Illinois unemployment fell in August, but still higher than national rate

9/18/2020

SPRINGFIELD, IL — The number of jobs lost due to the coronavirus pandemic is staggering. As millions of Americans continue to wonder when they'll go back to work, the Illinois Department of Employment Security said statewide unemployment dropped to 11 percent in August.

Could Trump’s payroll tax deferral boost your paycheck? Yes — but ‘it’s not free money.’ Here’s why.

9/2/2020

President Donald Trump’s payroll tax deferral took effect Tuesday, but some Chicago-area accountants are advising employers against implementing it. The deferral allows employees to delay until Dec. 31 paying the 6.2% tax that comes out of paychecks for Social Security.