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 ...

CHICAGO (WLS) -- Illinois voters will notice three new advisory questions on the ballot this year. One question will examine potential income tax reform, which advocates say is needed to fix an ...

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The threshold for receiving a 1099-K is higher — but that doesn't mean you're off the hook if you don't get one.

Four main tax breaks were created with the passage of President Donald Trump's sweeping budget bill, from "no taxes on tips or overtime" to a deduction for filers 65 and older.

It comes as a surprise to some, but condominiums and other forms of community associations are entities that must file income tax returns. Even though community associations are “not-for-profit” ...