Personal Finance
WBEZ and the Chicago Sun-Times are gathering your questions about all things money, and this week an Edgewater resident wants to know how to pick a financial adviser.
President Donald Trump struggles with blowback from his trade policies as businesses and consumers brace for the impacts.
The last bear market happened in 2022, but this decline feels more like the sudden, turbulent bear market of 2020.
Taxpayers can face penalties from the IRS and the state of Illinois if they file their tax return late or fail to pay any taxes owed. And the late filing penalties are harsher than the late payment penalties.
Tax refund loans provide fast cash while you wait for the rest of your refund, but tax preparation costs can outweigh the benefits.
If something doesn’t add up or match — whether intentionally or by accident — you run the risk of getting audited, experts say.
Illinois is one of 25 states participating in the Direct File program, but a number of senators say the program is too pricey and should be axed.
E-filing has made it easier to send your income tax to the IRS and for thieves to target you. Here’s how you can be safer and what to do if you’re a victim.
Watch out for promises that seem too good to be true, and consult the IRS website or tax professionals when you need help.
The child tax credit and an expanded earned income tax credit is expected to put more money back into filers’ wallets.
The rules are strict around who is eligible to deduct a home office, and calculating the deductions can be complicated.
The IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially when making major purchases or paying bills.
Qualified seniors can receive help with tax preparation and e-filing at more than 20 locations throughout the Chicago area.
Whether it’s a summer job or a full-time position, some students may have to file an income tax return — and it could give them a refund.