The Earned Income Tax Credit, or EITC, is a federal income tax credit for low-income working families and individuals. Twenty-three states and the District of Columbia have their own version of the EITC. Most state EITCs are based on the amount of the taxpayer's federal EITC and have the same or similar eligibilty rules as the federal credit. Many state EITCs are also refundable.
Illinois Earned Income Tax Credit
The Illinois Earned Income Tax Credit is based on the amount of the taxpayer's federal EITC and is refundable.
- State: Illinois
- Percentage of federal credit: 5%
- Is it refundable? Yes
- Income eligibility criteria same as federal? Yes
- How to claim: Residents, nonresidents, and part-year residents of Illinois can claim the credit by attaching Schedule ICR to their Illinois tax return.
- Illinois Income Tax
- Illinois Increases Income Tax
- Illinois State Taxes
- Working in Illinois and Living in Another State or Vice Versa