Decoding Illinois’ Major Sales Tax Exemptions While all sales of tangible personal property are presumed taxable, Illinois law does offer various exemptions. Here’s a rundown of the state’s major sales tax exemptions.

How the Inflation Reduction Act Impacts Your Climate-Conscious Clients The Inflation Reduction Act of 2022 includes significant climate-related provisions that may impact some of your tax clients. Before heading into your next busy season, here’s what you need to know.

Donating an Andy Warhol? What to Know When Seeking a Charitable Tax Deduction Gifting appreciated artwork, other collectibles can provide donors with significant tax deductions—but they should brush up on the rules first.