Despite mounting budget pressure, graduated income tax remains political longshot
Gov. JB Pritzker backs the idea in principle but says it’s not a 2026 priority.
Tag: income tax
Illinois residents can claim bigger state tax credit next year under new budget
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.
217 Today Podcast — Oct. 9, 2020
Apple Podcasts Spotify Podcasts Google Podcasts RSS Link Friday, October 9, 2020 Today’s headlines: Governor JB Pritzker is warning of painful budget cuts if the graduated income tax plan fails at the polls next month. In August, a tornado ripped through the Walnut Grove Vocational Farm in Kirkland. We get an update on how the farm is
News Around Illinois – March 26, 2020
Illinois Delays Income Tax Deadline As Virus Cases Climb CHICAGO — Illinois taxpayers will have until July 15 to file and pay their state income taxes because of the coronavirus pandemic. Gov. J.B. Pritzker announced the three-month delay Wednesday as officials reported an elderly resident has died at a suburban Chicago nursing home where dozens