You must use Form IL-4562 if you are filing an Illinois income or replacement tax return and you reported the special depreciation on federal Form 4562. Individuals who reported special …

Attach to your Form IL-1120, IL-1120-ST, IL-1065, IL-1041, or IL-1040. Enter your name as shown on your return. Enter your Social Security number (SSN) or federal employer …

Enter your Social Security number (SSN) or federal employer identification number (FEIN). You must read the instructions before completing Form IL-4562. Do not use negative figures.

We last updated the Special Depreciation in January 2025, so this is the latest version of Form IL-4562, fully updated for tax year 2024. You can download or print current or past-year PDFs of …

2025年2月18日 · Navigate IL Form 4562 with ease, understanding special depreciation, eligibility, and key differences between state and federal adjustments. Completing IL Form 4562 is a …

This form is for income earned in tax year 2024, with tax returns due in April 2025. We will update this page with a new version of the form for 2026 as soon as it is made available by the Illinois …

The purpose of Form IL-4562 is to reverse the effects of the 30 percent or 50 percent “bonus depreciation” allowed by IRC Section 168(k) for depreciable property placed in service after …

Per the Illinois Department of Revenue: if a taxpayer purchases a luxury auto and takes the maximum amount of bonus depreciation allowed at the federal level, there's no subtraction on …

Use Form IL-4562 if you have claimed special depreciation on your Illinois income tax return. This includes situations where new property has been acquired or when reporting prior depreciation …