The deduction for state and local taxes will increase to $40,000 from $10,000, which could mean significant savings on federal income taxes for 2025. Illinois, which has among the highest property taxes in the nation, was one of the states hardest hit when the SALT deduction was capped at $10,000 in 2017.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
A gift to poorly managed, high tax Blue States.
Shame. A word alien to Illinois Political animals.
Thank you Springfield.