On behalf of The Law Offices of William J. Seitz, LLC. | Oct 23, 2020 | tax law
Illinois residents like you have paid taxes for years. Sometimes, it can feel like a constant battle between you and the IRS to get the most money back or pay as few taxes as possible. While avoiding behaviors are not criminal and are in fact perfectly legal, this is...
On behalf of The Law Offices of William J. Seitz, LLC. | Oct 23, 2020 | property tax appeals, tax law
Feeling as though you pay too much on your property tax is something that other Chicago residents can relate to. If your tax bill seems too high for your locality, you may want to further investigate it. Property taxes can fluctuate. If your taxes increase but you...
On behalf of The Law Offices of William J. Seitz, LLC. | Oct 5, 2020 | tax law
Illinois property taxes may feel crushing when it comes time to pay. Regardless of how you have saved to pay them, they may escalate suddenly, leaving you strapped. Is there any type of relief? You may qualify for a property tax break or exemption for a few reasons....
On behalf of The Law Offices of William J. Seitz, LLC. | Sep 22, 2020 | tax law
If you are one of the many people who itemize your deductions when preparing and filing your personal Illinois income tax return, there may be many potential opportunities for items you can add as deductions. In some situations, you may qualify to receive a credit on...
On behalf of The Law Offices of William J. Seitz, LLC. | Aug 24, 2020 | tax law
If real estate owners’ property taxes seem high, they may want to search for issues with the assessment made by the County Assessor’s office. One factor that may bring down the amount of property tax is the incentive for solar energy systems. According to...
On behalf of The Law Offices of William J. Seitz, LLC. | Aug 11, 2020 | tax law
Residents across the United States know that taxes are part and parcel of today’s world. The income generated through taxation may often fund important infrastructure efforts and programs. However, it is important that taxes be fairly assessed and understood by...
On behalf of The Law Offices of William J. Seitz, LLC. | Jul 22, 2020 | tax law
In the state of Illinois, there is no single set rate for property tax. This means that the tax on your property depends on the equalized assessed value of that property as well as the amount of money that your local district determines is necessary for its operation....
On behalf of The Law Offices of William J. Seitz, LLC. | Jun 9, 2020 | tax law
Illinois residents like you pay taxes on many things. It is important to understand where your money is going. Consumer tax is one of the biggest daily taxes you will deal with. These taxes come from different places. Knowing where your tax dollars go in consumer laws...
On behalf of The Law Offices of William J. Seitz, LLC. | Jun 8, 2020 | property tax appeals, tax law
Owners of commercial property in the Chicago area have a lot to think of when it comes to their bottom line, and one financial aspect of owning a business is property taxes. It is essential that property taxes are paid on time to avoid late payment penalties, which...
On behalf of The Law Offices of William J. Seitz, LLC. | May 22, 2020 | tax law
Taxes play a big role in take-home pay. Because of this, the federal government taxes individuals based on various income brackets. Illinois has made the recent proposal to get on board with this. One of the big, supporting arguments for graduated income tax is that...
