Best Tax Relief in Illinois in 2019

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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.

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Tax Relief In The News

NJ tax on drugmakers could hurt patients who need pain relief | Letter

There a number of big challenges that our lawmakers are looking to tackle this year. From school funding to public transportation and the opioid epidemic, New Jersey lawmakers have their work cut out. ...

Published:  Wed, 24 Apr 2019 10:09:00 GMT

Sizing up proposed property tax relief plan ahead of debate

LINCOLN - It's prime time for property tax relief proposals. On Wednesday at 4 p.m., legions of lobbyists, as well as their clients, will get to testify at a public hearing on an ambitious plan that ...

Published:  Tue, 23 Apr 2019 22:47:00 GMT

The Oakland Raiders and tax relief in Las Vegas

The Review-Journal's April 20 editorial would have us believe that the Oakland Raider players are coming to Nevada for tax relief. The paper knows full well that these players are coming to Nevada ...

Published:  Tue, 23 Apr 2019 21:01:00 GMT

Lawmakers unveil more ambitious property tax relief proposal, raising sales tax ¾ of a cent

LINCOLN - State lawmakers upped the ante Wednesday, unveiling an even more ambitious property tax relief proposal amid another round of criticism from Gov. Pete Ricketts. The new tax plan, detailed by ...

Published:  Fri, 19 Apr 2019 06:19:00 GMT

Ricketts: Break the endless cycle of tax and spend

Worst of all, LB 289 proposes to take away $224 million in existing property tax relief and redirect it to increase spending. Right now, Nebraskans receive a credit from the state that provides ...

Published:  Wed, 24 Apr 2019 05:00:00 GMT

Commentary: Texans suffer if tax relief tools are allowed to expire

In the 1990s, Texas was not the state of economic opportunity that it is today. It was hard for Texas with such high property taxes to attract highly capitalized manufacturing companies and global ...

Published:  Tue, 23 Apr 2019 15:42:00 GMT

Ricketts gets early jab in at property tax relief plan on the eve of public hearing

LINCOLN - Gov. Pete Ricketts got in an early punch on Tuesday, jabbing a legislative proposal to reduce property taxes as "the largest tax increase in Nebraska's history." He is the first in an ...

Published:  Tue, 23 Apr 2019 17:22:00 GMT

Music venues could see tax relief via liquor rebate

AUSTIN - Texas music venues may soon see some tax relief depending on the success of a bill in the Texas legislature. House Bill 2806 filed by Rep. Geanie Morrison, R-Victoria, would create the Texas ...

Published:  Sun, 21 Apr 2019 17:23:00 GMT

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