Reports

Taxing Retirement Income

RELEASED: 

April 5, 2011

Illinois does not currently tax pensions or retirement funds such as 401(k) plans. This Fact Sheet provides an estimate how much revenue could be generated by taxing some retirement income.

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Topics:Tax and Budget, Income Tax, Pensions, Public Pensions

Tags:Personal Income Tax, Pension Benefits, State Revenue, FY2008

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