Illinois Nol Limitation 2024 Income Limits. 31, 2024, and before dec. The change applies retroactively to tax years beginning on or after jan.

The $100,000 limitation for tax years ending on or after december 31, 2021, and before december 31, 2024, has been increased to $500,000 for tax years ending on or after. The change applies retroactively to tax years beginning on or after jan.