Illinois’ latest tax scheme, a 4.95% “wealth tax” on unrealized gains for billionaires, risks violating the state ...

The Governor's Office of Management and Budget projected last month that Illinois is on track to run a $267 million deficit ...

Illinois Democrats are hoping to generate about $300 million a year with a last-minute proposal to tax the unrealized gains ...

A state-level move to tax the extremely wealthy on unrealized gains would open a Pandora's Box of legal and logistical issues ...

Illinois Governor JB Pritzker said a proposal to tax billionaires’ assets and enact other levies to help fund the Chicago ...

When my father started our CPA firm in 1971, he built it on relationships and a simple belief: Small businesses are the ...

CHICAGO (WLS) -- Illinoisans voted on changing the state constitution to move from a flat tax to a graduated income tax, where the wealthy pay more, Tuesday, and Republicans claimed victory. As of ...

Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the ...

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The Illinois corporate tax rate applies to certain businesses operating in the state and consists of a flat income tax rate and a separate personal property replacement tax. As of 2025, the corporate ...

SPRINGFIELD, Ill. (WLS) -- Keep an eye on your mailboxes and bank accounts: you might get a tax rebate from the state of Illinois soon. About 6 million Illinois taxpayers will start to receive income ...