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

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

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

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

This four-part series of articles is intended to provide a deep dive into the Illinois State Franchise Tax (the “Franchise Tax”) and should be read sequentially to be best understood.

A slew of new Illinois taxes and laws for 2025 went into effect overnight as the calendar turned to July 1. Many of the changes and new taxes mean some things in the state will wind up costing more, ...

Viral social media posts have claimed Illinois could “soon” impose a mileage tax of 30 cents per mile driven, but is that actually looming for motorists? The short answer to that question is no. The ...

If you have outstanding state tax debt in Illinois, you have until Nov. 17 to take advantage of an amnesty program allowing ...

(Bloomberg) -- Illinois Governor JB Pritzker said a proposal to tax billionaires’ assets and enact other levies to help fund the Chicago region’s transit system won’t advance in its current form. The ...