Governor Quinn Encourages Working Families to Apply for Tax Relief - Increase to Earned Income Credit and Personal Exemption to Help Working Families and Stimulate Local Economies

CHICAGO – February 4, 2012. As tax preparation season gets underway, Governor Pat Quinn today visited a tax assistance center organized by the Center for Economic Progress at Truman College to encourage working families across Illinois to learn about tax relief passed by the Governor earlier this year and how to apply for the Illinois Earned Income Tax Credit. The law doubles the state’s Earned Income Tax Credit (EITC) over two years, saving low-income workers an extra $105 million per year. The new law also benefits all Illinois taxpayers by raising the value of the personal exemption and indexing it to inflation.