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Even before Chicago Mayor Brandon Johnson proposed a $300 million property tax increase to close a nearly $1 billion city budget deficit, property taxes have been a hot-button issue in neighborhoods like Pilsen. Homeowners there said they're still playing catch-up after paying their bigger tax bills from the last two years. Now, they're bracing for potentially further impact.
Even before Chicago Mayor Brandon Johnson proposed a $300 million property tax increase to close a nearly $1 billion city budget deficit, property taxes have been a hot-button issue in neighborhoods like Pilsen.
Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.
Mark Steber, chief tax information officer at Jackson Hewitt, discusses how to perform the mid-year check and why it’s easier to make changes now than in December.
Project 2025, a blueprint for the next Republican president, proposes major economic changes that could impact millions of Americans.
The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois gas seven years ago.
From new protections for young social media stars to driver's licenses for undocumented immigrants, these laws will go into effect on July 1.
In 2023 south suburban property taxes are up just shy of 20% on average, setting a new record. In two towns, Dixmoor and Phoenix, tax bills have more than doubled.
Illinois House lawmakers approved the fiscal year 2025 spending plan, which is said to be the largest in the state's history. The elimination of the 1% grocery tax may make a trip to the store more affordable, but it could also leave some local governments with a major hole in their budgets.
Illinois House lawmakers approved the fiscal year 2025 spending plan, which is said to be the largest in the state's history. The $53 billion budget was approved with a 65 to 45 vote in the early morning hours after the state Senate passed it on over the weekend. The more than 3,000-page spending plan now heads to Gov. JB Pritzker's desk for his signature.
An IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses twice--in 2008 and then again in 2010.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
A minority of voters have decided on multiple property tax-related referendums in recent elections, according to a study by Cook County Treasurer Maria Pappas.
It includes tax breaks for families, higher taxes on the wealthy and corporations, and lower deficits. Under the plan, parents would get an increase in the child tax credit and access to affordable child care.
Cook County Circuit Court Judge Kathleen Burke ruled the controversial Bring Chicago Home ballot referendum is invalid.
There's a saying that there are two sure things in life: death and taxes. Taxes were even more painful for a suburban woman whose fight over her 2020 return wages on.
There's a saying that there are two sure things in life: death and taxes. Taxes were even more painful for a suburban woman whose fight over her 2020 return wages on. She's an accountant and hired a tax professional, but she still got stuck in a messy battle.
They said con-artist will try to "take your money, but your personal identity information, and peace of mind."
She's accused of failing to pay 14.5 million Euros in Spanish income tax from 2012 to 2014. That amount translates to more than $15 million.
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
The increases come after a suspension of taxes to help residents deal with rising inflation.
Two common expenses for people living in Illinois are going to cost consumers more starting July 1, this Saturday.
The report was created by the Action Center on Race and the Economy - along with the People's Unity Platform.
Chicago taxpayers can swing by their office from 9 a.m. to 4 p.m. to talk to experts about any problems or concerns.
Cook Cook State's Attorney Kim Foxx sat down with CBS News Chicago to reflect on her legacy after eight years in office.
The lights were dark when CBS News Chicago visited Thursday night—and it was the second time this week.
Craig Smith and Nick Foligno also scored as the 'Hawks stopped a three-game slide.
Organizer Covenant House Illinois offers young adults experiencing homelessness a path to independence by providing needed resources.
One man suffered multiple gunshot wounds and was rushed to an area hospital for treatment, police said.
Cook Cook State's Attorney Kim Foxx sat down with CBS News Chicago to reflect on her legacy after eight years in office.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
The reopened Pilsen facility is one of three that Mayor Brandon Johnson promised would reopen by the end of the year.
Anthony Finch has filed suit against the village and Mayor Derrick Burgess for wrongful termination. Now, four trustees want to bring Finch back to the village—but this time working as an auditor.
