Illinois Administrative Code
Title 86 - REVENUE
Part 100 - INCOME TAX
Subpart B - CREDITS
Section 100.2199 - Illinois Earned Income Tax Credit (IITA Section 212)
Current through Register Vol. 48, No. 38, September 20, 2024
a) With respect to the federal earned income tax credit allowed for the taxable year under Section 32 of the federal Internal Revenue Code, each individual taxpayer shall be allowed a credit against the tax imposed by IITA Section 201(a) and (b). (IITA Section 212(a)) The amount of the credit allowed shall be equal to:
b) Credit in Excess of Liability
c) In the case of a nonresident or part-year resident, the Illinois earned income tax credit shall be equal to the applicable fraction under subsection (a) of that portion of the federal earned income tax credit allowed pursuant to Section 32 of the federal Internal Revenue Code that bears the same ratio as the taxpayer's base income allocable to Illinois bears to the taxpayer's base income everywhere. (See IITA Section 212(a))
d) For taxable years beginning on or after January 1, 2023, each individual taxpayer who has attained the age of 18 during the taxable year but has not yet attained the age of 25 is entitled to the credit under subsection (a) based on the federal tax credit for which the taxpayer would have been eligible without regard to any age requirements that would otherwise apply to individuals without a qualifying child in Section 32(c)(1)(A)(ii) of the federal Internal Revenue Code. (IITA Section 212(b-5)) Taxpayers will need to complete a pro forma U.S. Form 1040, Line 27 as if they had a qualifying child in order to compute the allowable amount of federal tax credit.
e) For taxable years beginning on or after January 1, 2023, each individual taxpayer who has attained the age of 65 during the taxable year is entitled to the credit under subsection (a) based on the federal tax credit for which the taxpayer would have been eligible without regard to any age requirements that would otherwise apply to individuals without a qualifying child in Section 32(c)(1)(A)(ii) of the federal Internal Revenue Code. (IITA Section 212(b-10)) Taxpayers will need to complete a pro forma U.S. Form 1040, Line 27 as if they had a qualifying child in order to compute the allowable amount of federal tax credit.
f) For taxable years beginning on or after January 1, 2023, each individual taxpayer filing a return using an individual taxpayer identification number (ITIN) as prescribed under Section 6109 of the Internal Revenue Code, other than a Social Security number issued pursuant to Section 205(c)(2)(A) of the Social Security Act, is entitled to the credit under subsection (a) based on the federal tax credit for which the taxpayer would have been eligible without applying the restrictions regarding Social Security numbers in Section 32(m) of the federal Internal Revenue Code. (IITA Section 212(b-15))Taxpayers will need to complete a pro forma U.S. Form 1040, Line 27 as if they had a Social Security number in order to compute the allowable amount of federal tax credit.