Illinois Teachers Can Now Claim Personally-Bought Supplies On Income Tax ReturnsStarting this year, teachers in Illinois can get state tax credit for the school supplies they buy with their own money and bring in to the classroom.
BGA: New Tax Credit For Private Schools Have Monetary Advantage Over Public SchoolsThe head of a government watchdog group said there seems to be an imbalance built into the new tax credit for private and religious school students that is part of the new school funding formula.
Durbin Calls For Tax Credit For Companies That Employ Americans Senator Dick Durbin was on the Southwest Side Monday morning to push for what he calls the Patriot Employer Tax Credit, reports WBMM Political Editor Craig Dellimore.
House Republicans Unveil Plan For New Tax Breaks For CollegeThe House Republicans’ plan would create a new tax credit for families who earn less than $150,000 a year and send their kids to accredited Illinois schools, as well as a new tax deduction for using college savings programs.
Plenty Of Changes For Tax Filers This YearExperts recommend using some type of guidance to navigate forms and maximize your returns.
Walter's Perspective: When Do We Get A Break?While the corporations and guys on Wall Street get big tax credits, CBS 2's Walter Jacobson asks "When do we get a break?".
State Senator: Extend Tax Breaks For Film IndustrySome Illinois lawmakers want to make sure the film industry keeps coming back to Illinois, for the next decade, at least.
Unclaimed College Tax Credits Reach $1 Billion In IllinoisThe American Opportunity Tax Credit allows families to claim a tax credit of up to $2,500 per student on their 2009 and 2010 tax returns, according to a Sunday release from U.S. Senator Dick Durbin.
Tax Credit For Replacing Old Heat Equipment Due To ExpireChicago area home owners who've considered replacing that old furnace or insulating the attic might want to get moving on that if they want a $1,500 federal tax credit.