Category: Tax Alerts

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Governor Pritzker has signed the FY22 State Budget into law with important corporate tax changes.

The Treasury Department and Internal Revenue Service announced on March 17, 2021 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

Key points as Illinois voters consider changing the state’s income tax from a flat rate to a graduated tax.

Americans regularly overpay because they fail to take tax deductions for which they are eligible. Here’s a look at the six most overlooked opportunities to manage your tax bill.