In a move aimed at softening the economic impact of the novel coronavirus, Illinoisans will have an additional three months to file their state taxes. Gov. J.B. Pritzker made the announcement as the state reported it’s largest single-day jump in COVID-19 cases.
Taxes
Mar 25, 2020 |
Mar 18, 2020 |
The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic.
Feb 25, 2020 |
Supporters argue a new tax structure proposed by Gov. J.B. Pritzker will even the playing field between the wealthy and everyone else. But opponents say it could drive more residents and businesses out of Illinois.
Feb 19, 2020 |
With the acknowledgement that “our choices remain hard, our fiscal situation challenging,” Illinois Gov. J.B. Pritzker on Wednesday delivered his proposal for a $42 billion state spending plan for the coming fiscal year.
Jan 16, 2020 |
Come summer, people buying cannabis in Chicago will pay 6% in local pot taxes, in addition to the state tax on pot, which ranges from 10% to 25%, depending on the potency of the product being purchased.
Jan 8, 2020 |
A bipartisan task force was established last spring to tackle the issue of the state’s high property taxes. But that task force is now being attacked by Republicans, who say their ideas and contributions have been ignored. Is that the case?
Dec 26, 2019 |
With Christmas behind us, it’s beginning to look a lot like tax season. We get year-end tips from David Henderson, a CPA at the firm of Duggan Bertsch in Chicago.
Dec 12, 2019 |
Illinois’ income tax will hold steady in 2020 and despite warnings from Mayor Lori Lightfoot, Chicago’s new budget avoids a major property tax hike. But before you go on a holiday shopping spree, a word of caution.
Nov 29, 2019 |
Starting Jan. 1, parking meter rates will increase across Chicago, peaking at $7 per hour in the Loop. While the city doesn’t collect that revenue, Mayor Lori Lightfoot’s administration estimates it will save $7.9 million with the plan. Here’s how.
Nov 26, 2019 |
Taking an Uber or a Lyft, dining out, and parking at a metered spot will cost Chicagoans more come January, on account of the new city budget approved Tuesday by the City Council, following a nearly two-hour debate.
Nov 14, 2019 |
Chicago Mayor Lori Lightfoot failed to beat the odds in Springfield, with legislators on Thursday adjourning for the year without taking up a fix she says is needed before the city can move forward with a casino.
Nov 13, 2019 |
Mayor Lori Lightfoot on Wednesday alleged that ride-hailing giant Uber offered to pay off black ministers to the tune of $54 million if they would join a campaign to publicly oppose a $40 million ride-hailing tax proposal – a claim the company denies.
Nov 6, 2019 |
Is the mayor’s plan for a real estate transfer tax hike dead on arrival or could a new so-called win-win compromise supported by some Democratic lawmakers create a path forward?
Nov 4, 2019 |
If you rely on ride-hailing services such as Uber and Lyft to get around Chicago, your fare could soon be higher. How a fee hike could impact Chicagoans – and the city.
Oct 22, 2019 |
Cook County Assessor Fritz Kaegi has promised to fix a broken property tax system and end political patronage hiring. But a recent report found that the assessor’s office is not complying with a series of federal court orders. Kaegi joins us to discuss that and more.
Oct 10, 2019 |
Two years after Cook County implemented and hastily repealed a notorious tax on sugary drinks, Board President Toni Preckwinkle proposed a $6.18 billion budget that’s balanced.
