taxes

Mayor Rahm Emanuel discusses the shooting death of 11-year-old Shamiya Adams. (Credit: CBS)

Emanuel’s 2015 Budget Reportedly To Feature Increase In Parking Tax

The budget Mayor Emanuel will present to the City Council tomorrow will hold the line on some key taxes, but reportedly commuters will face another hike in the tax on parking, reports WBBM Political Editor Craig Dellimore.

10/14/2014

Pat Quinn, Bruce Rauner

Quinn, Rauner Trade Accusations On Taxes

Amid the festivities of Chicago’s Columbus Day Parade, the major party candidates for governor were discovering the usual ways to lob accusations at each other, reports WBBM Political Editor Craig Dellimore.

10/13/2014

(Credit: CBS)

BBB Issues Warning Over IRS Phone Scam

It’s one of the largest scams of its kind and victims are on the hook for more than a million dollars as con-artists pose as Internal Revenue Service agents.

10/08/2014

U.S. Senator Dick Durbin (Left) and State Senator Jim Oberweis (Right) (Credit: CBS)

Durbin, Oberweis Clash Over Gun Control, Taxes In Meeting WIth Tribune Editorial Board

Democratic U.S. Senator Dick Durbin and his Republican challenger Jim Oberweis verbally tangled over subjects ranging from gun violence and immigration to ethics in a meeting before the Tribune Editorial Board.

09/29/2014

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

Pat Quinn, Bruce 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

Photo Credit Thinkstock

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

Photo Credit Thinkstock

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

Photo Credit Thinkstock

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

Photo Credit Thinkstock

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

Photo Credit Thinkstock

Invest That Tax Refund In Yourself

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

03/25/2014

Photo Credit JIM WATSON/AFP/Getty Images

Tax Audit Red Flags To Be Aware Of

What may trigger an audit from your tax filing?

03/20/2014

Photo Credit Natalie Cass/Getty Images

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

(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

(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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