State Of Illinois Reminds Residents To Claim Valuable Tax Benefits
CHICAGO - With thousands of Illinoisans missing out on the federal Earned Income Tax Credit (EITC) and state Earned Tax Credit (EIC) each tax season, Governor JB Pritzker is reminding qualifying taxpayers to take advantage of these benefits. "The Earned Income Tax Credit is a huge benefit and puts thousands of dollars in the pockets of low to moderate income families each year,” Governor JB Pritzker said. “Even if an individual does not owe any taxes, they may still be eligible for the credit and receive critical funding that can be used for bills and necessities.” To be eligible for EITC, taxpayers must meet certain income and residency qualifications and file a tax return, even if they do not owe any tax or are not required to file. The Internal Revenue Service (IRS) recommends that all workers who earned around $57,414, or less learn about EITC eligibility and use the EITC Assistant to find out if they qualify. "A family's eligibility can change year to year,