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IDOR News & Updates - February 6, 2024 |
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Take Advantage of Illinois' Expanded, Earned Income Tax Credit
The Illinois Earned Income Tax Credit (EITC) is a benefit that helps lower to moderate income workers get a tax break.
To claim Illinois EITC, taxpayers must file an Illinois income tax return.
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New for tax year 2023, Illinois EITC has been expanded to include taxpayers:
- ages 18+ (with or without qualifying child)
- ages 65+ (without qualifying child)
- with IRS-issued Individual Taxpayer Identification Number (ITIN)
Illinois (EITC) has also been increased from 18% to 20% of the Federal EITC.
You qualify if you
- worked and earned income in 2023 under $63,398 (income amount is dependent upon filing status and number of qualifying children).
- have investment income under $11,000.
- have a valid Social Security number or ITIN by the due date of your 2023 return
(including extensions).
- are at least age 18 by the end of 2023.
- are a U.S. citizen or a resident alien all year.
- file an Illinois income tax return.
You may qualify for the Illinois EITC even if you did not qualify for the federal EITC!
Learn more
Visit tax.illinois.gov/EITC or ask your tax professional.
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For the most up-to-date information, printable forms, schedules, and instructions for the 2024 tax season, please visit IDOR’s website at: tax.illinois.gov. |
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