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Jun 13, 2024 · In the final hours of their spring legislative session, Illinois lawmakers approved a tax credit of up to about $300 for families with young children. The credit is available to Illinoisans with children under age 12 who qualify for the federal Earned Income Tax Credit, or EITC.
Jun 13, 2024 · Despite a cap on Houston’s property tax collections, these taxes have outpaced population growth and inflation, writes fellow John W. Diamond. This issue brief examines the rise in property tax revenues and proposes strategies for maintaining a sustainable city budget.
5 days ago · The Biden First-Time Homebuyer Act of 2021 is a bill that would provide a refundable tax credit of up to $15,000 for first-time home buyers. The proposed law seeks to revive and update a 2008...
Jun 14, 2024 · Starting in tax year 2025, the state’s child tax credit will double to over $600 for families with 3 children. In its first year, the program is expected to cost the state $50 million, with a cost of about $100 million in subsequent years.
- Capitol News Illinois
Jun 17, 2024 · Eligible taxpayers can receive a refundable credit of up to $1,600 per child under the additional child tax credit.
Jun 25, 2024 · A tax credit is an amount of money that you can subtract, dollar for dollar, from the income taxes you owe. Find out if tax credits can save you money.
Jun 25, 2024 · What are the benefits of going solar in Illinois? Which cities have better solar tax exemptions and rebates in Illinois? Should I buy or lease my solar panels? Learn about Solar Panel Pricing,...
