As state lawmakers look to plug budget holes by removing limits on state income tax rates, Illinois’ spending is set to ...

Manish Bhatt, senior policy analyst with the Tax Foundation, said Illinois’ tax structure makes it possible for the state to ...

Manufacturers say legislators at the Illinois State Capitol have done enough damage and a progressive tax would be too much.

Illinois tipped workers hoping for a break under the new federal tax law are in for a surprise: the state will continue ...

CHICAGO (WLS) -- Illinoisans voted on changing the state constitution to move from a flat tax to a graduated income tax, where the wealthy pay more, Tuesday, and Republicans claimed victory. As of ...

Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue. The Governor’s ...

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Let's face it – paying taxes is a drag. Especially since it's something of a never-ending process, federally required year after year. Though you can technically avoid paying state taxes on retirement ...

The state of Illinois requires you to pay taxes if you’re a resident or nonresident that receives income from an Illinois source. The state income tax rates are 4.95%, and the sales tax rate is 1% for ...

Giving almost no time for public review, Illinois Democrats pushed through a $55.2 billion budget for next fiscal year late Saturday, bolstering coffers with new taxes on sports bets, nicotine ...

Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the ...