IRS Will Start Accepting 2020 Tax Returns Friday; Here's How To PrepareStarting Friday, the IRS will accept tax returns from 2020, and they say it's important you pick the right person to help you prepare your taxes.
Stimulus Check Update: How Much Money Will New Parents Receive?Parents of children born in 2020 are eligible for stimulus payments covering their dependents, if they meet the income requirements.
Mayor Lori Lightfoot Talks One-On-One About Budget Pain, Taxes, Fees, And COVID-19 ConcernsPlugging the city’s $1.2 billion budget hole is now in the hands of Chicago aldermen, and there are tough questions about it – including the prospect of new taxes aimed at you that will hit people who live and visit the city.
The Extended Tax Day Deadline Is Wednesday"An extension to file is not an extension to pay. So if you're in a situation where you owe taxes you're still going to need to estimate how much your tax payment needs to be and make that payment by July 15 order to avoid any penalties or interest."
eBay Charges Tax On Some Exempt Items In Illinois After New LawMany people turn to eBay for discounts and deals, but you may want to check twice before placing an order.
Illinois House OKs Tax Rates For Proposed Graduated ScaleDemocrats who control the Illinois House on Thursday approved tiered income-tax rates that would take effect if voters opt for revamping state taxation to hit higher incomes harder.
Spring Cleaning Your Finances With 'The Money Coach'With just one week left before April 15, "The Money Coach" Lynnette Khalfani-Coxit says it's the time to start thinking about spring cleaning your finances.
Pritzker 1 Of 5 Democratic Governors Heading To DC To Fight Tax OverhaulThe Democratic governors of New York, Connecticut, New Jersey, Oregon and Illinois are teaming up to fight a provision in the 2017 federal tax overhaul that they say is hurting their economies.
I Owe How Much? Americans Shocked By Impact Of New Tax LawThe nonpartisan Tax Policy Center projected the tax law would reduce individual income taxes by about $1,260 on average, although it benefits higher earners more.
Airbnb Brought $8.2 Million In Taxes To Chicago Last YearThe City of Chicago collected $8.2 million in tax revenue from local Airbnb hosts in 2018.
Prosecutors: Cohen Evaded Taxes, Hid Millions In Chicago IncomePresident Donald Trump's former attorney Michael Cohen illegally hid millions of dollars in income he received in a financial arrangement with a Chicago taxi cab operator, federal prosecutors said Friday.
A Look At Burke's Business Dealings, Including Work For President TrumpBurke stopped doing tax work for Trump in June citing "irreconciable differences." It is not known if Thursday's raid had anything to do with Burke's ties to the White House.
Chicago's Mayor Unveils His Eighth And Final BudgetBut Emanuel is also abandoning the 10 billion dollar pension borrowing he promised. That means the next mayor inherits a billion dollar worker pension bill with no plan to pay for it.
J.B. Pritzker Proposes Tax Hikes, Refuses To Reveal Entire Tax ProposalTaxes are one of the central issues in the campaign race for Illinois governor. Democratic nominee J.B. Pritzker admitted he wants to raise taxes on the wealthy, but says he will not reveal his entire tax proposal.
Illinois Proposal Could Lead To More Property Tax CutsA proposal could give more Illinois voters a chance to lower their property taxes.