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francisann Asked February 2014

Fed income tax rules allow for a deduction on sch a. but state of llinois taxes on gross income. Am I right?

francisann Feb 2014
IF STATE TAXES ON GROSS INCOME; DOES THAT MEAN I PAY TAX ON THE MONEY I WITHDRAW FROM MY IRA. THAT WOULD MEAN THIS YEAR PAYING STATE TAXES ON THE $30000 I WITHDREW TO COVER A $55000 BILL FROM THE NURSING HOME FOR2013.

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