You may figure a credit for qualified education expenses, in excess of $250, you paid during the tax year if
- 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,
- you and your student were Illinois residents when you paid the expenses, and
- your student attended kindergarten through twelfth grade at a public or nonpublic school in Illinois during the tax year.
For tax years ending on after December 31, 2017, the K-12 Education Expense Credit is not allowed if a taxpayer’s federal Adjusted Gross Income (AGI) exceeds $500,000 for returns with a federal filing status of married filing jointly, or $250,000 for all other returns.
You must complete Step 2, Section B of Schedule ICR, including the K-12 Education Expense Credit Worksheet to claim this credit.
For more information, please see:
Publication 119 -
Education Expense Credit - General Rules and Requirements for Home Schools
Publication 132 -
Education Expense Credit General Rules and Requirements for Parents and Guardians