🚨 NEW ILLINOIS TAX PROPOSAL ALERT 🚨
Springfield is at it again.
Lawmakers are pushing a plan that could reshape Illinois’ income-tax system — and potentially open the door to taxing retirement incom... View More🚨 NEW ILLINOIS TAX PROPOSAL ALERT 🚨
Springfield is at it again.
Lawmakers are pushing a plan that could reshape Illinois’ income-tax system — and potentially open the door to taxing retirement income down the road.
Right now, Illinois retirees pay ZERO state tax on 401(k)s, IRAs, pensions, or Social Security.
But in October, democratic lawmakers introduced HJRCA0021, a constitutional amendment that would break the flat-tax structure and add a new tax bracket. It doesn’t directly tax retirement income, but it removes long-standing protections that have kept it off-limits.
All of this comes while the state is bringing in record money:
💰 $54 BILLION collected in 2025 — a 35% jump since 2020.
So why push new tax structures now?
And why risk seniors and fixed-income residents getting caught in future tax expansions?
Illinois doesn’t need more taxes.
Illinoisans need clarity, stability, and relief — not new burdens.
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