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taxes

Tax-Related Identity Theft: The Importance Of Protecting Your Social Security Number

With your social security number, criminals can open accounts in your name, potentially leaving you stuck with fraudulent charges.

09/08/2014

quinn Rauner

Quinn, Rauner Disagree On How To Raise Minimum Wage In Illinois

CBS 2 Chief Correspondent Jay Levine was at a candidates’ forum sponsored by the Metropolitan Planning Council.

08/28/2014

Photo Of Walgreen Sign. (Tim Boyle/Getty Images)

Walgreen Co. Won’t Move HQ Overseas To Reduce Taxes

The nation’s largest drugstore chain said early Wednesday that as previously planned, it will buy the remaining stake in Alliance Boots that it does not already own, but it will not pull off an inversion with the Swiss health and beauty retailer.

08/06/2014

Senator Dick Durbin speaking at the Wheatland Tube Company on the Southwest Side. (Credit: Craig Dellimore)

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.

06/23/2014

Stack of cash (CBS)

Illinois Gets One Of Worst Returns On Taxes Paid

When it comes to getting a good return on taxes paid to the federal government, Illinois isn’t getting a very good deal, according to government statistics.

05/12/2014

Chicago Teachers Union president Karen Lewis speaks about education reform at a City Club of Chicago luncheon. (Credit: CBS)

CTU Head Karen Lewis Calls For Tax On Stock, Futures Transactions To Pay Pensions

The head of the Chicago Teachers Union is touting a tax on stock trades and other transactions to help close a pension gap without cutting benefits for retired teachers.

05/05/2014

Photo Credit: NICHOLAS KAMM/AFP/Getty Images

Can’t Pay Your Taxes? Here’s What You Can Do

In a turbulent economy with constantly changing rules it’s no surprise that the bill from Uncle Sam can sneak up on some of us. Here are some tips to make sure you emerge (mostly) unscathed this April 15.

04/14/2014

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7 Deductions That Lower Your Taxable Income

Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.

04/09/2014

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What Procrastinators Need To Know About Filing Their Taxes

According to the IRS, 20 to 25 percent of Americans wait until the last two weeks before the deadline to file their taxes. If tax time snuck up on you this year, here are a few tips to help you file.

04/07/2014

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Get Your Taxes In Order Now For Next Year

Get a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs.

04/02/2014

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What Tax Related Papers Can You Toss Out?

Most of us fall into one of three categories; we keep too much of the paper that comes into our homes or there those that try to throw out everything. And of course those that fall in between.

03/27/2014

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Invest That Tax Refund In Yourself

What is your largest asset? It’s your ability to earn a living!

03/25/2014

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Tax Audit Red Flags To Be Aware Of

What may trigger an audit from your tax filing?

03/20/2014

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Tax Education Credits And Deductions

College can be is very expensive, luckily Congress and the IRS have given us ways to offset education costs.

03/18/2014

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Advice For Successfully Getting A Small Business Loan

Even during challenging times, a small business with a sound strategy can obtain a loan.

03/17/2014

(Photo credit: Thinkstock)

Advice For Successfully Getting A Small Business Loan

Even during challenging times, a small business with a sound strategy can obtain a loan.

03/17/2014

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Buyer’s Guide: What To Look For In A New Digital Camera

When it comes to cameras, there is a wide array from which to choose. Consider these factors before making your next camera purchase.

03/17/2014

(Photo credit: Thinkstock)

Buyer’s Guide: What To Look For In A New Digital Camera

When it comes to cameras, there is a wide array from which to choose. Consider these factors before making your next camera purchase.

03/17/2014

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Should You Itemize Your Taxes This Year?

Should you take the time to fill out the long 1040? It really depends. To find out whether you should itemize you will need to do some homework.

03/15/2014

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What’s On Your Tax Return?

Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the short 1040EZ.

03/14/2014

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