Quinn urges families to apply for tax credit - KMOV.com

Quinn urges families to apply for tax credit

Posted: Updated:
By KMOV Web Producer By KMOV Web Producer

CHICAGO (AP) -- Gov. Pat Quinn is encouraging poor and working families to apply for a tax break aimed at helping them keep more of what they earn.

   Quinn signed the earned-income tax credit into law last month.

   He visited a Chicago tax assistance center Saturday to spread the word about the credit.

   The new law is effective for the 2012 tax year. It expands the state's earned-income tax credit. It's now 5 percent of the federal credit and will climb to 7.5 percent next year and 10 percent the year after.

   State officials said it would eventually translate to an average of about $100 a year per family.
Currently about 900,000 families meet income guidelines in Illinois, but some advocates estimated 1 million will qualify this year.
 

Powered by Frankly