Giving almost no time for public review, Illinois Democrats pushed through a $55.2 billion budget for next fiscal year late ...

Illinois Democrats pushed through a $55.2 billion budget for next fiscal year late Saturday, bolstering coffers with new ...

In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate ...

A new problem is beginning to emerge that will surprise many homeowners when they sell their primary residences ...

White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.

Legislation moving through Congress includes significant breaks for the affluent as the House rebuffs President Donald ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

When you get a bonus — or other supplemental wages, such as severance pay, commissions, etc. — your employer must withhold ...

The House bill would increase the child tax credit to $2,500 per eligible child from 2025 through 2028, among other changes.

The budget bill does not expand a tax provision that exempts student loan forgiveness received from income taxes in most ...

WASHINGTON — The Federal Reserve kept its key interest rate unchanged Wednesday ... created by Trump’s sweeping tariffs. The import taxes could both lift inflation by making imported parts ...