TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Go To Reviews >

Tax Relief in Illinois

Illinois residents face some of the most difficult tax burdens in the nation, as the state legislature regularly threatens to raise taxes to cover its infamous budget shortfalls. This puts more pressure on the average Illinoisan who may already be struggling to meet his or her tax responsibilities, and who is unaware of the existence of tax relief strategies.

Illinois ranks 10th highest in the United States when considering federal income taxes paid: $12,737 is the average amount paid by Illinois residents, more than $1000 higher than the national average. Illinois' relatively low, flat-rate state income tax of 5% does little to offset the considerably high federal tax burden.

The state has also seen a decline of more than 11% in the median income of its population, which is now approximately $57,196. High unemployment rates, unexpected medical bills, and poor financial decisions have led to a growing number of Illinois residents who are delinquent in meeting their tax obligations. When faced with the choice of feeding their families - or keeping the lights on, the roof over their heads, or clothing on their backs - or setting aside money to pay their tax bills for the year, it is understandable that many choose to meet the more immediate needs rather than putting funds into savings for taxes.

Tax relief companies are often an effective solution to help people manage the stress of owing state and federal taxes and eliminate the possibility of having wages garnished or assets seized. Such tax relief experts work with their client's tax responsibilities and may even be able to help them reduce their overall tax debt. There are a number of tools available through the use of tax relief services, such as validation of tax debt, tax return review and amendment, and setting up payment plans for tax debt.

 

Go To Reviews >


Tax Relief In The News

The Ultra-Rich Are Finally Getting Relief From Their Estate-Tax Burden

Under siege and weary from their crushing financial burden, the nation's ultra-rich are finally getting the tax relief they so desperately need. We wish we could feel not only their pain but also the ...

Published:  Mon, 12 Nov 2018 21:28:00 GMT



Optima Tax Relief Bootstraps Their Way To 550 Employees And Growing

Opinions expressed by Forbes Contributors are their own. Entrepreneurs I write about how entrepreneurs raise capital and manage money. Share to facebook Share to twitter Share to linkedin As an agency ...

Published:  Wed, 31 Oct 2018 20:50:00 GMT



$13M property tax relief grants available for S. IL schools

MARION, IL (KFVS) - Applications for property tax relief grants to eligible school districts in Illinois are being accepted. According to Rep. Dave Severin (R-Benton) this property tax swap is intende...

Published:  Thu, 01 Nov 2018 07:56:00 GMT



Why San Francisco's big business tax for homeless relief succeeded after Seattle's crumbled

Two tech hubs, two crises of homelessness, two taxes on big business, two very different outcomes. San Francisco voters on Tuesday approved a new tax on the city's top-grossing companies to double the ...

Published:  Wed, 07 Nov 2018 08:29:00 GMT



UK tax relief reintroduced for acquired goodwill with 'strong connection' to IP

The UK government intends to re-introduce tax relief for acquired goodwill, but only to the extent that it has a 'strong connection' to intellectual property (IP) itself qualifying for relief, a consu...

Published:  Mon, 12 Nov 2018 02:41:00 GMT



What does the removal of lettings tax relief mean for landlords

From Slough to Leeds - best place to work in the UK revealed Is this the ugliest Grand Designs house ever Inside the brutal 'concrete bunker' 64 flats, 18 nations: Freezing UK tower block was cash co...

Published:  Thu, 08 Nov 2018 05:34:40 GMT




- View Full Site -