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 ...

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 ...

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

The deadline for individuals to file their 2024 federal and state income tax returns is Tuesday. Extensions are available for those unable to file on time.

The state tax form starts with the adjusted gross income calculated on the federal return and grants filers the same standard deduction. The approximately 10% of taxpayers who itemize deductions are ...

In its simplest form, the tax maneuver works like this: When a Medicaid patient goes to the hospital, the federal government and state usually share the costs.