These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

A new study reveals that a low-income person’s ability to move up in society is worse in Illinois than in any other ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often, and the value of the deduction increases with the price of a home,” ...

The Beatles struck a chord in more ways than one with their 1966 song "Taxman." Its lyrics included the lines: Let me tell ...

Multiple counties want to leave, and Indiana says come on over.

The state began accepting tax returns Jan. 27, and eligible taxpayers can use a free direct file program this year, the Illinois Department of Revenue reported in a Jan. 15 press release. To be ...

The Trump administration is suing Chicago over what are known as sanctuary laws. The administration claims the nation’s third ...

With two of the state’s three major revenue sources limping along, Illinois is finding itself on a financial precipice as it faces the new budget year beginning July 1.

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A study commissioned by the Illinois Retail Merchants Association shows the retail industry has the largest impact on ...

United Way of the Great River Region will begin its 11th year offering the Volunteer Income Tax Assistance Program (VITA) as a service to the Tri-State community. United Way of ...

Gov. J.B. Pritzker recently signed an executive order to increase access to housing for middle-income families. While many of ...