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We have some timely tax tips from Dave Henderson of Duggan Bertsch.

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An organization that helps low-income Chicago area residents with free tax return preparation offers some important tips. View a map of tax prep centers.

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With tax season upon us, local tax expert David Henderson joins us to guide you through the process and alert you of any new deductions you may be eligible for.

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Billionaire Beanie Babies creator Ty Warner evades prison over his conviction of hiding money overseas. Paris Schutz explains why.

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Expect cigarettes, gambling, and bullets to cost more in Cook County, according to Board President Toni Preckwinkle's 2013 budget. She joins us to discuss plugging a $268 million deficit. 

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As the federal deficit climbs, Republicans and Democrats can agree on one thing: the federal tax code needs revamping. But how this gets done is up for grabs. What's the reality behind the rhetoric of closing loopholes and raising revenue? We examine the issue.

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The Illinois Senate passed a bill on Tuesday that would raise cigarette taxes by $1 a pack.

The Mayor of Kankakee Responds

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Nina Epstein. Image Credit: Kankakee Public Library

Kankakee’s Mayor strongly denies that her city is taking sales tax revenues that belong in Cook County. Elizabeth Brackett has the story.

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Image Credit: nmh.org

The Illinois Department of Revenue has denied property tax exemptions for three hospitals for not doing enough to justify their exemptions. Ash-har Quraishi tells us which hospitals are affected and what prompted the move.