As state lawmakers look to plug budget holes by removing limits on state income tax rates, Illinois’ spending is set to ...
The tax deadline is coming up, and the Illinois Department of Revenue is reminding taxpayers there's only a few days left to file. April 15 is the deadline for filing 2024 state individual income tax ...
Let's face it – paying taxes is a drag. Especially since it's something of a never-ending process, federally required year after year. But did you know that not all states tax retirement income? And ...
Illinois taxpayers may maximize the impact of their charitable giving with the Illinois Gives Tax Credit program, which offers 25% state income tax credits to contributions to qualified endowments of ...
Starting January 1, 2026, Illinois will eliminate its 1% statewide grocery tax.
On June 16, 2025, the Illinois legislature enacted H.B. 2755 (Public Act 104-0006), which made significant taxpayer-friendly amendments to The Tax Delinquency Amnesty Act (TDAA) and The Retailers’ ...
As part of a $55.2 billion state budget package full of tax hikes, Illinois lawmakers passed a new tax on online sports wagering. Under the guise of filling a roughly $1 billion shortfall, the move ...
Illinois' gas tax is about to rise starting this week, which will mean drivers will pay more at the pump. The increase comes as a number of tax hikes and new laws begin across the state starting July ...
Illinois lawmakers’ recent attempt to tax unrealized capital gains ultimately came up short. However, at the end of October, the Illinois Legislature sent another tax hike to Governor J.B. Pritzker’s ...
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