AS TAX FILING SEASON RAMPS UP, ONE STATE SENATOR IS HIGHLIGHTING CHANGES TO THE ILLINOIS EARNED INCOME TAX CREDIT.
LOW TO MODERATE WAGE EARNERS MAY BE ELIGIBLE FOR THE CREDIT, WHICH HAS RECENTLY BEEN EXPANDED SAYS SENATOR OMAR AQUINO OF CHICAGO. THAT INCLUDES MAKING THE CREDIT WORTH MORE AND ADDING THOSE WITH AN ILLINOIS TAXPAYER IDENTIFICATION OR “I-TIN” NUMBER INSTEAD OF A SOCIAL SECURITY NUMBER.
TAXPAYERS WHO QUALIFY FOR THE FEDERAL EARNED INCOME TAX CREDIT AUTOMATICALLY QUALIFY FOR THE STATE CREDIT. ACCORDING TO THE ILLINOIS DEPARTMENT OF REVENUE, THOUSANDS OF PEOPLE EACH YEAR FAIL TO TAKE ADVANTAGE OF THIS BENEFIT.
AQUINO SAYS THESE ARE OFTEN UNDOCUMENTED WORKERS WHO ARE PAYING STATE AND LOCAL TAXES.
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February 23, 2023 at 06:54AM
Illinois Delivered 