Tax Deductions

Last-Minute Tips To Lighten Your Tax Bill For 2014With less than two days until 2015, there are still a couple ways you could maximize your deductions, and ease your income tax bill for 2014.
A Simplified Tax Option For Home OfficesThis tax season holds good news for millions of self-employed people who work from home: Home office deductions, which used to require a litany of calculations and the completion of a 43-line form, have at last been simplified.
5 Tax-Deductible Items You May Have MissedWho doesn't want to save a little (or a lot of) extra money at tax time? Claiming all the deductions for which you are eligible can significantly reduce your tax bill.
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.
Illinois GOP Pushing $500M Jobs PackageIllinois Republicans have filed a measure they say will create tens of thousands of jobs. They think it’s something Democrats can get behind as well.