The Illinois K-12 Education Expense Credit allows parents or legal guardians of full-time students to claim a 25% tax credit ...

Are pension plan payments taxed in Illinois? What about Social Security? Find out which forms of retirement income are taxed ...

CHICAGO As students across Illinois return to the classroom, Governor Pritzker and the Illinois Department of Revenue (IDOR) ...

Jill Jaworski, Mayor Brandon Johnson's chief financial officer, said the state's tax inequities can only be solved by switching from a flat state income tax to a graduated tax, and by extending the ...

State vs. federal income tax rates, types of income subject to tax, and more can differ. State income tax varies depending on ...

Chicago Chief Financial Officer raised eyebrows when she labeled opposition to progressive taxes as “the crime of the century ...

Sports betting is legal in 38 states and Washington, D.C., but the exact amount of tax revenue varies significantly.

Readers had mixed feelings about the new tax cuts on retirement income, with some who support it worrying about its impact on ...

In Illinois, thousands of households are unaware that the government owes them money. The Earned Income Tax Credit and Child ...

Roughly 2 million Illinois retirees are set to benefit from a new federal deduction that shields most Social Security income ...

The national Educational Choice for Children Act creates a federal tax-credit scholarship program for both public and private ...

The Naperville City Council reversed course Tuesday on how it would replace the lost income from the soon-to-be-defunct state grocery tax, abandoning plans to increase the city’s home rule ...