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USA: Illinois Tax - what's new?

With the US tax filing season already upon us, there are many changes that Illinois tax filers may want to keep in mind.  [Read More]

US Tax Reform: Itemised Deductions

Tax reform has arrived with some changes that could have a big impact on your bottom line.  Itemised deductions have changed drastically and with all of the new limitations and eliminations and with the standard deduction increasing to $24,000 for married individuals and $12,000 for all other taxpayers, it will become harder to meet the itemised deductions threshold than ever before.

 

Sam Masri at MichaelSilver in Illinois has summarised some things that people may want to keep in mind for their tax returns beginning after 31 December 2017 and before 1 January 2026.  [Read More]

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