Article: 50396
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.
- Lloyd’s plan of operations loss
- Earnings distributed from 529 and ABLE plans (for nonresidents only)
- Business expense recapture
- Recapture of contributions to IL college savings or ABLE plans transferred out-of-state or used for nonqualified expenses
- Other income – Provide a description in the Identify field
IL Schedule M – Other Subtractions
Use this screen to report income that is taxable federally but not by Illinois.
- Restoration of amounts under claim of right (IRC Sec 1341)
- Contributions to a job training project
- Recovery of items deducted on federal Schedule A
- Ridesharing income and benefits
- Life insurance or annuity benefits
- Lloyd’s plan of operations income
- Funeral/burial/cemetery trust income (Illinois)
- Education loan repayments for primary care physicians
- Reparations or similar payments received as a victim of persecution by Nazi Germany
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. For each contribution:
- Enter the account number
- Enter the contribution amount
- Check Gift, if the amount was gifted by someone else
IL Schedule M – Bright Directions College Savings Program
Use this screen to report contributions made to Bright Directions college savings accounts.
Each contribution requires:
- Account number
- Amount contributed
- Gift checkbox, if applicable
IL Schedule M – College Illinois Prepaid Tuition Program
Use this screen to report contributions to College Illinois prepaid tuition accounts.
Use this screen to report contributions to College Illinois prepaid tuition accounts.
Enter the account number, amount contributed and select Gift if applicable.
How to Add These Screens
- Click on the State Taxes section on the left-hand side of the screen.
- Click the link “I’d like to see the forms I’ve filled out or search for a form.”
- Use the drop list to select Illinois.
- 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
- Complete the screens.
- Click Save.
Further Information
For a complete list of Schedule M additions and subtractions, visit the Illinois Department of Revenue – Individuals: https://tax.illinois.gov/individuals.html