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Tax Deductions

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A Simplified Tax Option For Home Offices

This 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.

03/13/2014

Money Roll

5 Tax-Deductible Items You May Have Missed

Who 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.

03/03/2014

(Credit: Thinkstock)

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

Illinois State Capitol

Illinois GOP Pushing $500M Jobs Package

Illinois 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.

WBBM Newsradio–09/19/2011