The Illinois Disabled Persons Exemption is a property tax relief program for Illinois homeowners who are disabled or blind. It allows for disabled homeowners to receive a reduction in their property taxes, with the amount of the reduction depending on their income. There are two types of Illinois Disabled Persons Exemption: the General Homestead Exemption and the Disabled Persons Homestead Exemption. The General Homestead Exemption is available to all homeowners and reduces the amount of total taxable equity on the home by up to $6,000. The Disabled Persons Homestead Exemption is available to those with a disability or blindness and reduces the amount of total taxable equity on the home by up to $8,000. To be eligible for either exemption, applicants must meet certain requirements, such as owning and occupying the home as their primary residence.
Illinois Disabled Persons Exemption
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FAQ
A Person with Disabilities Exemption is for persons with disabilities and provides an annual $2,000 reduction in the equalized assessed value (EAV) of the property.
Medical Expenses. People with disabilities who itemize can deduct medical expenses and out of pocket expenses not covered by insurance as well as health insurance premiums.
Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.
In most cases, Disability Insurance (DI) benefits are not taxable. But, if you are receiving unemployment, but then become ill or injured and begin receiving DI benefits, the DI benefits are considered to be a substitute for unemployment benefits, which are taxable.
If Social Security disability is your only source of income, your benefits usually aren't taxable. However, if you (and your spouse, if you're married) earn other income, your benefits may be taxable, depending on your income level.
Veterans 70% or more disabled receive an EAV reduction of $250,000, and because of this can be totally exempt from property taxes on their home. The automatic renewal of this exemption due to the COVID-19 pandemic has ended. All applicants must reapply annually.