Retirement Income

              Illinois Department of Revenue
Brian Hamer, Director
Publication 120 October 2005
Retirement Income
The information in this publication is
current as of the date of the
publication. Please visit our web site at
tax.illinois.gov to verify you have the
most current revision.
This publication is written in the plain
English style so the tax information is
easier to understand. As a result, we
do not directly quote Illinois statutes or
the Illinois Administrative Code. The
contents of this publication are
informational only and do not take the
place of statutes, rules, or court
decisions. For many topics covered in
this publication, we have provided a
reference to the applicable section or
part of the Illinois Administrative Code
for further clarification or more detail.
All of the sections and parts
referenced can be found in Title 86 of
the Code.
Taxpayer Bill of Rights
You have the right to call the Department of Revenue for help in resolving tax problems.
You have the right to privacy and confidentiality under most tax laws.
You have the right to respond, within specified time periods, to department notices by asking questions, paying the amount
due, or providing proof to refute the department’s findings.
You have the right to appeal department decisions, in many instances, within specified time periods, by asking for department
review or by taking the issue to court.
If you have overpaid your taxes, you have the right, within specified time periods, to a credit (or, in some cases, a refund) of
that overpayment.
For more information about these rights and other department procedures, you may write us at the following address:
Problems Resolution Office
Illinois Department of Revenue
PO Box 19014
Springfield, IL 62794-9014
About this publication
Publication 120, Retirement Income, gives retirees detailed information about what
retirement income they may subtract from their federal adjusted gross income
when completing Form IL-1040, Individual Income Tax Return. The objectives of
Publication 120 are to
identify what retirement income you may subtract on Form IL-1040, Line 5,
and the line numbers on which this income is reported on your U.S. 1040 or
U.S. 1040A form.
identify federally taxed income you may not subtract.
list required attachments to Form IL-1040 for taxpayers who subtract
retirement income on Line 5.
Get forms and other information faster and easier at tax.illinois.gov