The Illinois tax holiday comparison shows major differences across nearby states in 2026. Illinois offers a 10-day state-rate reduction, Iowa provides a two-day clothing exemption, and Missouri removes state and local tax from qualifying school purchases for three days. Illinois offers the longest nearby holiday

Illinois tax holiday savings depend on how much a family spends on qualifying products from August 7-16, 2026. The state rate falls by five percentage points, producing savings of $5 per $100. Clothing and footwear must cost under $125 per item, while eligible school supplies have no price cap. Families save $5 for every $100 For the full schedule, reduced tax rate and shopping rules, read our

The Illinois tax holiday eligible-items checklist explains what receives the reduced state tax rate from August 7-16, 2026. Clothing and footwear must cost under $125 per item, while qualifying student school supplies have no price cap. Computers and textbooks remain excluded. Reduced rate applies only to listed products

The 2026 back-to-school tax holidays begin in July and continue through August across 17 states and Puerto Rico. This guide compares dates, clothing and school-supply limits, computer exemptions, local-tax rules and key differences shoppers should check before purchasing. July holidays start the 2026 season

The Illinois tax holiday 2026 runs from Aug. 7 through Aug. 16, reducing the state sales tax portion by five percentage points on qualifying clothing, footwear and school supplies. Apparel and shoes must cost under $125 per item, while eligible student supplies have no price cap. Illinois tax holiday begins August 7

The government says the Income Tax e-filing portal can manage the July 31 rush after infrastructure upgrades, although occasional delays may occur during peak traffic. ITR Filing Rush Intensifies Before July 31 The Income Tax Department’s e-filing portal is seeing rapidly rising traffic as the July 31, 2026 deadline approaches for many salaried employees, pensioners and individuals filing ITR-1 or ITR-2 for Assessment Year 2026-27. The g

This guide explains NRE, NRO and FCNR accounts in plain English, compares tax and repatriation rules, shows where overseas and Indian income should go, and gives realistic account combinations for salaried NRIs, landlords, investors and families. Last reviewed: July 18, 2026 The first banking question most new NRIs ask sounds simple: “Which Indian account should I use now?”

China’s fiscal system is under growing pressure as land sales weaken, property activity remains subdued and government spending continues to exceed revenue. Official figures suggest a deeper shift in how Beijing and local authorities fund services and infrastructure. Land slump cuts a major funding source For years, local governments relied heavily on selling land-use rights to developers. That model worked w

The UK tax rule on FCNR deposits is weakening their appeal among some wealthy NRIs because overseas interest may be taxed in Britain. Higher Indian returns and the RBI-backed incentive remain attractive, but investors must now compare headline rates with their final post-tax income. UK tax rules are weakening the appeal of Foreign Currency Non-Resident, or FCNR, deposits for some wealthy NRIs, particularly long-term UK residents who may owe British tax on interest

MIAMI — A federal judge is examining whether the resolution of President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service involved deception, collusion or possible fraud on the court. U.S. District Judge Kathleen M. Williams ordered further briefing on Friday, May 29, 2026, after 35 former federal judges asked her to reconsider the case’s closure. No finding of fraud has been made. Trump, his two elde

ALEXANDRIA, Va. — A federal judge has kept the Trump administration’s proposed $1.776 billion Anti-Weaponization Fund on hold after senior officials declined to provide sworn assurances that the program had been abandoned. U.S. District Judge Leonie M. Brinkema issued a preliminary injunction on Friday, June 12, 2026, barring the Justice and Treasury departments from creating, financing or operating the fund. The order

Illinois gas tax pause talks remain active as a scheduled fuel tax increase approaches on Wednesday, July 1, 2026. Gov. JB Pritzker has said he is open to considering a pause, but state leaders have not announced a final plan. The Illinois General Assembly faces a key deadline on Sunday, May 31, 2026, when the spring legislative session is scheduled to adjourn. That gives lawmakers limited time to act before the automatic increase takes effect. Illinois gas tax pa

Miami Judge Reopens Trump IRS Lawsuit A federal judge in Miami has reopened President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service, reversing last week’s voluntary dismissal. Judge Kathleen M. Williams said she wants to investigate “grievous allegations” that the settlement process may have been “premised on deception,” raising serious questions about how the case was

Rep. Sam Liccardo is pushing an AI workforce training plan that would encourage major technology companies to help workers prepare for jobs reshaped by artificial intelligence, according to a report published by San José Spotlight and Palo Alto Weekly on Thursday, May 28, 2026. Liccardo, whose California district includes Meta, Google, xAI and other technology firms, said companies should work with local colleges and community centers to build practical training programs for future

The Delhi High Court has rejected Pernod Ricard’s appeal to resume sales of its popular brands, Absolut Vodka and Chivas Regal, keeping the ban in place for the third consecutive year. The ruling comes amid ongoing corporate investigations and a $314 million tax dispute, intensifying pressure on the French liquor giant. Delhi is a critical market for Pernod Ricard, representing nearly 5% of its nationwide sales. B

Trump Rally in Suffern, New York  President Donald Trump held a rally in Suffern, New York, on Friday,May 22,2026 aiming to energize Republican supporters ahead of the midterm elections. Speaking at Rockland Community College, Trump emphasized economic issues, recent Republican victories, and tax cuts while frequently targeting Democratic policies and leaders. At one point, he referred to the Democratic National Commit

The Trump IRS settlement fund has become a new legal and political flashpoint after the Justice Department created a $1.776 billion Anti-Weaponization Fund tied to President Donald Trump’s lawsuit over the leak of his tax returns. The Justice Department announced on Monday, May 18, 2026, that the fund was created through a settlement in Donald J. Trump v. Internal Revenue Service. Trump, Donald Trump Jr., Eric Trump and the Trump Organization will

The FAA is investigating an O’Hare taxiway scrape after a United Airlines Boeing 737 made light contact with an All Nippon Airways aircraft at Chicago O’Hare International Airport. The incident happened just before 10:00 AM CT on an unspecified Thursday, according to the information provided. The exact calendar date was not included in the source details. FAA reviews O’Hare taxiway scrape involving United and ANA The Federal Aviation Admi

The Trump IRS addendum explained in new Justice Department filings shows that the federal government is barred from pursuing existing or past tax-related claims involving President Donald Trump, his family members and affiliated businesses. Acting Attorney General Todd Blanche signed the one-page addendum on Tuesday, May 19, 2026. The document states that the United States is “forever barred and precluded” from pursuing claims, examinations or reviews that have

Chicago’s parking meter sale could move to a new private owner after Chicago Parking Meters LLC reached a tentative agreement to transfer its rights to New York-based Stonepeak Partners. The proposal still requires approval from the Chicago City Council, according to Mayor Brandon Johnson’s office. Ordinance Number and Vote Timeline An ordinance to begin the review process is expected to be introduced at the Chicago City Council meeting on We