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Income Tax

A collection of news and information related to Income Tax published by this site and its partners.

Top Income Tax Articles

Displaying items 67-77
  • Illinois Republicans lay budget cards on the table

     
    Last week, the Illinois Senate Republican caucus released "Facing Fiscal Reality --A plan for reality-based budgeting," a 21-page document that dealt in some detail with the cuts and other changes GOP lawmakers feel are necessary to get the state's...
  • Think tank: 'More work needs to be done' on a state budget still billions in the red

     
    Highlights from the Center for Tax and Budget Accountability's Analysis of Proposed FY2012 (State of Illinois) budget (.pdf) released today. First, let's cut right to the conclusion: The increase in the state’s income tax rates (personal and...
  • Citing “revelations,” committee delays vote on Darden tax break

     
    A hearing on a bill that would give Darden Restaurants a tax break of up to $5 million per year was postponed Wednesday, after the sponsor asked for more time to address recent questions about the legislation. Rep. Chris Dorworth, R-Lake Mary, asked the...
  • Darden attempt at more tax breaks stall for now

     
    I s it just me or did today's story about a custom-made bill to allow Darden Restaurants — and only Darden Restaurants — to receive an additional $5 million in tax break raise some interesting questions? For one thing, the premise of this bill...
  • Combining travel with charity can earn you a big tax break

    Combining travel with charity can earn you a big tax break
    Want to take a meaningful summer vacation and save money at the same time? Consider a trip to help a favorite cause. Doing so can also net you a federal tax deduction to save hundreds, if not thousands, of dollars. That’s what Lacy Betton and...
  • Allentown, school district revenues will also fund arena

    Allentown, school district revenues will also fund arena
    Boosters of Allentown's proposed hockey arena complex have boasted how the state will foot the bill by coughing up a portion of locally generated state taxes. What they haven't been making noise about is this: The city and school district will help pay...
  • Finding caregiver tax deductions

    Finding caregiver tax deductions
    Q. Are there any tax deductions or credits that I would be eligible for due to caring for my husband who has Alzheimer's? Yes, there are. Consult your tax person for the details, but here are some guidelines. Deductible care-giving costs may include:...
  • Feds Charge Lancaster Man with Preparing False Income Tax Returns

    Feds Charge Lancaster Man with Preparing False Income Tax Returns
    A Federal Grand Jury has indicted a Lancaster man for willfully aiding and assisting other people in preparing false federal income tax returns over the past four years. 35 year old Leonard Destine owned and operated a tax return preparation business...
  • Deductions for Cars and Other Items You Own

    Deductions for Cars and Other Items You Own
    Familiarize yourself with what is and what is not deductible when it comes to the things you own. And, better yet, some purchases can win you tax credits, which are far more valuable than any deduction can be. A deduction lets you reduce the amount of...
  • Rick Caruso and the Galleria

    How does a developer who doesn't even live in this town get all the power in the world to change the landscape here? Is the City Council even awake? Rick Caruso forgot to mention the wonderful view that used to be visible from the Glendale Marketplace,...
  • Community Commentary: California asks for too much in taxes

    With Friday fast approaching, Californians know firsthand that we pay some of the highest tax rates in the nation. California wage-earners pay taxes on income, purchases, property, gasoline and much more. In fact, Californians pay much more in taxes...