Union dues, professional association membership fees, big-box store memberships, insurance premiums, business licenses, and trade subscriptions may be tax...

So if the state hotel tax is 7 percent, the local hotel tax is 5 percent and you’re also paying a state sales tax of 3 percent on the room, your total tax...

En español | No. To claim Social Security Disability Insurance (SSDI), you must meet medical requirements and have paid into the Social Security system an...

Even though a taxpayer may have moved to a new state, it’s possible to maintain tax-ties to the old one. In that case, the income is taxed to the former s...

Take responsibility. Offer a brief explanation, but do not make excuses. Acknowledge that your error had a negative impact on others, and be willing to re...

Taking money from your policy could increase your tax burden, and you risk leaving your family short on funds if you die. But if you’re in a financial bin...

An inheritance tax is imposed on someone who actually receives an inheritance. But there’s no federal or Illinois tax on inheritances. Illinoisans who inh...

If you chose state and local income taxes, your state refund is taxable. However, it’s only taxable to the extent that it’s more than the refund you would...

The application process is designed to facilitate tax payment, and the fact that the IRS does not share applicants’ private information with immigration e...

Capital gains are generally included in taxable income, but in most cases, are taxed at a lower rate. Short-term capital gains are taxed as ordinary incom...