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 ...

WGN Radio’s Tom Fortino from Alpha Wealth Group gives you the latest financial business news, financial planning advice, and more! This weekend Tom is the bearer of bad news: it is tax season ...

My wife is an executor to the will so might she be liable for any tax the charities have to pay? Estate planning expert Ian Dyall replies.

On February 6, 2025, the U.S. District Court of the Northern District of Illinois declined to issue a preliminary injunction ...

The Illinois Department of Revenue set Mason County's 2024 property assessment equalization factor at 1.0544 to ensure fair ...

Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

State and local governments earned more than $1.7 billion in tax revenue (excluding December sports wagering numbers) from Illinois’ 16 licensed casinos, about 8,700 video gaming terminals and 14 ...

Tax season is fast approaching, and you might be leaving money on the table. An Illinois tax professional said new tax code ...

Highlights Revenue of $3.9 billion, a decrease of 1.3% as organic growth declined 0.5%; Organic growth of 0.4% turned positive excluding Product Line Simplification (PLS) reduction ...

A new report from the state legislature’s Commission on Government Forecasting and Accountability shows how Illinois stacks ...

The Illinois Farm Bureau is continuing to advocate for changes to the estate tax, which applies to all estates valued over $4 million. An effort to raise the threshold to $6 million for family ...

(The Center Square) – An Illinois state legislator introduced a bill that would freeze local government property tax levies at the ... over 30% faster than the rate of inflation.