attempt to claim a subtraction or credit which does not exist, you may receive correspondence from the Department, your subtraction or credit may be disallowed, and the processing of your return may be delayed. Step 1: Figure your subtractions River Edge Redevelopment Zone Dividend Subtraction A B Corporation’s name Name of zone 1 a b c 2 Enter any distributive share of River Edge Redevelopment Zone Dividend Subtraction from partnerships, S corporations, trusts, or estates. Attach Schedule(s) K-1-P or K-1-T. 3 Add Step 1, Column C, Lines 1a through 1c and Line 2, and enter the total here. C Dividend amount a b c 2 3 High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction A B Corporation’s name Name of zone C Dividend amount 4 a a b b c c 5 Enter any distributive share of High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction from partnerships, S corporations, trusts, or estates. Attach Schedule(s) K-1-P or K-1-T. 6 Add Step 1, Column C, Lines 4a through 4c and Line 5, and enter the total here. 7 Add Step 1, Lines 3 and 6. Enter your total dividend subtraction here and on Schedule M, Line 24. 5 6 7 This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of this information is required. Failure to provide information could result in a penalty. Schedule 1299-C (R-12/19) Printed by authority of the State of Illinois - Web Only - 1 Page 1 of 3 *61612192W* Step 2: W orksheets (Complete this step only if you earned any of these income tax credits during your current tax year) Research and Development Follow the instructions on this worksheet to calculate the Research and Development credit amount to enter in Step 3, Column E. A B Base period avg. expenses This year’s expenses 8 Enter the amounts from Schedule 1299-I, Line 6 of the Research and Development Worksheet. 8 8 9 9 Subtract Line 8, Column A from Line 8, Column B. If negative, enter zero. 10 Multiply Line 9 by 6.5% (.065). Enter the result here a nd in Step 3, Column E on the line with “5” in Column A and Credit Code 5340 in Column B. 10 Instructional Materials and Supplies Follow the instructions on this worksheet to calculate the Instructional Materials and Supplies credit amount to enter in Step 3, Column E. A B Primary taxpayer Spouse 11 a Social Security number. b School name (Illinois only). c Total qualified expenses paid in 2019. d Enter the lesser of Line 11c or $250. 12 Add Line 11d, Column A, and Line 11d, Column B. Enter the result here and in Step 3, Column E on the line with “5” in Column A and Credit Code 5740 in Column B. 12 Adoption Follow the instructions on this worksheet to calculate the Adoption credit amount to enter in Step 3, Column E. Part 1 - Adopted Child Information Identifying Number Child’s Name (first, last) 13 14 15 Birth IL Final Date Resident in 2019 / / Month Year / Month Year Part 2 - Figure your credit 16 a Maximum credit allowed per child (see instructions). b IL Adoption credit claimed previously for this child. Child 1 (Line 13) Child 2 (Line 14) Child 3 (Line 15) c Subtract Line b from Line a. d Qualified adoption expenses (see instructions). e Enter the lesser of Line c or Line d. Month Year f Total amount of qualified adoption expenses from Line e. g Illinois residents: Enter 1.0. Nonresidents and part-year residents: Enter the decimal from Schedule NR, Line 48. . h Multiply Line f by Line g. Enter the result here and in Step 3, Column E on the line with “5” in Column A and Credit Code 5780 in Column B. 16 Page 2 of 3 Schedule 1299-C (R-12/19) *61612193W* Step 3: Figure your Income Tax Credit (Complete Step 2 first, if applicable) See Schedule 1299-C Instructions for how to complete this Step. 17 Enter your income tax from Form IL-1040, Line 14. 18 Add the credit amounts from Form IL-1040, Lines 15 and 16, and enter here. A B C D Years Left Credit IL Tax Year Identifying Number to Carry Code Credit Earned E 18 _____________ 19 Subtract Line 18 from Line 17. If the amount is zero or negative, enter zero. 17 _____________ Credit Earned or Carried F Distributive Share or Transfer 20 Enter the amount from Line 19 here. G 19 _____________ H Total Calculation Credit I J Credit Applied Credit Carryforward 20 _____________ 21 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 22 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 23 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 24 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 25 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 26 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 27 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 28 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 29 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 30 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 31 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 32 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 33 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 34 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 35 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 36 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 37 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 38 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 39 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 40 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 41 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 42 Add the amounts in Column I and enter the total here. 42 _____________ 43 Follow the Schedule 1299-C Instructions to determine the amount of credit you may claim this year. Enter the amount here and on your Form IL-1040, Line 17. 43 Page 3 of 3 Schedule 1299-C (R-12/19) Reset Print
Extracted from PDF file 2019-illinois-schedule-1299-c.pdf, last modified July 2019

More about the Illinois Schedule 1299-C Individual Income Tax Tax Credit TY 2019

We last updated the Income Tax Subtractions & Credits For Individuals in March 2020, so this is the latest version of Schedule 1299-C, fully updated for tax year 2019. You can download or print current or past-year PDFs of Schedule 1299-C directly from TaxFormFinder. You can print other Illinois tax forms here.

Related Illinois Individual Income Tax Forms:

TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Illinois Schedule 1299-C.

Form Code Form Name
Schedule 1299-D Income Tax Credits -for corporations and fiduciaries)
Schedule 1299-S Enterprise Zones, Foreign Trade Zones, and Sub-Zones
Schedule 1299-A Tax Subtractions and Credits -for partnerships and S corporations)
Schedule 1299-B River Edge Redevelopment Zone or Foreign Trade Zone -or sub-zone) Subtractions -for corporations and fiduciaries)

Download all IL tax forms View all 76 Illinois Income Tax Forms


Form Sources:

Illinois usually releases forms for the current tax year between January and April. We last updated Illinois Schedule 1299-C from the Department of Revenue in March 2020.

Show Sources >

Schedule 1299-C is an Illinois Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Illinois Schedule 1299-C

We have a total of six past-year versions of Schedule 1299-C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Schedule 1299-C

2019 Schedule 1299-C, Income Tax Subtractions and Credits (for individuals)

2018 Schedule 1299-C

IL-505-I 2018 Automatic Extension Payment for Individuals

2017 Schedule 1299-C

2017 IL-505-I, Automatic Extension Payment for Individuals Filing Form IL-1040

Income Tax Subtractions & Credits -for individuals) - -revised 02-08-2016) 2015 Schedule 1299-C

2015 Schedule 1299-C, Income Tax Subtractions and Credits (for individuals)

Income Tax Subtractions and Credits (for individuals) 2014 Schedule 1299-C

2014 Schedule 1299-C, Income Tax Subtractions and Credits (for individuals)


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