Haven't filed your taxes yet? Here's how to get a bigger refund under new law

Many Americans could see changes to their tax refunds this year due to updates in the One Big Beautiful Bill Act (OBBB)—here’s what to know.

Shoppers line up in Lincoln Park for Canada Goose spring sample sale
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A Canada Goose sample sale at North and Halsted is drawing a huge crowd, with shoppers bundling up and waiting in a line that at one point stretched two blocks. The popular winter coats are deeply discounted, and the turnout shows just how eager people are to grab a deal.

No tax on tips and overtime - IRS publishes instructions for claiming deductions

The IRS has published filing instructions for the new Schedule 1-A and Form 1040 instructions for taxpayers to claim no tax on tips, overtime, and other deductions.

These states rank among the places with the highest tax rates, data suggests

Tax rates vary significantly by location, and residents in certain states are finding themselves facing a much higher tax burden than those in neighboring states.

Chicago's credit rating downgraded | The Chicago Report
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Prominent credit ratings agencies just dinged Chicago's credit rating down to triple B+, which means taxpayers will foot the bill for higher borrowing costs. 

higher borrowing costs after credit downgrades | ChicagoLIVE
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Budget disputes between Mayor Brandon Johnson and the City Council contributed to credit downgrades from Fitch and Kroll, signaling rising interest rates on municipal borrowing.

Here's where to find free tax help in Chicago
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Need to do your taxes? Ladder Up is providing free tax services across Chicago and the suburbs. 

Trump announces 401k match of up to $1,000 for those without employer contribution

During Tuesday's State of the Union address, Trump announced a plan to give workers without employer retirement plans a 401k match up to $1,000. Here’s what to know.

Mortgage rates fall to lowest level since 2022

Mortgage rates fell this week to their lowest level since September 2022, with the average 30-year fixed rate dropping to 6.01% from 6.09% last week, according to Freddie Mac.

How to avoid tax scams this filing season

As tax filing season begins, scammers are ramping up efforts to steal money and personal information from taxpayers.

Tariff refunds: Who's getting them and when will they be issued?

The Supreme Court ruling that struck down most of President Trump’s tariffs has left unanswered questions: Will the money already collected by the government be refunded? And if so, who’s getting their money back?

Deadliest jobs in America revealed

More than 5,000 work-related deaths were recorded in the U.S. in 2024.

Trump enacts 10% global tariffs in response to Supreme Court decision

President Donald Trump used another law — Section 232 of the 1962 Trade Expansion Act — to slap 10% sectoral tariffs on steel and aluminum, cars, copper, lumber and products like kitchen cabinets worldwide.

Supreme Court rules Trump's tariffs violated federal law

On Friday, the Supreme Court struck down President Donald Trump’s global tariffs, handing Trump a major loss on an issue important to his economic agenda.