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.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
While the corporations and guys on Wall Street get big tax credits, CBS 2′s Walter Jacobson asks “When do we get a break?”.
Some Illinois lawmakers want to make sure the film industry keeps coming back to Illinois, for the next decade, at least.
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.
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.