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House Republicans Unveil Plan For New Tax Breaks For College

The 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.

06/13/2013

Filling Out Forms

Plenty Of Changes For Tax Filers This Year

Experts recommend using some type of guidance to navigate forms and maximize your returns.

03/18/2013

Walter Jacobson

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?”.

CBS Chicago–04/12/2011

Film Reel

State Senator: Extend Tax Breaks For Film Industry

Some Illinois lawmakers want to make sure the film industry keeps coming back to Illinois, for the next decade, at least.

WBBM Newsradio–04/05/2011

(Peter Macdiarmid/ Getty Images)

Unclaimed College Tax Credits Reach $1 Billion In Illinois

The 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.

03/06/2011

Gas Saving Program

Tax Credit For Replacing Old Heat Equipment Due To Expire

Chicago 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.

11/18/2010