Category Archives: Taxes
Chicago Taxpayers See Benefits of Filing Tax Return Early
Uncle Sam is extending your tax deadline – but you might prefer to say no thank-you, say Chicago bankruptcy lawyers. Because of a Washington D.C. holiday on April 15, the government is giving taxpayers until the following Monday – April 18 – to mail in our tax returns. But there’s no reason to wait until… Read More »
Rising Gas Prices Put Financial Burden on Struggling Consumers
It looks like taxpayers might already have a use for that extra money from President Obama’s payroll tax cut – filling up the gas tank. Legislators hoped that the tax cut – which gives many Americans the equivalent of a 2 percent raise by shaving the amount of paycheck withholdings for Social Security from 6.2… Read More »
Many Americans Will Struggle to Pay Taxes Amid This Year’s State Income Tax Hikes
Atlanta residents might not be looking forward to paying taxes on April 15. But hey, at least Georgians don’t have to worry about a state income tax increase like the ones in California and Illinois – and potentially a handful of other states with major budget gaps. That said, paying an ordinary tax bill is… Read More »
How Illinois Income Tax Hike Will Affect Chicago Residents
As if it isn’t hard enough to afford your federal income taxes come April, now Chicago residents have to worry about a state income tax hike as well. Illinois – like California and a handful of other states – is facing a major budget shortfall. To cover it, lawmakers agreed to raise the personal income… Read More »
How Maximizing Tax Cut Can Help Taxpayers Lower Debt
If you’re like most folks, you like to dream of all the things you could afford if you finally got that pay raise. But what if I told you that you’ve already gotten your raise – and you’re blowing it? Thanks to a tax bill signed by President Obama in December, the majority of Americans… Read More »