Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: karpov

They also tax senior’s Social Security payments.


2 posted on 07/17/2021 9:07:40 AM PDT by SkyDancer (I Identify As Vaccinated)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: SkyDancer

Elections have consequences.


4 posted on 07/17/2021 9:27:27 AM PDT by vikingd00d (chown -R us ~you/base)
[ Post Reply | Private Reply | To 2 | View Replies ]

To: SkyDancer
Illinois does not tax any retirement pay, including RMD and social security.
6 posted on 07/17/2021 10:28:29 AM PDT by budj (Combat vet, 2nd of three generations.)
[ Post Reply | Private Reply | To 2 | View Replies ]

To: SkyDancer

Taxing SS was up a few years back and did not pass.

Illinois does not tax distributions received from:

qualified employee benefit plans, including 401(K) plans;
an Individual Retirement Account, (IRA) or a self-employed retirement plan;
a traditional IRA that has been converted to a Roth IRA;
the redemption of U.S. retirement bonds;
state and local government deferred compensation plans;
a government retirement or government disability plan, including military plans;
railroad retirement income;
retirement payments to retired partners;
a lump sum distribution of appreciated employer securities; and
the federally taxed portion of Social Security benefits

https://www2.illinois.gov/rev/questionsandanswers/Pages/99.aspx


14 posted on 07/17/2021 11:29:05 AM PDT by DUMBGRUNT (("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson