Expert explains benefits of performing mid-year tax checkup
Mark Steber, chief tax information officer at Jackson Hewitt, discusses how to perform the mid-year check and why it’s easier to make changes now than in December.
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Mark Steber, chief tax information officer at Jackson Hewitt, discusses how to perform the mid-year check and why it’s easier to make changes now than in December.
Project 2025, a blueprint for the next Republican president, proposes major economic changes that could impact millions of Americans.
The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois gas seven years ago.
From new protections for young social media stars to driver's licenses for undocumented immigrants, these laws will go into effect on July 1.
In 2023 south suburban property taxes are up just shy of 20% on average, setting a new record. In two towns, Dixmoor and Phoenix, tax bills have more than doubled.
Illinois House lawmakers approved the fiscal year 2025 spending plan, which is said to be the largest in the state's history. The elimination of the 1% grocery tax may make a trip to the store more affordable, but it could also leave some local governments with a major hole in their budgets.
Illinois House lawmakers approved the fiscal year 2025 spending plan, which is said to be the largest in the state's history. The $53 billion budget was approved with a 65 to 45 vote in the early morning hours after the state Senate passed it on over the weekend. The more than 3,000-page spending plan now heads to Gov. JB Pritzker's desk for his signature.
An IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses twice--in 2008 and then again in 2010.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
A minority of voters have decided on multiple property tax-related referendums in recent elections, according to a study by Cook County Treasurer Maria Pappas.
It includes tax breaks for families, higher taxes on the wealthy and corporations, and lower deficits. Under the plan, parents would get an increase in the child tax credit and access to affordable child care.
Cook County Circuit Court Judge Kathleen Burke ruled the controversial Bring Chicago Home ballot referendum is invalid.
There's a saying that there are two sure things in life: death and taxes. Taxes were even more painful for a suburban woman whose fight over her 2020 return wages on.
There's a saying that there are two sure things in life: death and taxes. Taxes were even more painful for a suburban woman whose fight over her 2020 return wages on. She's an accountant and hired a tax professional, but she still got stuck in a messy battle.
They said con-artist will try to "take your money, but your personal identity information, and peace of mind."
She's accused of failing to pay 14.5 million Euros in Spanish income tax from 2012 to 2014. That amount translates to more than $15 million.
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
The increases come after a suspension of taxes to help residents deal with rising inflation.
Two common expenses for people living in Illinois are going to cost consumers more starting July 1, this Saturday.
The report was created by the Action Center on Race and the Economy - along with the People's Unity Platform.
Chicago taxpayers can swing by their office from 9 a.m. to 4 p.m. to talk to experts about any problems or concerns.
People were hurrying to drop off their paperwork at the Cardiss Collins main post office in the South Loop.
You had to move fast to keep up with last-minute tax filers rushing their returns to beat the midnight deadline.
Chicago mayoral finalists Paul Vallas and Brandon Johnson each have big ideas on how to make the city better and safer – but that means money. CBS 2 Political Investigator Dana Kozlov reports.
In at least two instances, the robbers threatened the drivers with guns.
The Rockies took their second consecutive game from Chicago.
The home slide was a franchise record.
Saturday marked the start of the El Grito Festival, but some celebrations began Friday with car caravans on Michigan Avenue.
Three American citizens, two Spaniards and a Czech citizen have been detained in Venezuela on suspicion of plotting to destabilize the country through "violent actions."
The University of Wisconsin administration has published a new policy that requires school leaders remain maintain neutral viewpoints in their public statements.
It was revealed Thursday night that the village's bank was so fed up that it ordered the village to close its account and take its business elsewhere.
The baseless rumors have been amplified in recent days by former President Donald Trump and his allies.
Taylor Swift's post endorsing Vice President Kamala Harris for the White House on Tuesday drove 405,999 users to visit the site vote.gov within 24 hours.
Next week marks one year since Illinois outlawed cash bail, and advocates and critics of the change have been waiting patiently to see it if has been successful — or as some predicted, a disaster.
The Internet lit up this week with news that a Chicago restaurant is offering a luxe cocktail for $13,000, purportedly the most expensive martini in the United States.
Scammers have taken more than $100 million meant for senior citizens' Medicare bills, which comes from taxpayer money. The fraud scheme was exposed after swindlers made $3 billion worth of fake Medicare claims.
Bon Appetit magazine recently unveiled its list of must-try new eateries, and among its selections is Akahoshi Ramen, which opened last year in the Logan Square neighborhood.
A local expert said contrary to the concerns of the FTC, Jewel and Mariano's operating as one company could reduce prices and likely keep stores open.
