Illinois Minimum Wage 2023 Increase

Published On: November 22nd, 2022Categories: Payroll, Payroll Tax, Small Business

As we look towards 2023, we wanted to take a moment to remind you of the next installment in the Illinois scheduled minimum wage increases. It is important to know what these changes look like whether you are a business owner or an individual receiving minimum wage.

January 1, 2023, triggers the next scheduled increase with Illinois minimum wage rising from $12.00 to $13.00 per hour. The minimum wage will continue to increase by $1.00 per hour each January 1^st until it reaches $15.00 per hour on January 1, 2025.

This scheduled increase also impacts the tipped employee wage rate, which is 60% of the hourly minimum wage. Effective January 1, 2023, the tipped wage rate will increase to $7.80 per hour and continue to increase annually based on minimum wage increases.

Below is a breakdown of Illinois’ scheduled minimum wage rate increases by year.

For further information on these increases, please visit the Illinois Department of Labor website.

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 should you have any questions.

About the Author: Andrea Doerdelmann

Andrea Doerdelmann is every payroll client’s preferred Eccezion team member, or she’s at least their employees’ favorite– whether they know it or not. Why? She makes sure everyone gets paid. “Andrea is the lead team member of our payroll department,” firm partner Shelly Casella-Dercole says. “She is great at following through with clients and resolving payroll issues. She is also excellent at adapting to various client accounting systems to get payroll done on the client’s system rather than ours.”