Illinois Minimum Wage Again Increases on January 1

Date: December 14, 2022

The Illinois minimum wage will again increase on January 1 from $11 to $12/hour. The increase, passed into law in 2019, phases in a $1 increase annually until 2025, when the minimum wage will become $15/hour. The tip-wage also increases on January 1 from $6.60 to $7.20/hour. Tipped employees must be paid minimum wage, but an employer may take credit for the employee’s tips in an amount not to exceed 40% of the wages. Additional details can be found at this link:  Minimum Wage/Overtime FAQ – FAQs (illinois.gov)

 

Illinois Minimum Wage

YEAR MINIMUM WAGE TIPPED YOUTHS (UNDER 18) (WORKING LESS THAN 650 HOURS PER CALENDAR YEAR)
01/01/2020 $9.25 $5.55 $8
07/01/2020 $10 $6 $8
01/01/2021 $11 $6.60 $8.50
01/01/2022 $12 $7.20 $9.25
01/01/2023 $13 $7.80 $10.50
01/01/2024 $14 $8.40 $12
01/01/2025 $15 $9 $13

Related Content: Small Business News | Illinois

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