A Chicago mom who asked to remain anonymous is one of the towing company's latest victims.
Boar's Head will no longer make liverwurst and is indefinitely closing the location where the product was made, impacting 500 workers.
Doctors say it almost seems like positive test results will be the new normal at big events like the Democratic National Convention.
Deadly listeria outbreak linked to recalled Boar's Head deli meat is the largest in the U.S. in more than a decade.
Health officials say two people in eastern Wisconsin and one person in northeastern Illinois have died of West Nile virus.
He's not the youngest or the smallest baby to ever stay, but his length of stay is rare.
The factory's parent company said it gave workers the opportunity to move to other facilities.
One season ticket owner shared his take. His seats for Sunday, with a face value of $250, sold for about $599 each.
A local expert said contrary to the concerns of the FTC, Jewel and Mariano's operating as one company could reduce prices and likely keep stores open.
The FTC is seeking to block the merger, arguing it would eliminate competition between the supermarket chains and would lead to even higher prices for shoppers.
It's hard to know exactly how many local residents stayed home—or even left the area. But the fact that some businesses saw such slow sales is a sign.
Singer Jon Bon Jovi helped bring a woman back off the ledge of a pedestrian bridge in Nashville Tuesday night, police said.
Taylor Swift wrote that Vice President Kamala Harris "is a steady-handed, gifted leader and I believe we can accomplish so much more in this country if we are led by calm and not chaos."
A Michigan judge on Monday ordered hip-hop mogul Sean "P. Diddy" Combs to pay out a $100 million judgment to a man currently in prison who claimed Combs drugged and sexually assaulted him at an afterparty in 1997.
Emmy and Tony Award-winning actor James Earl Jones' majestic voice became internationally recognized as the villainous Dark Lord in the "Star Wars" franchise.
Catherine, Princess of Wales, says she's finished chemotherapy less than six months after she announced her cancer diagnosis.
Village leaders in Arlington Heights are asking for help to reunite a lost ring with its rightful owner.
Meteorologist Mary Kay Kleist has the 10 p.m. forecast for Saturday, Sept. 14, 2024.
Robbers targeting Lyft and Uber drivers are on the loose in Chicago. Police say they rely on their drivers' kindness.
Intermittent street closures went into effect in downtown Chicago Saturday evening as many celebrate ahead of Mexican Independence Day.
Saturday marked the start of the El Grito Festival, But some celebrations began Friday with car caravans on Michigan Avenue.
Friends of the victim said the crash was no accident.
On Saturday, the Urbina family identified their son as 2-year-old Christopher, who died on Sept. 6.
The Chicago Police Department and the Great Lakes Regional Fugitive Task Force arrested the suspect on Friday around 8:30 a.m. in the 5800 area of State Route 154 in Pinckneyville, Illinois, 300 miles away from the crime scene.
Chicago officials warn visitors of increased traffic downtown throughout the weekend, especially around Grant Park.
Temperatures will be warmer than normal for a while.
One of the videos showed the arrest of a journalist who said he was just doing his job when he was zip-tied and held for at least eight hours.
While the video does not show an up-close perspective of the 59 arrests that happened that night, it does provide a much better look at the bigger picture than has been seen up to this point.
Next week marks one year since Illinois outlawed cash bail, and advocates and critics of the change have been waiting patiently to see it if has been successful — or as some predicted, a disaster.
Jomaury Champ's family sued the Chicago Public Schools for what happened to the fourth grader after officials let an unauthorized person into the school.
The city on Monday also released long-awaited data on ShotSpotter's effectiveness.
The Rockies took their second consecutive game from Chicago.
The home slide was a franchise record.
Michael Busch had three hits for the Cubs, including a three-run home run off Victor Vodnik (4-3) in the top of the eighth that pulled the Cubs into a 5-5 tie.
At 33-115, the White Sox are approaching the post-1900 record for losses — 120 by the 1962 New York Mets in their inaugural season.
Napheesa Collier scored 20 points, and the Minnesota Lynx beat the Chicago Sky 83-66 for their fifth straight victory.
It is believed the thieves somehow obtained clean copies of the keys to the cars.
Late Friday, no one was in custody and Belmont Area detectives were investigating.
There were two to four thieves involved, police said.
CBS News Chicago is giving you the most accurate, up-to-date data on gun violence incidents from the Chicago Police Department and the Cook County Medical Examiner's Office.
The incident happened outside Haven Middle School, at 2417 Prairie Ave. in the northwest part of Evanston.
