Taxes
The latest news, updates and information for tax season and beyond.
As of March 1, the national average refund amount was up 4.3% from last year at $3,213. A tax refund can be an effective way to prioritize saving money or simply to begin saving.
The caucus’ statement Monday was in stark contrast to Mayor Brandon Johnson’s defiant tone after Chicago voters rejected a referendum last week to combat homelessness.
Last minute tax season help
Whether you hire a professional or do it yourself, you need certain information and documentation to file your tax return.
Don’t ignore the bill. The agency offers short-term and long-term payment plan options for qualifying taxpayers.
If you still haven’t completed your return, you can either scramble to get it done by the deadline or file an extension.
It’s important to understand the major pros and cons when it comes to handling your taxes.
More News
Among other things, the 25-page analysis questions whether the tax would generate the millions of dollars Mayor Johnson is hoping for and whether there’s sufficient oversight to ensure the money goes for its intended purpose.
The ideas are expected to be part of a report issued within 30 days by a City Council panel overseeing Mayor Brandon Johnson’s search for new revenue.
Planning is key, experts say, and there are also a number of factors that could affect your taxes after retirement.
While being married or qualifying as the head of a household offers numerous tax benefits, single filers need not despair.
The federal agency announced last year that it would roll out Direct File in a limited number of states as a test run.
Executive Director Phyllis Cavallone-Jurek hopes to open more sites that offer free financial services like federal and state tax prep and helping students get financial aid.