Illinois Minimum Wage Increasing in January

Published On: December 4th, 2020Categories: Small Business

We are all looking forward to 2021 and putting 2020 behind us! But the new year also brings new laws. We wanted to take a moment to remind our clients of the next installment in the Illinois scheduled minimum wage increases. Whether you’re a business owner or an individual, it is important to know what these changes look like for those receiving minimum wage.

On January 1, 2021, the minimum wage will increase from $10.00 to $11.00 per hour in Illinois. This increase will also affect the tipped employee wage rate, which is 60% of the hourly minimum wage. The tipped wage rate will increase to $6.60 per hour in January.

The minimum wage will continue to increase $1.00 per hour each January 1st until it reaches $15.00 per hour on January 1, 2025. The tipped wage rate will also continue to increase annually based on the minimum wage increase. Below is a complete list of Illinois’ scheduled minimum wage rate increases.

Eder, Casella & Co is here to guide you through these increases to ensure that you stay compliant. Please reach out to our payroll specialists at payroll@eccezion.com, and they would be happy to help your business.

About the Author: John Albanese

John Albanese joined Eccezion in 1999, right after earning his Bachelor of Arts in Business Accounting from Trinity International University, and made partner at the age of 26. The McHenry native has built his reputation serving a variety of clients in both audit and tax capacities, developing into a go-to for construction companies.