Tax Day 2024 and How to Get an Extension from the IRS
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
Chicago joins growing list of cities providing paid sick leave.
Chicago has joined a growing list of states and cities that require employers to provide paid sick leave to their employees. The paid sick leave provisions were added as an amendment to the Chicago Minimum Wage Ordinance – now named the Chicago Minimum Wage and Paid Sick Leave Ordinance – and take effect on July 1, 2017.
Employees are covered by the law if they physically perform work within the geographic boundaries of Chicago for at least two hours in any two-week period, and are eligible for paid sick leave if they work at least 80 hours within any 120-day period.
Employers must adhere to the law if they employ at least one person while operating a business within the city borders and are subjected to city license requirements. The Ordinance applies to all employers, regardless of the number of employees, applies to both exempt and non-exempt workers, and explicitly provides that it applies to domestic workers.
One hour of paid sick leave accrues for every 40 hours worked, and employees begin accruing on the first calendar day after employment begins. Employees can use a maximum of 40 hours of paid leave in a one-year period, and can use the leave for the following reasons:
Other stipulations:
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!