Ingalls Urgent Aid
Tax summaries show Pritzkers made $5 million last year – not including family trusts

Tax summaries show Pritzkers made $5 million last year – not including family trusts

By JERRY NOWICKI
Capitol News Illinois
[email protected]

SPRINGFIELD – Gov. JB Pritzker’s campaign released summary documents of his 2020 tax returns Friday, which showed the first family reporting $5.14 million in adjusted gross income, all from taxable interest and dividends.

The campaign released seven pages summarizing the governor’s and first lady MK Pritzker’s returns, which were prepared by Deloitte Tax LLP. It did not release tax returns from trusts benefitting Illinois’ first family, stating in an email only the amount the trusts paid in taxes.

“According to the information provided by the trustees, in 2020, trusts benefitting JB Pritzker paid $16.3 million in Illinois taxes and $69.6 million in federal taxes,” the campaign said in an email.

The Pritzkers claimed $2.86 million in standard and itemized deductions, according to their federal 1040 form, although the campaign did not release the Schedule A form outlining the breakdown of those deductions. The campaign did say in an email the Pritzkers made $2.8 million in personal charitable donations last year.

Other deductions that can be claimed on a Schedule A form include medical and dental expenses, state and local real estate and personal property taxes, mortgage interest paid, casualty and theft losses and more.

A campaign spokesperson said it would not be releasing the full Schedule A form or any information other than the summaries but did not give a reason why. The spokesperson said the summaries are what the governor has always released since he launched his first-term candidacy.

The Pritzkers also claimed $83,681 in qualified business income deductions, although the campaign did not release the full 8995 form which outlines those deductions. The tax return summary document also showed the Pritzkers claimed a $142,046 foreign tax credit, although it did not include any corresponding documentation.

That made for a federal taxable income of $2.2 million, on which the Pritzkers paid $529,104 in total federal taxes, according to the partial returns. The Pritzkers paid $230,643 in Illinois taxes at the state’s flat 4.95 percent rate. That was after a $21,702 deduction for income taxes paid in another state.

Forbes estimates Pritzker, who is heir to the Hyatt hotel fortune, to have a net worth of $3.6 billion.

The $5.14 million in total income is up from the previous year, but far below the Pritzkers’ 2017 reported pre-governorship income of approximately $55 million, as reported by the Associated Press at the time.

In 2019, the Pritzkers reported $2.57 million in total income and $1.42 million in taxable income federally. In 2018, the family reported more than $6 million in adjusted gross income and $5.5 million in federal taxable income.

Capitol News Illinois is a nonprofit, nonpartisan news service covering state government and distributed to more than 400 newspapers statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation.

Leave a Comment





Local News

Ray Stetz, of La Grange, talks with Township of Lyons Assessor Patrick Hynes (right) about possible property tax exemptions. (Photos by Steve Metsch)

Township residents talk taxes with elected officials

By Steve Metsch Marek Gil, like many residents, has questions about his property taxes. Plenty of questions. Gil owns two properties, one in Hickory Hills and one in Justice. Asked if his taxes are too high, Gil replied: “Of course.” Gil, who resides in Justice, was among a group of residents who attended the “Coffee…

Summit village officials and employees stand in front of this year's Christmas Tree. (Photos by Carol McGowan)

Summit lights village Christmas Tree

By Carol McGowan Nearly 50 people were on hand November 18 as the Village of Summit Christmas tree was lit. It was a true sign of the holidays to come, as the crowd gathered by the tree and sang a Christmas carol while sipping on hot chocolate and coffee. It was one of the first…

Orland Park Mayor Keith Pekau announces his intention to run for the 6th Congressional District. (Photo by Jeff Vorva)

Pekau joins crowded Republican field in 6th Congressional District

By Jeff Vorva In what could be one of the most interesting and heated congressional races in the state in 2022, Orland Park Mayor Keith Pekau announced Monday he is planning on running in the new 6th Congressional District. He will be running as a Republican and, so far, will battle energy consultant Niki Conforti in the…

Palos Park's Denise Cowan is one of four citizens to object to the village considering video gaming. (Photo by Jeff Vorva)

Palos Park delays gaming vote again

By Jeff Vorva Someone should send the mayor of Palos Park some Alka-Seltzer. For the third meeting in a row, the Palos Park Village Council did not take any action on bringing gaming machines to town. Mayor John Mahoney and Commissioner Dan Polk are leaning in favor of it to help out the local businesses…

More than 800 runners competed in this year’s Turkey Trot. Photo by Jeff Vorva

Record number of runners come out for 33rd Turkey Trot

By Jeff Vorva Correspondent In 2019, Patrick Foster won the Orland Park Turkey Trot for his first top finish in a competitive race. This year, he was back in the winner’s circle. Foster, an Orland Park native who now lives and works in Madison, Wisconsin, finished the 2 1/2-mile race in 14 minutes, 19.9 seconds…

Madelyn and Zachary Rodrigues are proud to hold an annual toy drive benefiting patients at Comer Children's Hospital at the University of Chicago. (Supplied photos)

Teen helps others despite brittle bone disease

Family toy drive benefits Comer Children’s Hospital By Kelly White Early on in her life, Madelyn Rodrigues was diagnosed with Osteogeneis Imperfects, a brittle bone disease that has already resulted in more than 70 bone fractures in her 14 years of life. As a freshman at Illinois Lutheran High School in Crete, Madelyn’s inner strength…

Peggy Zabicki

Thankful for the man who gave us Peanuts

By Peggy Zabicki Your correspondent in West Lawn 3633 W. 60th Place • (773) 504-9327 Did you know that Charles M. Schulz, author of the Peanuts cartoon series, was born on Nov. 26, 1922? I’m thankful and grateful for his creativity, which has endured the test of time. His cartoon movie, A Charlie Brown Thanksgiving, was first…