Judicial regulators have filed a complaint against a former Wisconsin Supreme Court justice who spread election conspiracy theories and was hired by Republicans to lead an investigation into President-elect Donald Trump's loss in the 2020 election, accusing him of violating multiple rules of conduct.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
Robin McElroy said she loves everything about her Morgan Park home—except for the panic-inducing surprises she has been getting in the mail about her supposedly unpaid taxes.
Scammers often get financial information and personal details, or lure in veterans with videos that claim they can win lots of money,
It's the season of giving, but if you're not careful with finances, you could be getting a hefty bill at the end of the holiday season.
Little Penelope Lo Destro's parents were about to start their family when there was a terrible diagnosis.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
An attorney representing a conservative prosecutor struggled Monday to convince Wisconsin's liberal-leaning Supreme Court to reactivate the state's 175-year-old abortion ban.
Owner Ricky Burns made a big dream come true in the tiny space on Western Avenue in West Ridge.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
The nonprofit Far South Community Development Corporation is working to create everlasting change—and has a vision specifically for the commercial corridor at 115th and Halsted streets.
Wonder Group, a New York-based food ordering company that touts "fast fine" dining, is set to be Grubhub's new owner.
Foxtrot will be pouring free drip coffee between 6 a.m. and 10 a.m. at the Fulton Market location to celebrate the reopening.
Ravyn Lenae, a rising R&B star from the South Side of Chicago, is among the artists announced Wednesday for the popular California desert music festival.
Speaking to American Theatre in 2018, Vire said he arrived in Chicago as a "lapsed actor," and fell into theatre criticism "through the back door."
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
The IBA also gave out the Silver Dome Awards at its luncheon Wednesday.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
Chief Meteorologist Albert Ramon has your 10 p.m. First Alert Weather forecast for Thursday, Nov. 21, 2024.
The youngster joined Santa at 900 North Michigan Shops to light the 54-foot-tall tree.
The lights were dark when CBS News Chicago visited Thursday night—and it was the second time this week. As Jermont Terry reports, neighbors in Woodlawn say this has been a problem for months on end.
Set to move on after two terms, Foxx is proud of her personal and professional journey—with no regrets as she plans to step away from public life for a while. She spoke with Dorothy Tucker.
Covenant House Illinois offers young adults experiencing homelessness a path to independence by providing needed resources. Darius Johnson reports.
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights.
The lights were dark when CBS News Chicago visited Thursday night—and it was the second time this week.
Cook Cook State's Attorney Kim Foxx sat down with CBS News Chicago to reflect on her legacy after eight years in office.
Craig Smith and Nick Foligno also scored as the 'Hawks stopped a three-game slide.
Organizer Covenant House Illinois offers young adults experiencing homelessness a path to independence by providing needed resources.
Cook Cook State's Attorney Kim Foxx sat down with CBS News Chicago to reflect on her legacy after eight years in office.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
The police department has spent $22.6 million in overtime this year for officers working special events — only about $2 million of which has been reimbursed to the city.
Indiana is ranked among the states with the weakest gun safety laws, in part because it does not have a law that requires safely storing firearms.
Craig Smith and Nick Foligno also scored as the 'Hawks stopped a three-game slide.
The Bears' defense hopes to make life miserable for Minnesota QB Sam Darnold this coming Sunday.
Will Riley led Illinois (3-1) with 18 points and nine rebounds while Kylan Boswell added 17 and Kasparas Jakucionis had 15.
Zach Lavine scored 27 points to lead Chicago. Torrey Craig added 15, while Nikola Vucevic and Coby White had 14 each.
Morgan went 3-0 with a 1.93 ERA in 32 appearances last season for the AL Central champion Guardians.
One man suffered multiple gunshot wounds and was rushed to an area hospital for treatment, police said.
The woman was taken to Advocate Christ Medical Center in Oak Lawn in critical condition.
Don Archer helped police catch the thief in less than 24 hours.
When the girl woke up, the man fled the scene on a rental bicycle, according to police.
Alicia Robles said didn't initially feel the pain because she was still absorbing the situation—and then seconds later, her skin, she said, was on fire.
