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Who Can Take the Illinois Credit for K-12 Education Expenses?

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Question
Who Can Take the Illinois Credit for K-12 Education Expenses?

Answer

Am I eligible for a K-12 education expense credit?
You may figure a credit for qualified education expenses, in excess of $250, if:
1. You were the parent or legal guardian of a full-time student who was under the age of 21 at the close of the school year,
2. You and your student were Illinois residents when you paid the expenses, and
3. Your student attended kindergarten (at a school that also has a first grade) through twelfth grade at a public or nonpublic school in Illinois during the taxyear.

If you received a receipt from the school attach the "Receipt for Qualified K-12 Education Expenses" that you received from the school.  You must complete Section B of Schedule ICR, including the K-12 Education Expense Credit Worksheet to claim this credit. 

If you home school your child(ren), see Publication 119, K-12 Education Expense Credit General Rules and Requirements for Home Schools.

If you are the parents or legal guardians of a qualified student and you are filing separate Illinois returns, you may each claim an education expense credit. However, you both may not claim a credit for the same expenses, and the total amount of credit claimed between both parents or guardians may not exceed $500.

Please see Schedule ICR for additional information. 

 


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Views: 340 Created on: Jun 15, 2013
Date updated: Nov 24, 2014

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