Illinois Department of Revenue
 
         2022 Schedule WC Instructions
 
General Information                                                      Lines 1 through 4 - Enter your credits
Complete this schedule if you are filing Form IL-941, Illinois           Column A - Years Left to Carry
Withholding Income Tax Return, and are entitled to any of the            Note: The Minimum Wage Credit has no carryforward so it 
credits listed on Schedule WC-I, Withholding Income Tax Credits          should be listed first on your Schedule WC and show 0 in 
Information and Worksheets.                                              Column A.
This schedule must be completed if you earned or carried                 Write the number of years the ILSBJC or EDGE credit has left 
credits this reporting period.                                           to carry before it expires. For the first year the credit is claimed, 
                                                                         enter 5 for the number of years the credit can be carried 
What if I need additional assistance or forms?                           forward. For the last year the credit is carried forward, enter 0. 
•  Visit our website, tax.illinois.gov, for assistance, forms or         Using the four-digit code identified in the Column B instructions 
   schedules.                                                            below and starting on Line 1, list your credits in the following 
•  Write us at:                                                          order:
   ILLINOIS DEPARTMENT OF REVENUE                                                 Credits that cannot be carried forward
   PO BOX 19001                                                                   Five-year credits in last year of carryforward
   SPRINGFIELD IL 62794-9001                                                                These credits will have 0in Column A
•  Call 1 800 732-8866 or 217 782-3336 (TDD, 
                                                                                  Five-year credits available to carry one more year
   telecommunications device for the deaf, at 1 800 544-5304).
                                                                                            These credits will have  1 in Column A
•  Visit a taxpayer assistance office - 8:00 a.m. to 5:00 p.m. 
   (Springfield office) and 8:30 a.m. to 5:00 p.m. (all other                     Five-year credits available to carry two more years 
   offices), Monday through Friday.                                                         These credits will have  2 in Column A
                                                                                  Five-year credits available to carry three more years 
Specific Instructions                                                                       These credits will have  3 in Column A
All figures should be rounded to whole dollars. To do this, you                   Five-year credits available to carry four more years 
should drop any amount less than 50 cents and increase any                                  These credits will have  4 in Column A
amount of 50 cents or more to the next higher dollar.                             Five-year credits available to carry five more years 
                                                                                            These credits will have  5 in Column A
Figure your withholding income tax credit
                                                                         Column A should start with zero (credits with no carry 
You must list all credits that are available this reporting period,      forward then credits in the last year of credit availability for 
including any carried forward credits and new credits. This              carryforward) and increase by year (if you have available 
schedule must be completed if you earned or carried credits this         credit in every year). If you have multiple credits with the same 
reporting period.                                                        number of carryforward years, list them in ascending order by 
If you have more qualifying credits than space provided on               credit code (see Column B instructions below for credit codes). 
Schedule WC, complete a separate schedule in the same format.            Applying the credits in this manner ensures that the credits 
Attach the additional schedule(s) to your Schedule WC and enter          are used in the correct order. Credits are applied based on the 
the total credit you may claim on your original Schedule WC, Line        earliest expiration.
7. Do not enter the total on your additional schedules.
Follow the instructions to complete Schedule WC.  To                     Column B - Credit Code
determine the correct amount to list in Schedule WC,                     Credit Code                   Withholding Income Tax Credit Name
Column E, use the Schedule WC-I instructions and worksheets.
                                                                         Active Credits

                                                                                   0900                Minimum Wage Credit 
                                                                                   5900                Economic Development for a Growing    
                                                                                                       Economy Tax Credit Program (EDGE) 
                                                                                   5910                Illinois Small Business Job Creation Tax   
                                                                                                       Credit (ILSBJC) 

                                                                         Column C - IL Quarter Ending Credit Earned
                                                                         Write the four-digit year and two-digit month of the quarter 
                                                                         ending during which the credit was first earned. Separate the 
                                                                         year and the month with a dash (YYYY-MM). Use the last 
                                                                         month of the quarter for reporting purposes. 
                                                                         Example: You earned a $257 Minimum Wage Credit in the 
                                                                         third quarter of 2022. Enter 2022-03 in Column C. 

Schedule WC Instructions (R-12/21)       Printed by the authority of the state of Illinois - web only, one copy                               Page 1 of 2

Column D - Identifying Number                                           Column F - Credit Carried 
•   For the ILSBJC credit, enter the certificate number listed                                                                                       Example 1 
                                                                        Enter any credit carried from a previous quarter.                            See 
                                                                        below for additional information. 
    on the Tax Credit Certificate received from the Illinois 
    Department of Commerce and Economic Opportunity 
                                                                        For the Minimum Wage Credit, always enter zero. 
    (DCEO).  
                                                                        Column G - Total Credit
•   For all other credits, leave the column blank. 
                                                                        Add Columns E and F for each line and enter in Column G. 
Column E - Credit Earned
                                                                        Line 7 - This is your Schedule WC Credit. Enter this 
Follow the instructions in Schedule WC-I to determine the               amount on your Form IL-941, Step 5, Line 3.
correct amount of credit to report in this column. 

How to calculate your credit available to carry forward

EXAMPLE:

  A         B          C                  D                     E           F                  G                                                                    
 Years  Credit   Quarter Ending         Identifying           Credit        Credit           Total                                               
 Left to  Code         Credit           Number               Earned         Carried          Credit                                              
 Carry               Earned                                      

    0      0900      2022-03                ____ _________      257.00_     __0___     257.00__ 
    4      5900      2020-12        _321654987___  _______               1000.00       1000.00_ 
                   EXAMPLE
    1      5910      2018-03        _321654987___     2500.00______         _______       2500.00_ 

5. Add Column G, Lines 1 through 4. This is yourtotal available credits                                                     . ___3757.00_______                                        
6. Enter the total tax amount from Form IL-941, Step 4, Line 2, or Form IL-941-X, Step 4, Line 4.                ___2000.00_______              
7. Compare Lines 5 and 6, and enter the lesser amount here. This is the amount available as credit for this reporting period. 
Enter this amount on Form IL-941, Step 5, Line 3, or on Form IL-941-X, Step 5, Line 5.                                ____2000.00______                        
 
In this example, you will subtract $257.00 from $2,000.00, leaving a balance of $1,743.00. Next, subtract $1,000 from $1,743.00 leaving a 
$743.00 balance. Then subtract $2,500.00 from $743.00 leaving a credit of $1,757.00 of ILSBJC from 2021-03 that can be carried forward to 
second quarter of 2021.  Assuming no other credits are avaialble in second quarter 2020, the second quarter Schedule WC will be completed 
as follows: 
  A         B          C                  D                     E           F                  G                                                                      
 Years  Credit   Quarter Ending         Identifying           Credit        Credit           Total                                                        
 Left to  Code         Credit           Number               Earned         Carried          Credit                                              
 Carry               Earned                                      

   1       5910     2018-03              321654987_____      __0__        1757.00          1757.00 
 ___  ______ ________        _________________        _____        _______         _______ 
 ___  ______ ________       EXAMPLE_________________        _____        _______         _______ 
 ___  ______ ________        _________________        _____        _______         _______ 
 
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