The Illinois Department of Revenue will launch a new Tax Amnesty Program this fall, offering a limited-time opportunity for taxpayers to come into compliance without facing interest or penalties. Authorized by House Bill 2755 this Amnesty is set to run from October 1, 2025, through November 15, 2025.
Key Features of the 2025 Illinois Amnesty Program
- Eligibility: The program covers taxes imposed by or authorized under Illinois law and collected by the Department of Revenue.
- Qualifying Tax Periods: Tax liabilities for periods after June 30, 2018, and before July 1, 2024, are eligible.
- Benefits: If a taxpayer pays all taxes due for applicable periods during the amnesty window, the Department will waive all related interest and penalties. Additionally, no civil or criminal prosecution will be pursued for these periods.
- Conditions:
- Full payment is required for each eligible period to qualify.
- Taxpayers under current criminal or civil litigation related to nonpayment or fraud are not eligible.
- Amnesty does not preclude taxpayers from filing for refunds on unrelated issues or from overpayments based on estimated liabilities (per 35 ILCS 5/506(b)).
Why Participate?
This amnesty program presents a valuable opportunity for individuals and businesses to resolve outstanding liabilities at a reduced cost. Whether addressing overlooked filings or previously unpaid balances, now is the time to act.
Don’t Wait—Get Compliant Today
Now is the ideal time to review your records and identify any liabilities that fall within the eligible timeframe. At Thompson Tax, we are your Trusted Tax Advisors, ready to guide you through the amnesty process with insight and confidence.
Contact us today to schedule a consultation and make the most of Illinois’ 2025 Tax Amnesty Program.