Illinois Senate President John Cullerton says it’s time to honestly face the future…about a tax cut that lies ahead, reports WBBM Political Editor Craig Dellimore.
In a stunning reversal, commissioners in Lake County, Ind., failed to veto a planned 1.5 percent income tax for county residents.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay?
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.
The City of Chicago is targeting state tax returns to recoup some of the millions of dollars in unpaid parking and red-light camera tickets.
Mayor Rahm Emanuel is expressing concern after the city had to make up a $1.1 million dollar shortfall in tax revenue for renovations at U.S. Cellular Field and Soldier Field.
With just one week to go until the deadline, the Internal Revenue Service is still waiting for about a third of Illinois taxpayers to file their returns.
While many of his fellow Republicans are denouncing the hastily-passed Illinois state income tax increase, former governor Jim Edgar supports it.
Economic development groups in northwest Indiana are taking steps to recruit businesses from Illinois including an advertising campaign highlighting the area’s transportation infrastructure, proximity to Chicago, work force and facilities.
Lawmakers left two big pieces of unfinished business when they went home after voting to raise income taxes. One would make Ill. a less expensive place to do business, and the other would get billions of dollars into charities and companies struggling to survive.
They’re out there, but they’re not very loud – people who actually think Illinois lawmakers are doing the right thing by raising income taxes.
The state’s 66 percent income tax hike has irked a number of people, including former Gov. Rod Blagojevich.
By a single vote, Illinois lawmakers approved a 66 percent increase to the personal income tax, and soon, your paycheck will be shrinking.
The Illinois Senate has begun debating a major tax increase as Democratic leaders fight the clock and reluctant lawmakers.
The clock is ticking on Democrats’ tax hike in Springfield, and legislative leaders are now dialing back the proposal to win more votes before the deadline on Wednesday.
The state’s personal income tax rate would temporarily jump from 3 percent to 5.25 percent, under a plan Democratic leaders have hashed out in Springfield, Senate President John Cullerton told the media late Thursday.
Gov. Pat Quinn and legislative leaders in Springfield have been meeting repeatedly this week, trying to hammer out an agreement that would raise the state’s income tax in an effort to solve a massive budget deficit.
Democratic state lawmakers are moving closer to a possible vote on an income tax hike during the final days of the current legislative session.
Several dozen senior citizens played a large-scale version of the game “Operation” in front of the Thompson Center today — part of a demonstration in support of raising the income tax.