Illinois Gives Tax Credit Returns for 2026 — Apply for 25% Credit

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The Illinois Gives Tax Credit Act Is Back for 2026!

The Illinois Gives Tax Credit Act has been extended for the 2026 tax year, and we’re pleased to share that we are once again an approved and Qualified Community Foundation (QCF).

As in the previous year, the program is available on a first-come, first-served basis. If you’d like to keep more of your charitable dollars working in Will County while taking advantage of the 25% Illinois state tax credit, we encourage you to make your contribution to the Community Foundation of Will County.

Illinois taxpayers who make qualified contributions to endowment funds held by QCFs like The Community Foundation of Will County may receive a 25% state income tax credit, up to $100,000 per year.

What is the Illinois Tax Credit Act?

Illinois Gives Tax Credit Act creates an income tax credit for taxpayers who make a qualified contribution to a permanent endowment fund during the taxable year. Eligible endowment funds must be held by Qualified Community Foundations (QCFs).

How does the Illinois Gives Tax Credit work?

  • Eligibility: Donors must apply and be approved for the program through MyTax Illinois.
  • Credit Amount: 25% of qualified contributions to a permanent endowment fund (e.g., a $10,000 gift results in a $2,500 tax credit).
  • Annual Cap: Maximum of $100,000 in tax credits per taxpayer, per year.

What do I need to do to get the tax credit?

  1. Create an account with MyTax Illinois.
  2. Apply to make a contribution make a contribution to the Will County Community Foundation through your MyTax Illinois.
  3. Receive a Contribution Authorization Certificate (CAC) from IDOR through MyTax Illinois.
  4. Make the contributions to the Community Foundation of Will County by reaching out to Sheila Sasso or Kristen King at 815.201.3700 within 10 business days after receiving the CAC.
  5. After receiving the contribution, the CF Will County will confirm receipt within 30 business days and a Certificate of Receipt (COR) will be created and issued to you through MyTax Illinois.
  6. After receiving a Certificate of Receipt (COR), you may claim the credit on your income tax return.
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By partnering with The Community Foundation of Will County, donors now have a unique opportunity to grow their impact in our community while receiving incredible tax benefits.

For more information on how to contribute, please contact us at (815) 201-3700.