Illinois voters soundly rejected a progressive state income tax because it was a path to tax retirees. That isn’t stopping ...

Effective January 1, 2025, Illinois’ Public Act 103-592 changed how the state taxes operating leases. Prior to this change, Illinois did not ...

Illinois taxpayers may maximize the impact of their charitable giving with the Illinois Gives Tax Credit program, which offers 25% state income tax credits to contributions to qualified endowments of ...

Illinois state lawmakers are severing new federal business tax cuts. Their quest to keep more cash will cost the state in ...

Let's face it – paying taxes is a drag. Especially since it's something of a never-ending process, federally required year after year. But did you know that not all states tax retirement income? And ...

Tax bills recently passed in Missouri and neighboring Illinois underscore the contrasting approaches that red and blue states ...

Most states offer at least one tax break to retirees but some exempt multiple forms of retirement income and eight states ...

As part of a $55.2 billion state budget package full of tax hikes, Illinois lawmakers passed a new tax on online sports wagering. Under the guise of filling a roughly $1 billion shortfall, the move ...

Thousands of Illinois taxpayers may be owed tax refunds on unclaimed returns, but a key deadline will soon pass, the IRS says. According to the IRS, an estimated $1 billion in unclaimed refunds from ...

Illinois is one of several states choosing to decouple from the federal tax code. See what tax benefits are being excluded.

Cook County Treasurer Maria Pappas writes about property tax exemptions benefiting veterans, with details and information on how to apply.