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The Illinois Earned Income Tax Credit (EITC) is a benefit for working people with low to moderate income that reduces the amount of tax owed and may result in a refund. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file.
Feb 6, 2024 · Thousands of Illinoisans will be eligible for a newly-expanded Earned Income Tax Credit this year, and officials are getting the word out to encourage those individuals to claim the funds.
Jun 23, 2022 · In Illinois, those who qualify for the federal EITC will generally qualify for Illinois’ Earned Income Tax Credit (EIC) and receive 18 percent of their federal credit.[4] Starting tax year 2023, Illinois’ EIC will increase to 20 percent and eligibility has been expanded to childless workers aged 18 to 24 and 65 and older, as well as ...
Feb 15, 2022 · On January 11, Illinois Senator Brian Stewart (R) introduced Senate Bill 3119, legislation that would impose a 10% excise tax on the book value of assets or liabilities, whichever is greater,...
Nov 19, 2023 · For tax years 2022 and earlier (filed by April 2023), the Illinois Earned Income Tax Credit is 18% of the federal credit amount. For tax years 2023 and beyond (filed in 2024), the Illinois EITC rises to 20%.< To find out if you qualify for benefits, check the IRS' eligibility criteria.
Feb 28, 2023 · An April 2022 study conducted by the Government of the District of Columbia ranked major U.S. cities in terms of the estimated, combined tax burdens for hypothetical families at various...
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The IDHS-4039 Free Tax Help notice explains the Earned Income Tax Credit (EITC) and provides information regarding free tax filing assistance. The notice is being mailed to all cash, medical and SNAP households.
