Illinois small business owners get tax break for hiring

Wondering if the time is right to add the next position to grow your small business? Act now and earn a tax credit.

Small businesses are the foundation of a great economy. To help spur on your success, the State of Illinois is offering tax credits when you create a new, full-time position. After hiring the employee, your business can apply online to receive a $2500 tax credit against withholding taxes which will be awarded after July 1, 2011. The credits are available on a first-come, first-served, basis.

To apply, simply go online to jobstaxcredit.illinois.gov. You’ll need to provide basic information including your FEIN. In a year, eligible companies will receive a tax credit certificate.

View the Small Business Flyer as well as a FAQ's

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