tax return

Illinois residents can claim bigger state tax credit next year under new budget

ByIllinois Public Radio

The 2025 spending plan to which the Illinois House gave final legislative approval last week includes funding for once again tying the standard exemption to inflation, meaning the exemption that individuals can claim for tax year 2024 will grow from $2,425 to $2,775.

A man with a white shirt and a baseball cap stands in front of a field.

217 Today: Solar farming is taking land once used to grow food. Researchers are looking for ways to do both

ByStephanie Mosqueda

Tuesday, June 4, 2024 Today’s headlines: A popular state tax credit used by millions of Illinoisans will be going up for the 2024 tax year. Illinois Governor J.B. Pritzker joined Massachusetts Governor Maura Healey for a press conference yesterday to express their support for the Right to Contraception Act. A Sangamon County judge heard arguments Monday…