9 new laws in Illinois go into effect Monday. Here's what to know.
From new protections for young social media stars to driver's licenses for undocumented immigrants, these laws will go into effect on July 1.
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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.
A government watchdog warns that tax pros might not do a better job than you can — and some are straight-up fraudsters.
Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.
The IRS says it is not clear how to handle all the tax rebates given out in 2022, and you may want to wait before filing this year. Ivan Rodriguez reports.
