![A 1040 Federal income tax form.](https://will.illinois.edu/images/uploads/45407/6757838321_7b4e594ae5_z__1___medium.jpg)
Tax Break For Lower Income Earners In State Budget Package
A tax increase is not the only change coming for some Illinois residents as the new budget package is rolled out. The General Assembly approved a tax package earlier this month that raises the income tax rates for both businesses and individuals. But it also comes with an increase to the state’s earned income credit.