A Republican lawmaker in Illinois is advocating for the elimination of taxes on tips for service workers. Illinois has decoupled from certain federal tax policies, resulting in the continued taxation of service workers' tips despite federal approval for no tax on them.
ILLINOIS (WTVO) — According to a new report, Illinois residents pay 10% of their annual income to state and local taxes. The analysis, by WalletHub, found that income, property, sales, and excise taxes combined cost each Illinois taxpayer 10.2% of their annual pay. The study found that property taxes counted…
SPRINGFIELD, Ill. (WTVO) — In an effort to combat population loss attributed to the state having the second-highest property taxes in the United States, an Illinois legislator has introduced a bill that would eliminate property taxes for those who have owned a home for 30 years. According to the U.S.…