Did you know that not all taxpayers are required to file a federal income tax return? Determining if you have a filing requirement, like almost everything else tax-related, starts with evaluating your gross income for the year, your filing status, age, etc. Below are the updated filing requirements for the 2019 tax season. The threshold has been revised under the [...]
2018 Tax Changes – Some things You Need to Know! I bet on June 29th, 2018 when the new tax changes were released, you had your eyes glued to the computer, ready to read up on the latest changes! I know – No way. Well that’s cool. There were more changes than you think, here are some…. The IRS [...]
On August 12, 2016, Governer Rauner signed into law Public Act 99-0764, which will change the manner in which Illinois divorce courts calculate child support. The law was effective on July 1, 2017 and will modify two sections of the Illinois Marriage and Dissolution of Marriage Act ("The IMDMA"), specifically 750 ILCS 5/505 and 750 ILCS 5/510. Child support [...]
