PUB-120 (R-04/24)
Retirement Income
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What federally taxed income may I not subtract?
You may not subtract
► income that is not from a qualied employee benet plan. This includes income received
■ as third-party sick pay, or
■ from deferred compensation and disability plans that are not government plans.
► any ordinary income from a qualied retirement plan for which you have elected to use the “Special 10-Year Averaging
Method” on U.S. Form 4972, Tax on Lump-Sum Distributions.
What must I attach to my Form IL-1040 when I subtract retirement income on Line 5?
You must attach a copy of your
● U.S. 1040 or 1040-SR, Pages 1 and 2 to support your subtraction for income from
■ qualied employee benet plans, including 401(k),
■ railroad retirement,
■ IRA distribution,
■ converting a traditional IRA to a Roth IRA,
■ self-employed retirement,
■ Social Security benets,
■ government retirement, including military plans,
■ governmental disability, including military plans.
Note: If your U.S. 1040 or 1040-SR Lines 4b, 5b, and 6b do not clearly identify the Social Security benets and
retirement income you are reporting on Line 5, you must attach a copy of Form 1099-R or Form SSA-1099, Social
Security Benet Statement, as applicable.
● U.S. 1040 or 1040-SR, Pages 1 and 2, and Form W-2, Wage and Tax Statement, or Form 1099-R, showing the amount of
state and local governmental deferred compensation paid under IRC Section 457.
● U.S. 1040 or 1040-SR, Schedule D, Capital Gains and Losses, and Form IL-4644, Gains from Sales of Employer’s
Securities Received from a Qualied Employee Benet Plan, for a gain on the sale or exchange of employer securities.
● U.S. 1040 or 1040-SR, Pages 1 and 2, and Schedule B, Interest and Ordinary Dividends, for redemption of U.S.
retirement bonds.
● U.S. 1040 or 1040-SR, Pages 1 and 2, and Form W-2, showing the amount of group term life insurance premiums paid
by a qualied retirement plan or government retirement plan and included as wages on your federal return.
● U.S. 1040 or 1040-SR, Pages 1 and 2, Schedule 1 and Schedule K-1-P, Schedule K-1-T, or any other notication
identifying your share of the income received from a partnership, S corporation, trust, or estate including the payer’s
name and federal employer identication number (FEIN) for retirement payments to retired partners.
Note: For prior year returns, reference the IL-1040 Instructions for that year.
Contact Information
Visit our website at tax.illinois.gov.
For specic phone number and email contacts see our Contact Us page.
Call us at 1 800 732-8866 or 217 782-3336.(TTY 1 800 544-5304)
Write us at Illinois Department of Revenue, PO Box 19001, Springeld, IL 62794-9001.
Call our 24-hour Forms Order Line at 1 800 356-6302.