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What is the Illinois Edge program?

The EDGE program provides an incentive to businesses to support job creation, capital investment and improve the standard of living for all Illinois residents.

Why is economic development important?

Economic development works to create better jobs that lead to an increased standard of living for people, and to improve the infrastructure of the community where they live. Its more than just jobs. Economic Developers are NOT Economists. Economists are the technical experts.

What are examples of tax credits?

Credits for Individuals Child Tax Credit Child and Dependent Care Credit. Earned Income Tax Credit (EITC) Education Credits. Adoption Credit.

What is the Earned Income Credit for 2023 in Indiana?

The amount of the Indiana EIC is equal to 10% (9% before 2022) of the federal earned income tax credit that the individual: is eligible to receive in the taxable year; and. claimed for the taxable year; under IRC Sec. 32 in effect on January 1, 2023.

Is the Indiana credit for local taxes paid outside Indiana?

The credit for taxes paid to a locality outside Indiana must be supported by a separate calculation of the credit. If the taxpayer is required to file a return with the locality in another state, a copy of the return must be submitted with the claim for credit.

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