Kathy Headley

Marquette Bank wants your opinions

By Kathy Headley Your correspondent in Chicago Lawn and Marquette Manor 6610 S. Francisco • (773) 776-7778 So after eating the big Thanksgiving meal and maybe planning some weekend shopping, if you are a Marquette Bank customer, you might want to take the 2021 Customer Survey before it’s too late. The deadline is Nov. 30.…

Karen Sala

There are many Jewels, but ours shines brightest

By Karen Sala Your correspondent in Gage Park (773) 471-1429 • [email protected] Turkey Day is over, and now it’s time for leftovers! I enjoy leftovers from Thanksgiving dinner more than the original. Even though I went by my son’s, I still made my own turkey and sides. That way I have leftovers. I was watching TV…

Mary Stanek

The best is what’s left over

By Mary Stanek Your correspondent in Archer Heights and West Elsdon 3808 W. 57th Place • (773) 284-7394 I hope everyone’s tummies are full of all that Thanksgiving goodness. In the words of actor and comedian Kevin James, “Thanksgiving, man. Not a good day to be my pants!” Now the best part about Thanksgiving being…

Neighbors

DVN JCs Restoration House Ad
Cook County Sheriff ad.2
Ray Stetz, of La Grange, talks with Township of Lyons Assessor Patrick Hynes (right) about possible property tax exemptions. (Photos by Steve Metsch)

Township residents talk taxes with elected officials

By Steve Metsch Marek Gil, like many residents, has questions about his property taxes. Plenty of questions. Gil owns two properties, one in Hickory Hills and one in Justice. Asked if his taxes are too high, Gil replied: “Of course.” Gil, who resides in Justice, was among a group of residents who attended the “Coffee…

Summit village officials and employees stand in front of this year's Christmas Tree. (Photos by Carol McGowan)

Summit lights village Christmas Tree

By Carol McGowan Nearly 50 people were on hand November 18 as the Village of Summit Christmas tree was lit. It was a true sign of the holidays to come, as the crowd gathered by the tree and sang a Christmas carol while sipping on hot chocolate and coffee. It was one of the first…

Orland Park Mayor Keith Pekau announces his intention to run for the 6th Congressional District. (Photo by Jeff Vorva)

Pekau joins crowded Republican field in 6th Congressional District

By Jeff Vorva In what could be one of the most interesting and heated congressional races in the state in 2022, Orland Park Mayor Keith Pekau announced Monday he is planning on running in the new 6th Congressional District. He will be running as a Republican and, so far, will battle energy consultant Niki Conforti in the…

Palos Park's Denise Cowan is one of four citizens to object to the village considering video gaming. (Photo by Jeff Vorva)

Palos Park delays gaming vote again

By Jeff Vorva Someone should send the mayor of Palos Park some Alka-Seltzer. For the third meeting in a row, the Palos Park Village Council did not take any action on bringing gaming machines to town. Mayor John Mahoney and Commissioner Dan Polk are leaning in favor of it to help out the local businesses…

More than 800 runners competed in this year’s Turkey Trot. Photo by Jeff Vorva

Record number of runners come out for 33rd Turkey Trot

By Jeff Vorva Correspondent In 2019, Patrick Foster won the Orland Park Turkey Trot for his first top finish in a competitive race. This year, he was back in the winner’s circle. Foster, an Orland Park native who now lives and works in Madison, Wisconsin, finished the 2 1/2-mile race in 14 minutes, 19.9 seconds…

Madelyn and Zachary Rodrigues are proud to hold an annual toy drive benefiting patients at Comer Children's Hospital at the University of Chicago. (Supplied photos)

Teen helps others despite brittle bone disease

Family toy drive benefits Comer Children’s Hospital By Kelly White Early on in her life, Madelyn Rodrigues was diagnosed with Osteogeneis Imperfects, a brittle bone disease that has already resulted in more than 70 bone fractures in her 14 years of life. As a freshman at Illinois Lutheran High School in Crete, Madelyn’s inner strength…

Peggy Zabicki

Thankful for the man who gave us Peanuts

By Peggy Zabicki Your correspondent in West Lawn 3633 W. 60th Place • (773) 504-9327 Did you know that Charles M. Schulz, author of the Peanuts cartoon series, was born on Nov. 26, 1922? I’m thankful and grateful for his creativity, which has endured the test of time. His cartoon movie, A Charlie Brown Thanksgiving, was first…

Kathy Headley

Marquette Bank wants your opinions

By Kathy Headley Your correspondent in Chicago Lawn and Marquette Manor 6610 S. Francisco • (773) 776-7778 So after eating the big Thanksgiving meal and maybe planning some weekend shopping, if you are a Marquette Bank customer, you might want to take the 2021 Customer Survey before it’s too late. The deadline is Nov. 30.…

Karen Sala

There are many Jewels, but ours shines brightest

By Karen Sala Your correspondent in Gage Park (773) 471-1429 • [email protected] Turkey Day is over, and now it’s time for leftovers! I enjoy leftovers from Thanksgiving dinner more than the original. Even though I went by my son’s, I still made my own turkey and sides. That way I have leftovers. I was watching TV…

Mary Stanek

The best is what’s left over

By Mary Stanek Your correspondent in Archer Heights and West Elsdon 3808 W. 57th Place • (773) 284-7394 I hope everyone’s tummies are full of all that Thanksgiving goodness. In the words of actor and comedian Kevin James, “Thanksgiving, man. Not a good day to be my pants!” Now the best part about Thanksgiving being…

DVN Les Brothers Restaurant House Ad
CRR NH Trianos Pizza House Ad