The Earned Income Tax Credit (EITC) helps people who work but struggle to get by on low wages, while also reducing poverty, increasing tax fairness, and boosting local economies across the state. Doubling the Illinois Earned Income Tax Credit (EITC) from 10 to 20% of the federal EITC is one of the best investments Illinois can make. Read more about EITC »
|Median income of recipients||$13,436|
|Households receiving EITC||902,196|
|Children in EITC households||1,181,877|
|Now (10%)||With expansion (20%)|
|Average boost to working families' income||$300||$600|
|Annual economic activity from EITC||$322.3M||$644.5M|
Help us spread the word about doubling the Illinois Earned Income Tax Credit.
All participation estimates are based on federal EITC data from Tax Year 2012, assuming a 90% participation rate for the state EITC. Economic activity estimates are based on an assumed multiplier effect of $1.50.
Sources of federal data: