Category: Tax Alerts
Some credits and deductions are going, others are staying, and more than a few are still up in the air. We break down what you should know heading into tax season.
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.