IL – Schedule M Guide

Article: 50396

Overview

IL Schedule M – Other Additions

Use this screen to enter specific income items that Illinois considers taxable even if they aren’t included on your federal return.

IL Schedule M – Other Subtractions

Use this screen to report income that is taxable federally but not by Illinois.

IL Schedule M – Other Subtraction – ABLE Account

Use this screen to report contributions made to a qualified Illinois ABLE account. Multiple contributions can be entered separately.

IL Schedule M – Bright Start College Savings Program

This screen is for contributions made to Bright Start college savings accounts. You may enter multiple contributions to different accounts.

IL Schedule M – Bright Directions College Savings Program

Use this screen to report contributions made to Bright Directions college savings accounts.

IL Schedule M – College Illinois Prepaid Tuition Program

Use this screen to report contributions to College Illinois prepaid tuition accounts.

How to Add These Screens

  1. Click on the State Taxes section on the left-hand side of the screen.
  2. Click the link “I’d like to see the forms I’ve filled out or search for a form.”
  3. Use the drop list to select Illinois.
  4. Under the General tab, select each screen individually:
    • IL – Schedule M: Other Additions
    • IL – Schedule M: Other Subtractions
    • IL – Schedule M: Other Subtraction – ABLE Account
    • IL – Schedule M: Bright Start College Savings Program
    • IL – Schedule M: Bright Directions College Savings Program
    • IL – Schedule M: College Illinois Prepaid Tuition Program
  5. Complete the screens.
  6. Click Save.

Further Information

For a complete list of Schedule M additions and subtractions, visit:
Illinois Department of Revenue – Individuals: https://tax.illinois.gov/individuals.html