Illinois Withholding Income Tax Guidance – Minimum Wage Credit

January 2020
By BreeseChamberAdmin
Posted: Updated:

For tax quarters beginning January 1, 2020, and ending December 31, 2027, each employer with 50 or fewer full-time equivalent employees during the reporting period may claim a credit due for each qualified employee, in an amount equal to the maximum credit available.

Read Full Bulletin