SMP FAQ - Are my SMP pension benefits subject to taxation?

June 28, 2016 - 10:46
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Question: 

Are my SMP pension benefits subject to taxation?

Category: 
Miscellaneous
Answer: 

Your pension benefits are subject to taxation by the Internal Revenue Service for federal income tax purposes. Under current law, your pension benefits are not subject to income tax by the State of Illinois. Should you relocate to another state, you should check with that state on the taxation of your pension benefit.

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