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      September 21, 2018

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Tax Relief in Illinois

Illinois MapIllinois 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.


Releasing tax returns an issue again - in governor's races

It has emerged in some races as a campaign issue. In Illinois, where candidates traditionally release a return, Democrat J.B. Pritzker, a billionaire, did not release a full tax return. That inspired ...

Published:  Thu, 20 Sep 2018 06:13:00 GMT

Berg: Is this the most toxic tax in Illinois politics

There is one product that, for a century, has towered above all others as a symbol of choice, control and personal freedom in America: the automobile. There are more than 10 million registered vehicle...

Published:  Mon, 17 Sep 2018 08:48:00 GMT

Your taxes: Rauner vs. Pritzker's empty chair

Gov. Bruce Rauner scorns J.B. Pritzker's call for a progressive income tax in Illinois. Pritzker, running to oust Rauner, evidently thinks last year's 32 percent hike in the personal income tax rate d...

Published:  Fri, 14 Sep 2018 12:56:00 GMT

State Migration Increasingly Driven by Taxes

The only high-tax state that saw in-migration was Maine ... Connecticut, California, Illinois, Maryland, New Jersey, New York, North Dakota, Pennsylvania, and West Virginia.

Published:  Wed, 19 Sep 2018 21:15:00 GMT

House hunters: How high taxes hurt home investment in Illinois

Illinois' people problem is clear. The state is consistently in the red when it comes to domestic migration, which has led to population decline for four consecutive years. Clearly, Illinois has had a ...

Published:  Mon, 17 Sep 2018 17:54:00 GMT

AP FACT CHECK: Governor Candidate Wants to Test Mileage Tax

CHICAGO (AP) - Republican Gov. Bruce Rauner's campaign has hit the Illinois airwaves with a new claim that Democratic challenger J.B. Pritzker wants to tax drivers for the mileage they log by using a ...

Published:  Fri, 14 Sep 2018 10:58:00 GMT

Illinois Supreme Court set to rule on hospital tax-exemption law

SPRINGFIELD - Hospitals and taxing districts in Illinois have a lot riding on a state Supreme Court decision expected later this week. The court anticipates issuing its long-awaited opinion Thursday o...

Published:  Wed, 19 Sep 2018 05:21:00 GMT

Tax Refunds, Exemptions Recovered For Crestwood Residents

CRESTWOOD, IL - More than 1,000 property owners in the Village of Crestwood may be due property tax refunds from the Cook County Treasurer's Office, Mayor Lou Presta announced. Presta has issued ...

Published:  Wed, 19 Sep 2018 22:55:00 GMT

Fact-Check: Erika Harold ad misleads in attacking opponent over property taxes

See more at The statements: "Mike Madigan and Kwame Raoul team up to raise property taxes," PolitiFact's rating: Mostly false Complaining about corruption and high propert...

Published:  Mon, 17 Sep 2018 15:59:00 GMT

Scrap the Federal Gas Tax In Favor Of a Voluntary One

The VMT tax is already in use in Oregon on a voluntary basis for all vehicles and in Illinois for heavy trucks. A VMT tax could also serve as a more equitable solution that ensures EV drivers pay to m...

Published:  Tue, 18 Sep 2018 13:11:00 GMT

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