Higher

Illinois Welcomes New Laws in July: Higher Minimum Wage, Paid Leave Expansion, and Gas Tax Increase

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Springfield, Ill. — Illinois residents can expect several key changes beginning July 1 as new state laws take effect, impacting everything from gasoline prices to workers’ pay and rights. These changes are set to make life a little different for many across the state, affecting motorists, employees, freelancers, and even child social media influencers. One of the standout adjustments will be at the gas pump. The state’s gasoline tax will see a slight increase from the current 45.4 cents per gallon to 47 cents, marking an uptick of over 3.5%. Diesel fuel taxes will also … Read more

Higher Court to Decide Fate of Controversial Chicago Ballot Referendum on Funding for the Unhoused

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Chicago, IL – The legal battle over a ballot referendum aimed at providing funding for the unhoused population is escalating as the case moves to a higher court. Last Friday, a circuit court judge declared the question unconstitutional, but the city is now seeking to overturn that ruling. The dispute centers around the Bring Chicago Home referendum, which has faced opposition from the Building Owners and Managers Association (BOMA). BOMA filed a lawsuit against the Chicago Board of Elections to remove the referendum from the ballot. The three-part referendum asks voters to consider increasing the … Read more

IRS Implements Positive Changes for Taxpayers: Wider Brackets and Higher Deductions Bring Relief

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Corpus Christi, Texas – The Internal Revenue Service (IRS) is unexpectedly bringing some good news for taxpayers filing their federal tax returns this year. Recognizing the recent surge in inflation, the IRS has made two significant changes that should benefit most taxpayers. Firstly, tax brackets have been expanded. Stacy Trevino, owner of Danny’s Income Tax Service, explained that tax brackets have been adjusted up by a record 7%. This adjustment means that individuals with a relatively stable income could find themselves in a lower tax bracket, resulting in a lower tax rate. Trevino emphasized, “If … Read more