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I have a W-2 for US Railroad Retirement Board Sickness and Unemployment Benefits with Gross Wages in Box 1. Box 13 has "Third Party Sick Pay" box checked. There is Nothing in the State boxes 15, 16 and 17. Is this item Taxable in the state of Illinois? Should I include it as a Schedule M subtraction item line 35. Has anyone seen this before? Thank you for any assistance.
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If it's taxable for federal, it's taxable to IL (assuming your client is an IL resident). There's no such modification under IL ST CH 35 §5/203(a). May have just been an omission on the W-2.
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I agree with my friend above.
More often than not, insurances fail to include wages in Box 16. If it is taxable at the federal level it is taxable in Illinois.
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I found this. Read this as you will and make up your own mind re: if its taxable or not.
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Good learning.
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