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CJBS

Individual Extension Payments for Illinois

Dear Clients and Friends,   We hope you are enjoying the beginning of spring. As we get closer to our individual tax deadline (4/18/23), we wanted to send a reminder about Illinois Extensions Payments. Illinois does not allow third party tax software to process extension payments electronically.  If you have a balance due with your extension we […]
April 6, 2023
2 MIN READ
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CJBS

A Guide to Taxes in Retirement

According to the Pew Research Center, 50.3% of US adults aged 55 and older are now retired—partly as a result of labor force shifts related to Covid-19. This means a lot of people are facing changes in their tax obligations. So, what do you need to know?  Of course, the biggest change in retirement is […]
June 2, 2022
3 MIN READ
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CJBS

Making the Most of Your Charitable Giving  

We are often asked about optimizing charitable tax deductions, including whether you can take charitable donations without itemizing. There are many strategies available to decrease your tax burden through making donations, including some new (temporary) opportunities provided by the CARES Act.   18 months ago, we shared ways you could maximize your support for non-profit organizations […]
May 12, 2022
3 MIN READ
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CJBS

January News To Know

IRS Issues New Rates for 2022  There have been many cost of living rate changes by the IRS to account for inflation.  The following are just a few (a more complete list to follow): For those using an automobile for business, charitable, medical or moving expenses this year, the IRS has issued the following new […]
January 6, 2022
3 MIN READ
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