Under the program, donors can receive a federal tax credit of up to $1,700. That’s a direct subtraction from your tax bill, not just a deduction from your taxable income.
Thinking of buying or selling a home in Illinois? From sky-high property taxes to confusing new commission rules, navigating the real estate market is tougher than ever.
The CPS budget proposal relies on hundreds of millions in fund sweeps to “balance.” Despite layoffs, CPS payrolls grew compared with last year and remain 8,250 higher than 2020 levels despite fewer students.
Chicago’s biggest music event brings in millions in revenue for the city, but tickets to the lakefront festival carry the amusement taxes and overnight visitors pay the nation’s highest hotel tax.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.