Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does Illinois have a State Earned Income Tax Credit too?

April 26, 2017credit earned Illinois State

0

Posted

Does Illinois have a State Earned Income Tax Credit too?

1 Answer

0

Posted

Yes. For your 2008 taxes, Illinois residents who claim the federal EITC may also get a State EITC that is worth 5% of the federal EITC. The state EITC is not a tax refund, but it can reduce the amount of State income tax that is owed. The State EITC is claimed on the Illinois Income Tax Return.