New taxes on the wealthy, such as a city income or payroll tax, would likely need changes to state or federal laws.

President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local ...

In this economy, losing a job is especially rough, and if you’re one of the many people laid off this year or collecting ...

The average fee for preparing Form 1040 with Schedule A to itemize personal deductions, and a state income tax return, was a flat fee of $323. The average fee for Form 1040 with the standard deduction ...

Illinois hospitals warn of closures and service cuts as Trump’s Medicaid law slashes billions in federal funding.

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...

The latest Yardi Matrix affordable housing report untangles the complex capital stack of such properties and explores its components.

You do not need to list unemployment benefits on state tax forms because they will be accounted for in your federal adjusted gross income. What to do if you already filed ...

An obscure 2015 tweak to an old law allows international tobacco firms to get a refund, called a drawback, of the $1.01 a pack federal excise tax when they import cigarettes into the U.S. as long ...

Taxpayers won’t have many complaints about the retroactive tax cuts that took effect this week, but the retroactive tax hikes ...

Complying with the annual gift tax limit can save you time and money when you are giving to family, friends and others.